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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

#771

Post by rhacker »

scoofy wrote: post #737
prottog wrote: post #504

Earlier quoted context omitted.

> It seems these days we're ambivalent toward the production of stuff, or even antagonistic to it in many cases. I cannot emphasize this enough. Wealthy Western nations have been wealthy for so long that people know how to cut up the pie in different sizes more so than they know how to bake more.

The negative moralizing of other people existing is genuinely out of control in California. From housing, to transportation, to climate change, to conservation, the major cities just causally like to pretend that if we can may other people go away, it'll solve our problems. It's thrown around causally like it's the state of nature, or an actual workable solution to anything.

I think the basis for this feeling is that people keep moving here. We feel it when traffic gets worse, etc... Not really sure IF there's a real solution. The more people there are, the worse things get in small spaces. We have an entire country that is mostly empty.

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

#772

Post by briantakita »

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…

"Oops...did I do that?" is a comedic phrase uttered by someone who makes a mistake which harms others but benefits them. Call it whatever you want, i.e. "Conspiracy theory", but you cannot deny who is harmed & who benefits.

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

#773

Post by DeathArrow »

glenjamin wrote: post #630
theturtletalks wrote: post #590

Earlier quoted context omitted.

His argument is that the government can do 2 things: 1. Interest-free money for businesses to launch, grow, and advance. This leads to more goods in the market and thus lower prices 2. Free money straight to the people which means more money in the market and thus, inflation, empty shelves, etc. His general point is that having interest-free money keeps existing players honest since newcomers can come in and start a…

The government can also buy things (like infrastructure) and employ people to provide public services, which directly injects money into the economy by paying it to the people who do that work. The current UK government has not been doing much of this.

> The government can also buy things (like infrastructure) and employ people to provide public services, which directly injects money into the economy by paying it to the people who do that work

We did that in comunism with the known results.

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

#775

Post by DeathArrow »

ClumsyPilot wrote: post #634
theturtletalks wrote: post #590

Earlier quoted context omitted.

His argument is that the government can do 2 things: 1. Interest-free money for businesses to launch, grow, and advance. This leads to more goods in the market and thus lower prices 2. Free money straight to the people which means more money in the market and thus, inflation, empty shelves, etc. His general point is that having interest-free money keeps existing players honest since newcomers can come in and start a…

government can directly invest in production capacity to produce stuff. Like they can build housing and windfarms, etc.

We did that in comunism with the known results.

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

#776

Post by random_upvoter »

epups wrote: post #711
random_upvoter wrote: post #684

Earlier quoted context omitted.

So what's the plan now? Let this thing run its course until there are food riots in the USA?

Ironically, price controls are more likely to get us in that scenario, as they typically preclude shortages.

You are very confident in your knowledge about a lot of things.

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

#777

Post by stuaxo »

Bukhmanizer wrote: post #685
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…

I just want to point out that pretty much every natural economic condition is beneficial for the rich. The thing about money is it’s very flexible. You can hoard it in deflationary cycles, spend it on assets in inflationary cycles, grow it in economically good times and buy cheap property and goods in economically bad times.

There is nothing natural about any system. The system is organised as it is entirely by choice - though only a small minority get to choose how it is.

The system benefits those who get choose how it operates.

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

#778

Post by zbjornson »

cortesoft wrote: post #686
ddren wrote: post #520

Earlier quoted context omitted.

[flagged]

People don’t decide to raise prices out of the blue… it isn’t quite this simple, but for the purpose of understanding the basic concept, you can think of it as the price goes up when you can easily sell your inventory at the current price… if your product sells out quickly, and you still have people eager to buy your product, you raise prices, and you keep raising them until you can just barely sell all your product…

It turns out that collision among egg farmers is likely the actual cause of rising egg prices -- not avian flu or CA's new cage law. https://modernfarmer.com/2023/01/record-breaking-egg-profits...

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

#779

Post by beepbooptheory »

mech7654 wrote: post #769
beepbooptheory wrote: post #764

Earlier quoted context omitted.

In fact, Marxists understand this point most of all. Which is why the moral impetus is to remove the possibility of being individually rich, in order to bring a more beautiful wealth to all. Individual "wealth" is so boring and flat and uninspired. Just Scrooge McDucks everywhere. Doesn't it feel like an archaic concept at this point? Such a narrow instantiation of humanity, can't die soon enough.

It sure is boring. We probably should eliminate all boring things from the world.

Just this particular one is sufficient to me. But I'll support you!

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

#780

Post by stuaxo »

Silverback_VII wrote: post #715
Bukhmanizer wrote: post #685

Earlier quoted context omitted.

I just want to point out that pretty much every natural economic condition is beneficial for the rich. The thing about money is it’s very flexible. You can hoard it in deflationary cycles, spend it on assets in inflationary cycles, grow it in economically good times and buy cheap property and goods in economically bad times.

It's like Monopoly, at some point there is just nothing you can do. The resets are probably the collapses of civilizations.

That is exactly the point "the landlords game" - the original monopoly was made to demonstrate.
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