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

GOOD GRIEF!
I recently bought a box of Shredded Wheat. I was horrified by the size of them!!! They are tiny now. I could eat four!


moon man said:
well soon we will have zero shops in the village this is the statement from the owner who also has the Old inn up for sale (i think its still on the market) from their facebook page

The footfall into our shop has reduced dramatically, inflation has hit the business hard and supplier cost increases have risen astronomically, not to mention the sharp increase in utility bills. Alongside these issues alone, over the last year, our suppliers have continued to reduce their availability of stock in favour of other industries, dealing another crushing blow to the small retail sector.
At the same time, larger supermarkets have enormous power now, in some instances, purchasing our suppliers which has created (in our view) an unfair marketplace. Sadly, because they have the buying power to keep their prices low, we cannot compete with them for our customers. They can offer prices to our customers sometimes lower than we can purchase these products at wholesale, and they will deliver.
Some other local cash and carry businesses in Cornwall have also closed, making independent small retailers like us more and more dependent on just one or two suppliers, who have then increased costs to us so rapidly and inordinately that retail businesses like ourselves just cannot survive. The cost rises from other small local suppliers are also (understandably) rising with increasing regularity and although we have attempted to absorb these as much as we can, it’s become an impossible situation.
We have even attempted to align ourselves with retailers such as Spar, Londis, Bestway and other retail organisations to secure their deliveries, prices and support but sadly St. Breward Stores does not have sufficient sales or footfall for them to consider bringing us on board.
It has been the final nail in the coffin.
The large supermarkets are winning. They are crushing small businesses in order that they can remove competition.
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Even the large supermarkets are bleeding the public dry. I have stopped buying all pet food now from the UK. I can buy it from Amazon (and that comes from the EU) at 25% less than I can buy it from any UK supermarket.
My issue with the government is that they point-blank refuse to intervene even in extraordinary times. I can understand that it's not the Tory way, but exceptional times require exceptional measures, and by refusing to step in they are going to pay the price in the next election.
 
SpellowHouse said:
GOOD GRIEF!
I recently bought a box of Shredded Wheat. I was horrified by the size of them!!! They are tiny now. I could eat four!




Even the large supermarkets are bleeding the public dry. I have stopped buying all pet food now from the UK. I can buy it from Amazon (and that comes from the EU) at 25% less than I can buy it from any UK supermarket.
My issue with the government is that they point-blank refuse to intervene even in extraordinary times. I can understand that it's not the Tory way, but exceptional times require exceptional measures, and by refusing to step in they are going to pay the price in the next election.
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But not Labour surely, different colour but same old tripe!
 
adidan said:
Unfortunately if local businesses aren't supported by the public they will fail.
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Unfortunately people need to realise that the high street is dead. Town centres need to be redeveloped as social hubs. There is no point propping up something that doesn't work anymore.

In turn these large companies who are monopolising do need keeping in check however.
 
adam cool dude said:
Unfortunately people need to realise that the high street is dead. Town centres need to be redeveloped as social hubs. There is no point propping up something that doesn't work anymore.

In turn these large companies who are monopolising do need keeping in check however.
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Good luck with that, have you seen how they evade tax and our governments opposition to holding them to account....
 
SpellowHouse said:
GOOD GRIEF!
I recently bought a box of Shredded Wheat. I was horrified by the size of them!!! They are tiny now. I could eat four!




Even the large supermarkets are bleeding the public dry. I have stopped buying all pet food now from the UK. I can buy it from Amazon (and that comes from the EU) at 25% less than I can buy it from any UK supermarket.
My issue with the government is that they point-blank refuse to intervene even in extraordinary times. I can understand that it's not the Tory way, but exceptional times require exceptional measures, and by refusing to step in they are going to pay the price in the next election.
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You do realise that pet food has VAT on it?
 
[ need to get rid of some of these pets
jpaul said:
that's low hanging fruit - the environmental hit of pets - enormous
..

49233522111_2b6622629f_c_d.jpg
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]

Meanwhile, apparently, Tesco's tomorrow to pick up an old school Mars bar - hopefully the start of the war on shrinkflationwoke
 
I been trying to remember how much these cereals cost a few years ago
(Now £4 Per box unless their on an offer :( )

Kellogg Rice Krispies 510g £4.00
Kellogg Crunchy Nut 500g £4.00

The sugar i buy has doubled in price in about a year to 18 months from £1.15 to £2.31
 
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nothing to see here

An analysis of supermarket sales transactions shows the UK experienced the steepest increases across most of ten major product groups compared with an average of prices in Germany, France, Italy, Spain and the Netherlands. Milk and cheese prices jumped the most in the year to March, but pet food, laundry detergent, infant formula and diapers also recorded more marked increases than in Europe, according to data provider Circana.

Britain is largely outpacing Europe too on a price per unit basis. For example, UK shoppers pay €5.06 ($5.45) per container of laundry detergent compared with €2.68 in Spain.

52939679849_90d69e293e_o_d.jpg


... takeaway/pets are luxuries.
 
jpaul said:
nothing to see here

An analysis of supermarket sales transactions shows the UK experienced the steepest increases across most of ten major product groups compared with an average of prices in Germany, France, Italy, Spain and the Netherlands. Milk and cheese prices jumped the most in the year to March, but pet food, laundry detergent, infant formula and diapers also recorded more marked increases than in Europe, according to data provider Circana.

Britain is largely outpacing Europe too on a price per unit basis. For example, UK shoppers pay €5.06 ($5.45) per container of laundry detergent compared with €2.68 in Spain.

52939679849_90d69e293e_o_d.jpg


... takeaway/pets are luxuries.
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Living seems to be a luxury in the UK
 
"The UK has the highest food inflation rate in the industrialised world, according to recent data. The LSE researchers calculated the cost of food in the UK had rocketed by 25% since 2019, but this would have been only 17% without post-Brexit trade restrictions, nearly a third lower."

I guess securing our borders and sovereignty (leading to record numbers of migration) comes at a cost eh.
 
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sigma said:
"The UK has the highest food inflation rate in the industrialised world, according to recent data. The LSE researchers calculated the cost of food in the UK had rocketed by 25% since 2019, but this would have been only 17% without post-Brexit trade restrictions, nearly a third lower."

I guess securing our borders and sovereignty (leading to record numbers of migration) comes at a cost eh.
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That's the problem, we haven't secured our borders. We now have more mouths to feed and higher demand generally means higher prices.
 
SpellowHouse said:
Even the large supermarkets are bleeding the public dry. I have stopped buying all pet food now from the UK. I can buy it from Amazon (and that comes from the EU) at 25% less than I can buy it from any UK supermarket.
My issue with the government is that they point-blank refuse to intervene even in extraordinary times. I can understand that it's not the Tory way, but exceptional times require exceptional measures, and by refusing to step in they are going to pay the price in the next election.
Click to expand...

If you believe that large supermarkets are bleeding the public dry, nothing wrong with having that as a hypothesis or assumption

Your next step would be to look at financial statements from say Tesco, and Sainsburys, and if you do that you will find that, margins have declined, thus gross/net profit is less in 2022 compared to 2021.

And so the answer is no, what you've done is just take an assumption or idea and declare it as fact, the above information i just quickly searched in 2 minutes.

You cannot put caps on food, the result of that will be people stop doing things that are not profitable. You'll go from food being too expensive, to food being scarce.

Its government intervention thats bleeding the public dry, the covid lockdowns and the resultant money printing/furlough schemes, destruction of the economy that have resulted in todays situation.

The biggest problem is the cycle of government intervention causing problems which causes people to want more government intervention because politicians manage to blame someone else, or mostly, the "other" party.
 
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