> Figures this week from the Office for National Statistics revealed food and drink price inflation soared to 5.9% in March, the highest for more than a decade – but analysts say worse is to come
> Many forecasters fear the food inflation rate will top 7% in the coming months.
> One analyst, Clive Black of Shore Capital, said it could leap as high as 12% over the summer, with milk alone up 30%.
I just feel bad for the hundreds of thousands if not millions this will hurt. I wonder how much of a loss all of these business will take because of this. Or should I say less profit.
People are struggling enough. How are they expected to cope?
I hope i’m wrong but i fear that once these prices are baked in and the public get forced into paying them, we’ll never see them fall again.
Doubt we’ll see any of these companies passing on savings the way they have passed on the increased costs. The future just got more bleak…
It’s a strange old situation.
Everyone will grumble – and some will only pretend, as they know they won’t notice 10p more for a pint of milk. But all the right noises are being made.
We’d like cheaper food prices for sure (just like we’d all like to be a bit fitter or smarter) but really when it comes down to action, we’re ok with the situation.
Grumble shrug grumble, move on. Let the poor rot as long as we dont have to see it.
See how many people run up debt on credit cards now.
Defaults on cars, credit cards, rents, mortgages, loans etc.
That’s what’s gunna happen.
Inflation went from around 2% to around 8% in 3 months. It was never going to stop there.
There are already examples of fairly ordinary foods that have gone up by a lot more.
And the figure that is being quoted is the annual figure, which always lags the true situation. Prices have gone up by 6% in the last 3 months, and if that continues we could be looking well into double figures over 2022.
So how small are my friend breakfasts going to get for the same price? 🤔 I’d lose the tomato but not prepared to lose the sausages tbh.
This government and monarchy need to be thrown away into the garbage bin.
Farmers here are being pushed to their limits, with costs of raw materials skyrocketing and a mass labour shortage, this will mean relying more and more on imports. It is going to get so much worse than the 10-20p rises we are already seeing in shops.
It was about to face a cost of living crisis, and the currency doubled
Global food production is reaching limits and declining as climate disasters worsen. Fertiliser shortages and energy input increases are also having a massive impact. An the fact is these are not transitory issues but foundational issues that will not be reversed as we reach the limits of fossil fuel extraction and distribution, and the climate continues to worsen. Our government has multiplied the problems with poor planning, resilience and political decision making. This is a time of great change, a reversion to precovid norms is one of the less likely outcomes.
What I find particularly odd is that my company is raising the prices of meals but our wages haven’t moved in ages…..
I had ways to ameliorate it it but certain things seem to have just disappeared from shelves altogether.
I’ve just done my fortnightly online shop. I usually spend around £100 and I’m able to kit myself out with what I need, but I’m having to scale back massively at the moment. Economy prices are now own brand prices. Lots of items aren’t available.
I know this isn’t a major issue, but it is another thing to worry about on top of a whole bunch of other things. I do wonder at this point if I’ll ever reach that dream of owning my own house somewhere. At this point I’m considering fucking off over to Canada if CANZUK ever becomes a thing.
At least the weather’s nice.
Companies taking advantage, there’s no way the production is costing as much as the increases are
With these prices well be forced to buy the cheapest stuff available which means the poorest quality.
Healthy living won’t exist .
Why can’t the Tories help…
Considering how high foodbank usage has soared since just 2020, I think this is gonna start causing serious problems. People cannot afford this shit for long. High food prices, high electricity prices, high petrol prices, high gas prices, etc etc.
Have a sinking feeling this will be here to stay in some form or another forever now.
Some Tory figures are saying they expect riots in winter as a result of this stuff and the heating costs.
This is collapse.
For 45 years we, (as a species), have been told that our way of living is unsustainable.
As a species we have ignored these warnings. Now you can blame who you like, It doesn’t matter now. The facts are that the energy and resources required to maintain global capitalism are running out, as successive strains on the global supply chains that keep us fed and fuelled are eroded.
This is not temporary, this is capitalism coming up against the limit that physics imposes on infinite growth on a finite resource.
Supermarkets making record profits but forcing us to pay more for the same stuff because of “inflation” and the cost of living crisis.
Something isn’t adding up. They made major profits without increasing the price of food…
21 comments
> Figures this week from the Office for National Statistics revealed food and drink price inflation soared to 5.9% in March, the highest for more than a decade – but analysts say worse is to come
> Many forecasters fear the food inflation rate will top 7% in the coming months.
> One analyst, Clive Black of Shore Capital, said it could leap as high as 12% over the summer, with milk alone up 30%.
I just feel bad for the hundreds of thousands if not millions this will hurt. I wonder how much of a loss all of these business will take because of this. Or should I say less profit.
People are struggling enough. How are they expected to cope?
I hope i’m wrong but i fear that once these prices are baked in and the public get forced into paying them, we’ll never see them fall again.
Doubt we’ll see any of these companies passing on savings the way they have passed on the increased costs. The future just got more bleak…
It’s a strange old situation.
Everyone will grumble – and some will only pretend, as they know they won’t notice 10p more for a pint of milk. But all the right noises are being made.
We’d like cheaper food prices for sure (just like we’d all like to be a bit fitter or smarter) but really when it comes down to action, we’re ok with the situation.
Grumble shrug grumble, move on. Let the poor rot as long as we dont have to see it.
See how many people run up debt on credit cards now.
Defaults on cars, credit cards, rents, mortgages, loans etc.
That’s what’s gunna happen.
Inflation went from around 2% to around 8% in 3 months. It was never going to stop there.
There are already examples of fairly ordinary foods that have gone up by a lot more.
And the figure that is being quoted is the annual figure, which always lags the true situation. Prices have gone up by 6% in the last 3 months, and if that continues we could be looking well into double figures over 2022.
So how small are my friend breakfasts going to get for the same price? 🤔 I’d lose the tomato but not prepared to lose the sausages tbh.
This government and monarchy need to be thrown away into the garbage bin.
Farmers here are being pushed to their limits, with costs of raw materials skyrocketing and a mass labour shortage, this will mean relying more and more on imports. It is going to get so much worse than the 10-20p rises we are already seeing in shops.
It was about to face a cost of living crisis, and the currency doubled
Global food production is reaching limits and declining as climate disasters worsen. Fertiliser shortages and energy input increases are also having a massive impact. An the fact is these are not transitory issues but foundational issues that will not be reversed as we reach the limits of fossil fuel extraction and distribution, and the climate continues to worsen. Our government has multiplied the problems with poor planning, resilience and political decision making. This is a time of great change, a reversion to precovid norms is one of the less likely outcomes.
What I find particularly odd is that my company is raising the prices of meals but our wages haven’t moved in ages…..
I had ways to ameliorate it it but certain things seem to have just disappeared from shelves altogether.
I’ve just done my fortnightly online shop. I usually spend around £100 and I’m able to kit myself out with what I need, but I’m having to scale back massively at the moment. Economy prices are now own brand prices. Lots of items aren’t available.
I know this isn’t a major issue, but it is another thing to worry about on top of a whole bunch of other things. I do wonder at this point if I’ll ever reach that dream of owning my own house somewhere. At this point I’m considering fucking off over to Canada if CANZUK ever becomes a thing.
At least the weather’s nice.
Companies taking advantage, there’s no way the production is costing as much as the increases are
With these prices well be forced to buy the cheapest stuff available which means the poorest quality.
Healthy living won’t exist .
Why can’t the Tories help…
Considering how high foodbank usage has soared since just 2020, I think this is gonna start causing serious problems. People cannot afford this shit for long. High food prices, high electricity prices, high petrol prices, high gas prices, etc etc.
Have a sinking feeling this will be here to stay in some form or another forever now.
Some Tory figures are saying they expect riots in winter as a result of this stuff and the heating costs.
This is collapse.
For 45 years we, (as a species), have been told that our way of living is unsustainable.
As a species we have ignored these warnings. Now you can blame who you like, It doesn’t matter now. The facts are that the energy and resources required to maintain global capitalism are running out, as successive strains on the global supply chains that keep us fed and fuelled are eroded.
This is not temporary, this is capitalism coming up against the limit that physics imposes on infinite growth on a finite resource.
Supermarkets making record profits but forcing us to pay more for the same stuff because of “inflation” and the cost of living crisis.
Something isn’t adding up. They made major profits without increasing the price of food…