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UK: Food inflation rises to 18.2% as it hits highest rate in over 45 years

grocerygazette.co.uk

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Re: UK: Food inflation rises to 18.2% as it hits highest rate in over 45 years

#351

Post by fifticon »

simonh wrote: post #299
MrGilbert wrote: post #201

Earlier quoted context omitted.

> "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-... .

they "have" to be when interest rates are up, since it means the price of money (to borrow) is high. When money can be had for cheap (rates), prices balloon, and when rates are up, real estate prices will, relatively speaking, go down. Another way to put it is that RE prices are always viewed through the relative lens of current interest rates. Yet another way to put it is that it can be hard to figure out if they have objectively risen or fallen, because of the changed rates.

UPDATE: I can see a comment below says they have gone up in some places. Well, when both rates AND prices have gone up, it is not hard to tell :-)

Re: UK: Food inflation rises to 18.2% as it hits highest rate in over 45 years

#352

Post by EForEndeavour »

foxandmouse wrote: post #88

Not related but The price of poultry has gone up significantly in the GTA, and a friend who works for the government informed me that there is an outbreak of bird flu in Ontario that's affecting poultry farms. Unfortunately, farmers can't talk about it due to ag-gag laws.

The Canada Food Inspection Agency publishes weekly estimates of the number of birds affected by highly pathogenic avian influenza infections. The numbers seem relatively high (any number above zero is concerning), but they have barely increased since January:

Week ending 2023-01-18: 748,000 birds affected in Ontario, 7,051,000 in Canada [1]

Week ending 2023-03-22: 749,000 birds affected in Ontario, 7,173,000 in Canada [2]

[1] https://web.archive.org/web/20230120170319/https://inspectio...

[2] https://inspection.canada.ca/animal-health/terrestrial-anima...

Re: UK: Food inflation rises to 18.2% as it hits highest rate in over 45 years

#353

Post by JaimeThompson »

tacker2000 wrote: post #204
samhuk wrote: post #167

As a person living in the UK, I have definitely noticed a considerable rise in unit prices. One of many examples is that a loaf of my favourite bread increased from £3 to £4 recently, which was a shocker. Toilet roll prices, as ever what the news loves to talk about, has exploded, increasing by around 70% since 2020 by my anecdotal observation. A sad thought I have about inflation is the fact that it is, wittingly or…

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…

The rich are those who can get high level politicians on the phone quickly to discuss their issues while the non-rich are those who can't do that.

Re: UK: Food inflation rises to 18.2% as it hits highest rate in over 45 years

#354

Post by bakugo »

tacker2000 wrote: post #204
samhuk wrote: post #167

As a person living in the UK, I have definitely noticed a considerable rise in unit prices. One of many examples is that a loaf of my favourite bread increased from £3 to £4 recently, which was a shocker. Toilet roll prices, as ever what the news loves to talk about, has exploded, increasing by around 70% since 2020 by my anecdotal observation. A sad thought I have about inflation is the fact that it is, wittingly or…

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…

This comment is bizarre. Corporations taking advantage of the current economic climate to make a profit is a conspiracy now? Most of the large corporations responsible for selling these supposedly "inflated" goods are posting record profits with no shame, and here you are covering your eyes and ears to defend them.

Re: UK: Food inflation rises to 18.2% as it hits highest rate in over 45 years

#355

Post by anonymouskimmer »

ThunderSizzle wrote: post #293
tacker2000 wrote: post #204

Earlier quoted context omitted.

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…

[flagged]

> Obviously Biden shows how much he cares about stopping the war.

Oh yes, of course. All we have to do is negotiate an end to the Sudeten crisis and there will be no more wars, or threats of wars, from Hitler.

Been there, done that. The best preventative for war is making it quite clear that any victory for warmongers will be a Pyrrhic victory.

https://en.wikipedia.org/wiki/Sudetenland#Sudeten_Crisis

Re: UK: Food inflation rises to 18.2% as it hits highest rate in over 45 years

#356

Post by jupp0r »

ROTMetro wrote: post #292
jupp0r wrote: post #246

Earlier quoted context omitted.

Can you name non-capitalism societies that have had more success dealing with inflation?

I can think of other societies whose solution is more humane than 'drive up unemployment and make remaining workers so afraid they stop purchasing'.

Real existing ones? Who exactly?

Re: UK: Food inflation rises to 18.2% as it hits highest rate in over 45 years

#358

Post by havblue »

tacker2000 wrote: post #204
samhuk wrote: post #167

As a person living in the UK, I have definitely noticed a considerable rise in unit prices. One of many examples is that a loaf of my favourite bread increased from £3 to £4 recently, which was a shocker. Toilet roll prices, as ever what the news loves to talk about, has exploded, increasing by around 70% since 2020 by my anecdotal observation. A sad thought I have about inflation is the fact that it is, wittingly or…

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…

The "who are the elites?" question is one that many people struggle with when looking for who to point a finger at for modern economic woes. A lot us who post on this site are in technical fields and are well-compensated. So it wouldn't shock me if many people in the world consider "us" to be part of "them".

In this case though, we're simply talking about inflation. One cause of inflation that you've neglected to mention is quantitative easing and how it's been used to artificially lower interest rates while allowing for higher deficits. I'd suggest you start there before you strawman people who disagree with you as "conspiracy theorists"...

Re: UK: Food inflation rises to 18.2% as it hits highest rate in over 45 years

#359

Post by wahnfrieden »

simonh wrote: post #263
samhuk wrote: post #167

As a person living in the UK, I have definitely noticed a considerable rise in unit prices. One of many examples is that a loaf of my favourite bread increased from £3 to £4 recently, which was a shocker. Toilet roll prices, as ever what the news loves to talk about, has exploded, increasing by around 70% since 2020 by my anecdotal observation. A sad thought I have about inflation is the fact that it is, wittingly or…

Hope you don't mind me re-posting this from another comment of mine, but since you specifically raise the UK it's actually more relevant here. In the UK it doesn't look like gouging is the issue: https://www.grocerygazette.co.uk/2023/01/31/food-companies-p... Honestly you're right that inflation can benefit the well off, but I don't buy the conspiracy theory angle. "The Establishment" has been holding inflation rates…

Why doesn’t 4% count as weaponized? That’s higher than typical annual raises, not to mention non workers

Re: UK: Food inflation rises to 18.2% as it hits highest rate in over 45 years

#360

Post by varispeed »

samhuk wrote: post #167

As a person living in the UK, I have definitely noticed a considerable rise in unit prices. One of many examples is that a loaf of my favourite bread increased from £3 to £4 recently, which was a shocker. Toilet roll prices, as ever what the news loves to talk about, has exploded, increasing by around 70% since 2020 by my anecdotal observation. A sad thought I have about inflation is the fact that it is, wittingly or…

Also the rich who lives off capital gains pay much less tax than people earning their income from work.

For instance our PM Rishi Sunak has paid 24% tax on his £1.9m income last year, while the tax man takes 39% from my wage.

This should be fixed, but Sunak who was pushing for higher taxes on the workers, would never do that.

This is absolute scandal the rich can avoid paying their fair share this way.

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