341–350 of 1001 posts
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I'll leave this here: https://exchangeconversions.com/charts/CAD-GBP-chart-1-year.... As someone who occasionally orders stuff from UK businesses, I wish the pound would collapse against the Canadian dollar. Like, 1:1 or 1:1.2
Ah yes, I too, as a Canadian, wish for the collapse of an entire other country's currency because I like to buy things online sometimes.
I cannot believe supermarkets these days, it is insane the increases in prices, I’ve seen £5 for a tube of normal toothpaste and £6 for a tiny Pizza that is sometimes available for £3. How people on modest salaries survive I don’t know. Quite often I’m starting to notice dark patterns in pricing where things you normally didn’t worry about will have randomly increased by £2-3 and you get the checkout and you’ve spent…
most definitely. the wealthy are parasites beyond 1-2 magnitude of difference.
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gouging is an incredibly unhelpful context in a macroeconomic sense. In cases of shorter term scarcity (e.g. toilet paper during early covid), you can have instances of gouging. But over a longer-term period where prices are calibrating to demand/supply dynamics, price increases simply reflect the shifting balance between supply and demand. Should we be concerned about why there are shifts in demand/supply? Sure.(In…
In the US, M2 increased 70% in 2 years. Of course prices are going up. Anything less than a 70% increase means companies have a ways to go to catch up.
Meanwhile in Sweden the CEO of ICA, the largest supermarket chain in the country (53% of the market) said yesterday: "It is actually the consumer who controls what they are prepared to pay for a product. In the end, it is they who decide." https://omni.se/icas-vd-det-ar-kunderna-som-avgor-matpriset/...
The consumer decides what they are prepared to pay for a product, unless the demand is inelastic. And for food overall, the demand is inelastic. Consumers cannot just say "food is too expensive for me, so I think I'm going to to go without it this month". They can choose between the individual products they buy, so it wouldn't be a problem if just some food items got expensive. But the price of food overall is inflat…
Why does higher priced food keep inflating too if consumer has no control.
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You are talking like inflation is some conspiracy wielded by “the rich” (who are they? Are they all friends with each other and plan all their schemes together?) against the “others”. Fact is the inflation we are seeing here is caused by the after effects of Covid, the Energy price surges caused by the Ukraine war and in the special case of UK - Brexit, which has lead to huge import shortages due to increased bureauc…
Consider the comparison between Norway and Sweden, two extremely similar countries in almost all respects. Food inflation in Sweden is 22.1% over 12-month [0] Food inflation in Norway is 8.8% over 12-months [1] Obviously someone is making money hand-over-fist from this 12.7% discrepancy. Comments like the one above are really disruptive to any constructive conversations. It is not a conspiracy. The comment above is (…
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https://cloudfront-us-east-2.images.arcpublishing.com/reuter... You do not get it. This inflation is due to insiders (central bankers) printing money. Covid & ukraine are convenient excuses. Look up where this money ended up.
Unless people who can afford it are hoarding groceries an increasing monetary base shouldn't be affecting grocery prices. Only a decrease in supply versus demand, or increase costs of production, should be increasing grocery prices, if market manipulations aren't happening.
you don't get it
money is worth less when there's more of it. especially 40% more of it.
all the inputs to your groceries (labour, energy, materials, transport etc.) thus nominally cost more
when inputs cost more, your groceries cost more
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> "property prices are down, etc" Well, idk about your area, but property prices in northern Germany are still well above the 2020 mark.
Top level comment was about the UK, and over here property prices are down. https://www.theguardian.com/commentisfree/2023/mar/05/house-... .
"UK house prices defy gloom with an average £3,000 rise"
20/03/2023
https://www.theguardian.com/money/2023/mar/20/uk-house-price...
As someone who doesn't live in the UK, the impression I get from headlines is that the UK is becoming poorer by the day, the NHS has collapsed, crime is exploding, poverty is rising, most people can't afford anything anymore, the Royal Mail is hanging by a thread, and the economy is in free fall. What's the reality? In London and outside?
I’d say they’re overly dramatic headlines. For example, the nhs is under funded, as always, but still functioning with long wait time s for non emergency surgery/consultation. Poverty is rising as a consequence of the cost of living crisis. The Royal Mail has always been an overly priced service buts there’s loads more competition. Personally, I reckon we should just let the service die!
If the logistics work, delivering letters only if there's a first class letter to be delivered, if there's a standard letter that's been waiting more than 2-3 days, or if Royal Mail feel like it (e.g. delivering to this road for someone else's first class letter) might save a lot of money.
A lot of the inflation on food is increasingly feeling like businesses cashing in. For instance my old go to brand of breed increased by over 50% months ago.