Cost of Living - Shrinkflation is speeding up at an alarming rate

NotAGolf said:
Our monthly grocery spend for 2 adults and 2 kids:

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Was just shy of £500p/m ~4 years ago. Pushing up to £700p/m now. Definitely noticing it. Our shopping habits have stayed broadly the same. There's a few dishes that are too expensive now so we don't bother with those (mainly those involving expensive cuts of meat/fish).
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What happened in May 23? :p
 
StriderX said:
The Inflation normal people feel is clearly completely detached from whatever garbage the Bank of England thinks normal is.
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But wait, you mean the great deals you can get currently on luxury yachts are not contributing to reducing your normal day to say spending?


.....you peasant, you.
 
Cost of living crisis my ****. Shops are full of Halloween even one with shelves of Christmas tat. They appear to be doing solid business even though it is September according to my diary.

No wonder the climate is changing, it probably does not know what season to represent.
 
StriderX said:
The Inflation normal people feel is clearly completely detached from whatever garbage the Bank of England thinks normal is.
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Thats how a basket of goods works. If you dig down food inflation has been higher than headline CPI, or even RPI and as people feel food inflation everyday its no wonder they feel inflation is worse than the headline numbers.
 
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200sols said:
Thats how a basket of goods works. If you dig down food inflation has been higher than headline CPI, or even RPI and as people feel food inflation everyday its no wonder they feel inflation is worse than the headline numbers.
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People feel this way because wages and benefits are typically linked to RPI or CPI. What we need is an inflation metric that focuses on daily living costs, but of course no employer or the government would use it as it would be a much figure for the majority of the time.

For someone privately renting, and not growing my own food, I find an official circa 3% figure complete comedy. The only things I purchase that are anywhere close to that is things linked to entertainment or holidays.
 
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Everyone buys different things. That is why you use a basket of goods. Having benefits or wages linked to chrcoluks personal inflation rate makes no sense for anyone. The figures are all out there, its hardly a conspiracy to hide them.

Growing your own food is way more expensive than buying cheapo veg from supermarkets as well.

You're also missing the compounded effect. It may be 3.5% now, but that comes ontop of recent rises meaning CPI and RPI have seen rapid rises in just a few years. E.g since 2020 RPI is up 40% and CPI is up about 28%. So yes, inflation can be 3% now but things are 40% more expensive, as an average than 5 years ago.
 
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200sols said:
Everyone buys different things. That is why you use a basket of goods. Having benefits or wages linked to chrcoluks personal inflation rate makes no sense for anyone. The figures are all out there, its hardly a conspiracy to hide them.

Growing your own food is way more expensive than buying cheapo veg from supermarkets as well.

You're also missing the compounded effect. It may be 3.5% now, but that comes ontop of recent rises meaning CPI and RPI have seen rapid rises in just a few years. E.g since 2020 RPI is up 40% and CPI is up about 28%. So yes, inflation can be 3% now but things are 40% more expensive, as an average than 5 years ago.
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PS don't tell the BMA.
 
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