[Finance] Price Increases

[Joey Jo Jo Jr. Shabadoo]

Ambrosia Custard 75p to £1.99

Diesel and energy bills

Diesel prices have come down since the summer when the average was touching £2 a litre according to the RAC. The average is now £1.70. Sure its a lot higher than where we were two years ago but with everything else rising its nice to see something actually going down.

 

[dannyboy]

For those that use the supplement creatine that has gone up about 5 x for me.

Veg is ridiculous here in NZ at the moment cauliflower about 5 quid, broccoli 3 quid . ive seen tomatoes at 10 quid a kilo . Takes the piss when you think about all the space there is to grow stuff. Also NZ lamb is more expensive here than in UK , work that one out.

 

[Weststander]

Yes. Grocery costs have rocketed over the last year.

Still very much pays to shop at Lidl/Aldi for us. £140 a typical spend at Sainsbury’s, seems like clockwork to be around £100 at those two.

 

[Weststander]

For many mortgages are the real killer, the next 2 years are going to see vast swathes see 1-2% rates vanish. Suddenly money is 2-3 times expensive.

Timing/luck will be key. Fixed rate deals are now 1% cheaper than a month ago.

Martin Lewis with an economist specialising in this field last week projected rates 3% lower by the end of 2024. Subject to no new global events screwing everything again.

 

[Weststander]

I’m sure that Brexit has had an effect on British industry - to varying degrees, however I don’t feel it’s the main cause of cost increase affecting my business. Greek currants have increased in price by normal amounts. Undoubtedly the cost of wheat, animal feed and fertiliserafter the Ukrainian invasion has had a massive impact as have the well documented increases in fuel for haulage and electricity for producers.

(Box of 360 eggs £45 - £66 this year alone)

The whole of Europe is suffering. The lockdowns created global supply chain issues never sorted, millions of workers decided to have a long term or permanent break from the rat race, then fuel (distribution and glasshouse) costs rocketed, finally Putin’s trying the screw Europe on foodstuff production and movements.

https://foodmatterslive.com/article...0-per-cent-highest-inflation-levels-30-years/

 

[Jimmy Grimble]

Timing/luck will be key. Fixed rate deals are now 1% cheaper than a month ago.

Martin Lewis with an economist specialising in this field last week projected rates 3% lower by the end of 2024. Subject to no new global events screwing everything again.

Timing/luck will be key. Fixed rate deals are now 1% cheaper than a month ago.

Martin Lewis with an economist specialising in this field last week projected rates 3% lower by the end of 2024. Subject to no new global events screwing everything again.

Or Liz Truss turning up again.

 

[Rdodge30]

For those that use the supplement creatine that has gone up about 5 x for me.

Veg is ridiculous here in NZ at the moment cauliflower about 5 quid, broccoli 3 quid . ive seen tomatoes at 10 quid a kilo . Takes the piss when you think about all the space there is to grow stuff. Also NZ lamb is more expensive here than in UK , work that one out.

Definitely not Brexit
How was the supply chain in the Southern Hemisphere immediately after the Covid lockdowns?

The whole of Europe is suffering. The lockdowns created global supply chain issues never sorted, millions of workers decided to have a long term or permanent break from the rat race, then fuel (distribution and glasshouse) costs rocketed, finally Putin’s trying the screw Europe on foodstuff production and movements.



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https://foodmatterslive.com/article...0-per-cent-highest-inflation-levels-30-years/

yes definitely. The price increases across the industry I work in were slight in the aftermath of Beexit and supply chain issues were negligible. As I said I’m sure other industries were affected but we weren’t. The first issues with supply chain came after the worldwide lockdowns, partly I’m led to believe because there were huge numbers of empty containers on the docks all over Europe and when the restrictions lifted the working cargo ships headed straight to pick up full ones as there was more money in it than returning the empties, this compounded the shortage of containers for quite some time.

However nothing in all the years I’ve worked in the Bakery industry (40 years) has ever affected pricing in the same way that the invasion of Ukraine has since last year with all its knock on effects, flour, fertiliser, animal feed, fuel etc. Quite life changing actually.

 

[DavidinSouthampton]

I went to buy some Vanish last week and couldn’t see any on the shelves.

It’s with the camouflage trousers.

 

[WATFORD zero]

It's the triple whammy of Covid, Ukraine and Brexit, which is why it is so different for different products and countries. Although the problems Covid caused with distribution should be just about finished now, which is why some countries are starting to see improvements.

 

[chickens]

Yes. Grocery costs have rocketed over the last year.

Still very much pays to shop at Lidl/Aldi for us. £140 a typical spend at Sainsbury’s, seems like clockwork to be around £100 at those two.

Lidl halves my shopping costs compared to Sainsbury’s, but you always run the risk of them not having something you want/need. Stock levels fluctuate wildly. Strangely, when we tried Aldi, the shop was only fractionally less than the Sainsbury’s cost.

Having said that, I went to Sainsbury’s yesterday to get the ingredients for a decent Valentine’s meal, and the fresh produce sections were a wasteland of empty display units. The contrast with pre-Brexit availability still seems incredible, even for crops that can be grown in the U.K.

 

[Weststander]

It's the triple whammy of Covid, Ukraine and Brexit, which is why it is so different for different products and countries. Although the problems Covid caused with distribution should be just about finished now, which is why some countries are starting to see improvements.

Which doesn’t explain the runaway food price inflation in continental Europe, starting prior to Ukraine. Some major countries it’s higher than UK’s

R4 various prog’s have mentioned, even recently, that global supply chain issues post lockdowns remain eg empty containers are still in the wrong place. Supply and demand, meaning the operators have profiteered.

 

[Weststander]

Lidl halves my shopping costs compared to Sainsbury’s, but you always run the risk of them not having something you want/need. Stock levels fluctuate wildly. Strangely, when we tried Aldi, the shop was only fractionally less than the Sainsbury’s cost.

Having said that, I went to Sainsbury’s yesterday to get the ingredients for a decent Valentine’s meal, and the fresh produce sections were a wasteland of empty display units. The contrast with pre-Brexit availability still seems incredible, even for crops that can be grown in the U.K.

Agreed.

We use Lidl (dare I say …. Goldstone Ground), it’s spacious so missing the narrow aisled chaos of Aldi Portslade.

Making the Lidl trip first, getting the missing items elsewhere.

Probably saving us £200 per month, for 4.

 

[WATFORD zero]

Which doesn’t explain the runaway food price inflation in continental Europe, starting prior to Ukraine. Some major countries it’s higher than UK’s

R4 various prog’s have mentioned, even recently, that global supply chain issues post lockdowns remain eg empty containers are still in the wrong place. Supply and demand, meaning the operators have profiteered.

I said that Covid supply chain problems caused problems and inflation around the world and that was prior to Ukraine (interesting use of 'runaway') and unsurprisingly, the highest are still Hungary, Ukraine, Moldova and Turkey.

The impact of that has now almost gone and is starting to be reflected around the world so there's only two remaining drivers to be managed

 

[nicko31]

Timing/luck will be key. Fixed rate deals are now 1% cheaper than a month ago.

Martin Lewis with an economist specialising in this field last week projected rates 3% lower by the end of 2024. Subject to no new global events screwing everything again.

3% lower? I'd be amazed to see base rates back at 1% again...

 

[Weststander]

3% lower? I'd be amazed to see base rates back at 1% again...

Separate to that, with caveats, the general advice for those with fixed deals ending was:

1. Take very short term fixes or variable rate products, awaiting lower rates in 2024; or
2. If you like certainty / hate the stress of not knowing future variables, take a fixes deal. 5 years but no more was mentioned.

Calling @Uncle Spielberg .

 

[el punal]

It’s with the camouflage trousers.

That reminds me of a classic line in the old TV series ‘The Invisible Man’. The Invisible Man when ‘visible’ was wrapped in bandages and wore a hat. Anyway, there he was driving a car and he was stopped by police. The copper involved went up to TIM’s car and said : “Sorry sir, I didn’t recognise you.”

 

[jackalbion]

The Mcdonald's next to my work is now charging 10p for dips, so I'm currently boycotting.

 

[PILTDOWN MAN]

I have a large veg plot in my garden, last year I had little interest in doing anything after losing my wife, this year my daughter and I are already planning what to grow.

 

[Horses Arse]

Diesel prices have come down since the summer when the average was touching £2 a litre according to the RAC. The average is now £1.70. Sure its a lot higher than where we were two years ago but with everything else rising its nice to see something actually going down.

It's not though, it should be at least 30p cheaper for diesel and the delta between diesel and petrol has grown massive, artificially. That drives everything else up too.

 

[Horses Arse]

Lidl halves my shopping costs compared to Sainsbury’s, but you always run the risk of them not having something you want/need. Stock levels fluctuate wildly. Strangely, when we tried Aldi, the shop was only fractionally less than the Sainsbury’s cost.

Having said that, I went to Sainsbury’s yesterday to get the ingredients for a decent Valentine’s meal, and the fresh produce sections were a wasteland of empty display units. The contrast with pre-Brexit availability still seems incredible, even for crops that can be grown in the U.K.

Waitrose darling