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

GaryTheSnail said:
I recon it’s just the UK.
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We're not experiencing shrinkflation in Austria, but inflation is rife. The 1l supermarket own brand orange juice I regularly buy has had multiple price increases for example over the last 2 years.

1.59
1.79
1.99
2.19
It's now 2.29

Rupp cheese spread:

1.79
1.99
2.39
2.59
2.99

It would be alright if it was a few select products but it's across the board - these are just a couple of items I buy a lot and therefore notice.
 
Mysterae_ said:
Cost to insure 3 cars for 2 drivers last year - £673
Cost to insure the exact same this year - £974

That's a 45% increase. This is not because of the war in Ukraine, the fallout from covid or even inflation, it's sheer bloody corporate greed.
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Going to be interesting to see what my next renewal will be - I have several vehicles on Admiral MultiCar so will be a bit of a pain if there is a significant increase having to go through them all - I've been getting automated emails back from confused.com based on previous searches which shows I can get insurance close to what I'm currently paying if it comes to it, at least based on those quotes.

I'm really hoping they don't play silly games as I really like the service I get with Admiral but I'll drop them in a heartbeat if for nothing else than principle if the prices go up silly amounts.
 
Food in Sweden is upto a 100% increase on some products
most things 25% minimum it feels like
I used to buy a really nice Hot sauce for 10kr its now 15kr... pennies but 50% :p
Prices are coming down on staples but they are still much higher.
Swedes are a lot like Brits, moan about it but thats it.


Public Transport costs have held steady
diesel Fuel is about a 33% increase . Im not sure what percent of that is tax but its a joke.
Electric is mercifully cheap. It got a bit gnarly last winter but relatively speaking its ok
The Swedish Krona is so weak.... Ive watched it go from 10 to a £ to now Hovering 14/13Kr its awful for me.... Now..Ive moved everything i own into Krona :(

Mortgage rates too obviously are spiraling up
3 month unfixed is now just shy of 6%
longer fixed are between 4.5-5
thank god ours is relatively tiny too compare to UK/London numbers.
 
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Mysterae_ said:
Cost to insure 3 cars for 2 drivers last year - £673
Cost to insure the exact same this year - £974

That's a 45% increase. This is not because of the war in Ukraine, the fallout from covid or even inflation, it's sheer bloody corporate greed.
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Mine's gone up the same. In their defense, car insurer's margins are normally small, I don't think it's just down to greed.
Cars are getting more and more expensive to repair/buy. A headlight unit that might have cost £250-£500 can now cost thousands. They have more sensors and expensive electronics, and are generally getting bigger.
Labour costs more. Hire cars cost more and people have them for longer due to shortages and repair backlogs.
We still have a large fraud problem, cash for crash and credit hire scams etc.
 
Not sure if these have been covered already, but bought some multi pack Gold bars and Kit Kat's as have my daughter staying with me for a couple of weeks over holidays. Don't usually buy these, so first time for a while and OMG they are tiny. The Gold bars might as well have come out of a box of Hero's they are that small. Beyond a joke.

Surely the manufacturers must realise that they are beyond the smallest they can get away with now?
 
BDEE said:
Not sure if these have been covered already, but bought some multi pack Gold bars and Kit Kat's as have my daughter staying with me for a couple of weeks over holidays. Don't usually buy these, so first time for a while and OMG they are tiny. The Gold bars might as well have come out of a box of Hero's they are that small. Beyond a joke.

Surely the manufacturers must realise that they are beyond the smallest they can get away with now?
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Like they care.
 
Had seen that vegan foods have seen higher rises than other products, quinoa and lentils I buy from Amazon reflect that, so, you have to pay for a full vegan diet.


Vegan products have seen price hikes of 18% on average across UK supermarkets Tesco, Asda and Iceland, new research shows.

According to analysis by the Evening Standard of over 100 products at these grocery retailers, it found that plant-based pizza prices had risen by 42%, with vegan cheese up 28%.

Plant-based alternatives to meat, ice cream and milk have also risen between 19% and 25% over the past year.
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but schadenfreude on beyond meat/heck segment products apparently loosing sales - I think they were always milking the (half?) vegan consumer, lots of carnivorous shareholders


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anyway todays analysis said it all

www.niesr.ac.uk

UK Heading Towards Five Years of Lost Economic Growth - NIESR

UK GDP is currently (2023 Q1) 0.5 per cent below the level of GDP before the pandemic. Our forecast does not have it passing this level until the third quarter of 2024.
www.niesr.ac.uk www.niesr.ac.uk

  • Low economic growth and stagnant productivity is increasing the financial vulnerability of households in the bottom half of the income distribution and the incidence of destitution at the poorest end. Our projections for the General Election year of 2024 suggest that inequalities of income and assets will grow, with little real income growth for many, low or no savings, higher debt, as well as elevated housing, energy and food costs. As a consequence, the shortfall in the real disposable incomes of households in the bottom half of the income distribution is set to reach some 17 per cent in the period 2019-2024.
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I know a few veggies and vegans who do not eat any of these meat free style meat things. They eat loads of veg, pulses and grains. Before you say - how boring. No I have eaten some of their homemade food and is beaut.

No idea how if they ever need a colonoscopy like I will be booking mine tomorrow, they need to go on a low residue diet a 2-4 days before and NO fruit n veg, NO pulses NO herbs and NO wholemeal/brown grains and cereals. Probably only can have soya and rice milks.

I hate the low residue diet. Eating white bread, coco pops and other things I don't eat.
 
Rroff said:
Going to be interesting to see what my next renewal will be - I have several vehicles on Admiral MultiCar so will be a bit of a pain if there is a significant increase having to go through them all - I've been getting automated emails back from confused.com based on previous searches which shows I can get insurance close to what I'm currently paying if it comes to it, at least based on those quotes.

I'm really hoping they don't play silly games as I really like the service I get with Admiral but I'll drop them in a heartbeat if for nothing else than principle if the prices go up silly amounts.
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Prepare yourself, the prices I gave were from Admiral and they were the cheapest of all the usual suspects.

I have house insurance to sort next month and I think it'll be the same story.
 
ultimately it's the weight of the fish that counts - and unlike buying a pint of beer, no particular uk legislation for chip shop to say what you will get
anyway, our local fish shop doesn't cook on demand - they want to palm you off with something they prepared earlier - so we walked.

relations have switched from occasional fish and chips to real pieces of frozen breaded fish you can do in the oven - just like drinking at home.
 
Mysterae_ said:
Prepare yourself, the prices I gave were from Admiral and they were the cheapest of all the usual suspects.

I have house insurance to sort next month and I think it'll be the same story.
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Admiral taking the **** this year, I had three cars on the multicar last year, £1200 total (up almost £200 from previous year but I renewed anyway for handiness). This year I took one of the cars off as daughter now on her own policy having passed her test.
Admiral sent me the renewal for over £1700. I've since been on comparison sites and can get insured for less than last year's renewal. I noticed windscreen and main policy compulsory excesses have risen compared to previous policies.
 
Paracelsus said:
Mine's gone up the same. In their defense, car insurer's margins are normally small, I don't think it's just down to greed.
Cars are getting more and more expensive to repair/buy. A headlight unit that might have cost £250-£500 can now cost thousands. They have more sensors and expensive electronics, and are generally getting bigger.
Labour costs more. Hire cars cost more and people have them for longer due to shortages and repair backlogs.
We still have a large fraud problem, cash for crash and credit hire scams etc.
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Admiral was asking me for a 45% increase too! Found a better deal using meerkats. Couldn't believe they valued my car at £19000 i bought it second hand for £27000 ten years ago!! They also told me because of their valuation it had to be fully comp!!
 
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