The inflation

The UK is not dealing with inflation very well at the moment and many people are struggling due to the continuous rises as well.

Every time I go into a store, I always have a mental note of how much something was the last time I bought it and there have been many times that I have seen an increase of sometimes 10 pence or 20 pence.

Just the other day I was in my local store and the sugar in there has gone from 69 pence to 75 pence to 89 pence and then to 99 pence so you can probably imagine my shock when I noticed the other day it was now £1.09 pence. The size of the sugar has not changed but the price has increased stupidly.
 
Shortie said:
The UK is not dealing with inflation very well at the moment and many people are struggling due to the continuous rises as well.

Every time I go into a store, I always have a mental note of how much something was the last time I bought it and there have been many times that I have seen an increase of sometimes 10 pence or 20 pence.

Just the other day I was in my local store and the sugar in there has gone from 69 pence to 75 pence to 89 pence and then to 99 pence so you can probably imagine my shock when I noticed the other day it was now £1.09 pence. The size of the sugar has not changed but the price has increased stupidly.
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Marmite-maker Unilever and supermarket Sainsbury's have rejected suggestions that they are not protecting customers from rising prices.
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www.bbc.co.uk

Sainsbury's and Unilever deny prices are too high

The supermarket and Marmite-maker reject suggestions they are not protecting customers from inflation.
www.bbc.co.uk

Do you think inflation is somewhat being used as an excuse for high prices? Below are the reasons.
The war in Ukraine has driven up food prices around the world, but the UK has faced other problems on top of this - from Brexit red tape to labour shortages.

This year in particular, bad weather abroad led to shortages of some vegetables - a situation made worse by UK farmers producing less due to surging energy costs.

UK farmers have also argued that supermarkets are not paying a fair price for their produce - something the supermarkets deny.
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It comes after the Office for National Statistics (ONS) told the BBC that falls in global food prices were not yet being reflected in supermarkets.

Unilever said it was not "profiteering in any form" from rising prices.

Sainsbury's said it had spent millions on lowering prices and was "determined to battle inflation".
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The cost of living has surged recently, with food prices almost a fifth higher in March than a year earlier - the biggest such rise since 1977.

However, wholesale food prices have started to fall with the World Bank saying it expected them to drop 8% by the end of this year.

Supermarkets say such falls take time to reach supermarket shelves. But in March the Unite union accused some supermarkets of "fuelling inflation by excessive profiteering".
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In January, Tesco chairman John Allan suggested suppliers may be at fault, telling the BBC it was "entirely possible" that they were using high inflation as an excuse to raise prices unnecessarily.

But on Thursday, Unilever boss Alan Jope dismissed such suggestions to reporters, saying the company was only passing on three-quarters of the higher costs it was facing.

"We are very conscious that the consumer is hurting and that's why we are not passing through the full price increases and are asking shareholders to bear some of the burden," Mr Jope said.
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It came as the consumer goods giant, which also makes Ben & Jerry's ice cream, reported a 10.5% rise in sales in the first three months of the year.

The better-than-expected figure was driven by price hikes, with the company lifting prices by 10.7% over the period.
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Separately, the boss of Sainsbury's said the chain would pass on any falls in the price of goods as soon as it could and was "absolutely determined to battle inflation for our customers".

However, Simon Roberts said widespread price falls were not likely to come soon as energy and labour costs continued to rise.
It came as the UK's second largest grocery chain reported a better-than-expected 5% fall in underlying profits to £690m and a near-6% rise in sales in the year to March.
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Last week, the British Retail Consortium, which represents grocers, said there was a three to nine-month lag to see price falls reflected in shops.
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Soaring food costs mean prices will remain higher for longer, the Bank of England warned, as it raised interest rates for the 12th time in a row.
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www.bbc.co.uk

UK interest rates: Prices to be higher for longer, Bank of England warns

Interest rates rise to 4.5% - their highest level for almost 15 years in an attempt to slow soaring prices.
www.bbc.co.uk

Some have questioned why a drop in the cost of wholesale food prices globally has not led to falls in the prices charged by UK supermarkets.

However, Mr Bailey said he did not think supermarkets and other grocers were charging customers more than they should.

"It actually doesn't look like that's going on," he told the BBC, adding that higher energy prices and the war in Ukraine had made it harder to import some foods and led to higher costs for retailers.
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TheOne said:
I do not spend much. They make you cultivate a habit of spending, no matter what. Some financial discipline helps a lot.

It is true that the market is going to be harsh on us. Let us not contribute to it. Buy things that we need, not because they are cheap or a discount offer is going on.
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We all have different views and boundaries based on our financial situations. All I can say is that the wealthy may inevitably benefit from inflation as they have more money to put away in a savings account, and interest rates are much higher than normal right now.
 
Inflation is real, its harsh. There is nothing much we can do. Especially in a market economy.

They will attack your natural habits first. Make you think that cow's milk is inferior and you have to use that packed " special " milk. Slowly, everyone stops using cow's milk, local farms gets destroyed. Now they have complete control over what you drink.

I refuse to believe that water is inferior to soda. A lot of people use it instead of water.
 
TheOne said:
They will attack your natural habits first. Make you think that cow's milk is inferior and you have to use that packed " special " milk. Slowly, everyone stops using cow's milk, local farms gets destroyed. Now they have complete control over what you drink.
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Sorry, I don't understand :)

TheOne said:
I refuse to believe that water is inferior to soda. A lot of people use it instead of water.
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I believe your 2 sentences contradict each other, sorry? :)
 
TheOne said:
Do you know that there are people who are so self sufficient that they can avoid going to malls at all? You can get all those around you.

The way the market economy operates, they will make you believe packaged goods are superior and control what you buy.
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???
 
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