Wednesday, July 6, 2011

Stock up on sterling, so you can afford higher prices

Shop Price Inflation Hits 32-Month Peak

A sharp rise in the cost of food has seen shop price inflation leap to its highest rate since October 2008, according to the British Retail Consortium. The new research suggests higher petrol and commodity prices lifted the rate to 2.9% in June from 2.3% in May. Food inflation rose to 5.7% from 4.9% - the biggest rise since May 2009 - while non-food inflation rose to 1.3% from 0.8%. Shop price inflation is lower than overall CPI, which currently stands at 4.5%.

Posted by general congreve @ 10:52 AM (1305 views)
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6 thoughts on “Stock up on sterling, so you can afford higher prices

  • mark wadsworth says:

    It’s nice to see “improvements” in food and petrol prices at least 🙂

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  • ontheotherhand says:

    …temporary…external…knighthood…deflation a threat…. etc etc. I think we should just pass a law that every deposit account should just have a zero added to the end of it. That ought to do it surely?

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  • Well done Sir Nerv you have done me proud.

    Your bonus is in the post.

    It’s all good if you knew what has been forced down the oily pipeline.

    Again…”Hyperinflation, food shortages.”

    ~ Le Crunch. 🙂

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  • What Mark says. My investment at Sainsbury’s at the weekend is coming along nicely.

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  • @ mark wadsworth

    Very true.

    Now we can have some cheerful stories about “a glimmer of hope” for food prices etc.

    Or have I misunderstood something?

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  • Frankly I’m just sick of all the “food porn” on telly. Nigella Lawson, Hugh Fearnley-Whittingstall, the lot of them can go stuff themselves. Even Gordon Ramsey is on our screens every other day, telling people how to buy food cheap, stick a few coats of beige paint food paste on it, and sell it again at a higher price. Yet amazingly these food buyers fail to make money every time. Then there’s the Food Agents – they’re clearly making far too much money too, there’s a shiny new Tescobury’s on every street corner.

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