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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

#751

Post by DeathArrow »

mjevans wrote: post #682
somenameforme wrote: post #662

Earlier quoted context omitted.

The US has had extremely low interest rates for a very long time, and yet effective competition is further than ever in many industries. Something I'd observe is how unreasonably difficult it can be to legally sell things in the US. For instance hitting on this topic (of food prices), why can't I simply start baking bread and selling it? You can make an amazing loaf of bread for a tiny fraction of what people pay in…

Safety, including healthcode safety, is a good thing. A level playing field ensures that everyone in the market is making safe, hopefully good quality, products for that market. Reviewing, streamlining, and creating easier for small businesses to follow guidelines about the regulations that exist in a given field also sounds like good ways of improving consumer choice and safety.

> Safety, including healthcode safety, is a good thing. A level playing field ensures that everyone in the market is making safe, hopefully good quality,

Sure, you can raise the standards so much that only multi billion companies will be able to comply. In fact that is what we witness today. How many mom and pop shops still exist compared to the '60s?

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

#754

Post by mcntsh »

ezst wrote: post #534
prox wrote: post #516

Earlier quoted context omitted.

Tax the rich and they go somewhere else (see recent discussions about the wealth tax in France)

> Tax the rich and they go somewhere else (see recent discussions about the wealth tax in France) Let them go, then, the earlier the better and threat them as pariah. What good do you expect to gain from them at that rate?

In NYC for example, 40% of the tax revenue comes from 1% of the tax payers[1]. High taxes are causing high earners to leave the city. What's going to fill that gap in revenue?

I'm not sure how it is in France though.

[1]: https://www.bloomberg.com/news/articles/2022-12-14/new-york-...

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

#755

Post by rhacker »

donatj wrote: post #753

I hear the inflation numbers and I'm always like "are they living in the same world as me?" Pre-COVID I used to able to run and get lunch for under $5. Now I'm lucky to spend less than $15.

This is my experience too. I don't know where the CPI ever gets its data. But Inflation is clearly over 100% for restaurants in California. Literally in the last 3 years.

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

#756

Post by WalterBright »

Arrath wrote: post #648
bombcar wrote: post #585

Earlier quoted context omitted.

It's likely possible that the lack of self-control that is sometimes related to overeating correlates with lack of self-control in other areas such as saving money or avoiding debt. But that's not popular to talk about; nobody likes hearing about personal responsibility anymore.

It can also be a learned reaction due to past experience. Shortage or hungry times resulting in an instinct to overeat when food is available to act as a buffer should bad times come again.

American kids are obese, too.

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

#757

Post by pclmulqdq »

supernova87a wrote: post #745

On the topic of whether inflation hits the poor harder than the rich, I have been undecided/inconclusive in my mind about this. And would love some perspectives on it, along the lines of: Although day to day items that dominate the spending of a lower income person's paycheck are easily seen affected when inflation hits, for a wealthy person, whatever savings and money is accumulated eventually has to be spent on suc…

Inflation hits everybody, but it hits people with bad market timing a lot more than people with good market timing. That means the dumb rich are the biggest losers, the smart rich are the biggest winners, and the poor (who don't have the luxury of choosing how to time the market on most things) also generally lose.

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

#758

Post by Tiktaalik »

_Wintermute wrote: post #87

For reference, that's a fairly average value for Europe at the moment. Not sure why the UK is being singled out. https://i.redd.it/8hbhiqhowjpa1.png

Because the UK is part of the Anglosphere and so USians/Canadians/Aussies/Kiwi press will always look to the UK for a high level look at Europe

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

#759

Post by jseliger »

andy_ppp wrote: post #137

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…

It would help to remove many regulatory barriers to building housing and commercial structures of any kind: https://www.centreforcities.org/publication/the-housebuildin...

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

#760

Post by robocat »

m_stone_code wrote: post #550

Living in the UK, yes food prices are rising. But I work for an NGO whose main focus is in East Africa and I've been tracking food inflation there and seeing 200-400% jumps over the past three years. Perfect storm of the lack of available fertilizer, wheat shortage and poor growing seasons over the past five years is hitting everyone. I don't see it geetting better until the world adjusts; swapping to alternative cro…

I agree, the problem is fairly global. So UK specific explanations are unlikely to have much validity. Some punters myopically only considering UK features (such as brexit) is misleading.

https://tradingeconomics.com/country-list/food-inflation (Click on World Tab, and click on the inflation heading to sort - I needed to tap and slide to get it to sort descending).

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