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

SpellowHouse said:
Talking about inflation for a second, I don't understand how the government and media arrive at the small percentages: this has risen by 12%, that has risen by 20%. All I am seeing is 50%, 60% and more.
Click to expand...

That’s because everything the media and office for National statistics tell us is tweaked to make it sound better than it is! The official RPI/CPI rates have been manipulated for decades now to the point where it’s very obvious they’re nothing but fabricated figures.

Then the Bank of England governor tell us “we expect inflation to fall later this year….” without any explanation of how or why!

Does anyone actually believe that inflation will fall later this year or that 12% is a realistic figure at this point!
 
Last edited:
Man-In-A-Teapot said:
I wonder if anyone has tracked the prices of cheddar cheese/mature cheddar cheese/extra mature cheddar cheese as the input costs of the milk have changed over time; there is a lag factor with the mature and extra mature cheddars which would make production costs higher or lower relative to the bog standard cheddars.
Click to expand...
There won't be a lag factor, as they'll pass increased costs on immediately like everyone else (e.g. petrol suppliers) seems to, and even if costs fall, they won't be passed back to consumers until months later (if at all)
 
Last edited:
alcohol prices not increased - as you'd think, that's the first thing now thrown out of our/the weekly shopping basket, V from Grocer...

more importantly - coffee prices painful , the days of online good quality espresso beans at Rave <£16/kg long gone;
we bought last lot of instant online for first time - carte noire in bulk from Amazon
perhaps there is hope -> https://www.nationwidecoffee.co.uk/news/coffee-prices-are-crashing-what-it-means-for-your-coffee

Alcohol value sales in grocery across Europe fell 4% in 2022, a loss of €2.7bn (£2.4bn) to €66bn (£58bn), according to the latest IRI ‘FMCG Demand Signals’ report.
The decline across all European retailers made it “increasingly evident that underlying demand has changed in response to post-pandemic trends, with new consumption patterns and choices impacting how the category grows over the next few years”, said Ananda Roy, IRI global senior vice president of strategic growth insights.
Makers of beer, wine and spirits brands were now “caught in a perfect storm with no end in sight”, he added. “Alcohol sales tend to peak during a recession as consumers eat in instead of out. However, this recession is fuelled by a perfect storm of exceptionally high food and energy prices, record interest rate rises and anaemic wage growth.
“Households are having to make trade-offs to moderate its impact on their available income, prioritising food staples and small indulgent treats over discretionary items like alcohol.”
Click to expand...
 
On the news someone just mentioned we still have the 3rd cheapest food (in the EU, in the G7, Wwstern Europe? They didnt say)

Having a look, we did have some of the cheapest food in the EU even up to 2019/20.

So maybe we are just suffering now as we are paying a more realistic price.
 
SpellowHouse said:
I know the supermarkets are doing this. I have been buying food in Europe recently, and prices are falling there. In some cases, I have noticed as much as a 15% fall in some goods that has not happened in the UK.
Click to expand...
Do elaborate?

Food price inflation is not unique to the UK e.g

www.eiu.com

Rising cost of food defies inflation slowdown

Food prices are soaring, particularly in Europe, as producers and retailers try to maintain or increase their margins.
www.eiu.com www.eiu.com
 
200sols said:
Do elaborate?

Food price inflation is not unique to the UK e.g

www.eiu.com

Rising cost of food defies inflation slowdown

Food prices are soaring, particularly in Europe, as producers and retailers try to maintain or increase their margins.
www.eiu.com www.eiu.com
Click to expand...

Well, the 15% is still minor compared to increases. I am not sure what the overall increases are (not the media reports, but the REAL increases!!), but certainly I have noticed 40-50% on some items, so 15% is a pretty small reduction. Even so, it's better than the "nothing" we seem to be getting in the UK.
 
You must log in or register to reply here.
Back
Top Bottom