I don’t want to be funny, but Sky really should have included the 5th reason alongside the 2nd and 3rd reasons….
On another note some of the individual inflation rates are insane:
>
– Olive oil 49.2%
>
> – Sugar 42.1%
>
> – Low-fat milk 38.8%
>
> – Whole milk 37.9%
>
> – Sauces, condiments, salt, spices & culinary herbs 33.7%
>
> – Cheese & curd 33.6%
>
> – Eggs 32.0%
>
> – Frozen vegetables other than potatoes 30.2%
> – Pork 25.2%
Profits son! They rise in response to engineered shortages!
And yet no mention of record profits for certain large retailers
Curious how they’d omit that ….
There’s arguments to be made about the food producers and suppliers having increased costs, which is valid, and a general profit percentage on items for the supplier/retailer would be more indicative of whether there is rampant price gouging, as many suspect.
The key point is, these figures are going up by this amount *per month*, and pay increases are generally annually. And, at least in my part of the private sector, not anywhere near the rate of inflation. As for the public sector, well, after splurging billions on pet projects that were failures or ridiculously overcomplicated or overpriced for what they were supposed to deliver, the government suddenly can’t afford anything like decent pay rises or acceptable working conditions and investment.
They’ve underfunded and underinvested in every public sector for years, during some rather good economic times, and now the backlog payment is coming due, they’re crying poverty. But this, so they’re always happy to shout, is the party of “Fiscal responsibility!”
[deleted]
Profit. Yes costs have risen, but not by as much as the price increases would have you believe.
To get down to basics supply cannot meet demand, (you will note I have not said demand has increased), it’s also why raising interests rates cannot work because the inflationary pressure is caused by supply side issues, not increasing demand.
This is entirely predictable, climate change beginning to work it’s magic and a decrease in availability of artificial fertiliser. I’m sure companies are trying to profit as well, but this is systemic, and is indictive of collapse. It’s only going to get worse.
If energy costs are 300% up from July 21 everything else is still catching up
Brexshite the gift that just keeps on giving.
Tis strange no other EU country is going through this .
Thanks morons .
The rate of inflation will decrease but costs are never coming down, which just adds insult to injury. The era of cheap food is over in the UK, however we do not have the wages to match increases and companies/the government are going to fight tooth and nail to avoid paying us what we are worth. It will be interesting to see what happens but I can see shoplifting rise in the short term at least.
Profits and no political will in either house of parliament to stop them.
The very people who inform you about the world are the same people who are profiting, funny that isn’t it
They haven’t been producing fertiliser, there’s no food left, they’re artificially raising energy prices so it becomes too expensive to produce with all the long supply lines for it, so they’re in effect artificially creating famines accross the world. Love the elites.
13 comments
I don’t want to be funny, but Sky really should have included the 5th reason alongside the 2nd and 3rd reasons….
On another note some of the individual inflation rates are insane:
>
– Olive oil 49.2%
>
> – Sugar 42.1%
>
> – Low-fat milk 38.8%
>
> – Whole milk 37.9%
>
> – Sauces, condiments, salt, spices & culinary herbs 33.7%
>
> – Cheese & curd 33.6%
>
> – Eggs 32.0%
>
> – Frozen vegetables other than potatoes 30.2%
> – Pork 25.2%
Profits son! They rise in response to engineered shortages!
And yet no mention of record profits for certain large retailers
Curious how they’d omit that ….
There’s arguments to be made about the food producers and suppliers having increased costs, which is valid, and a general profit percentage on items for the supplier/retailer would be more indicative of whether there is rampant price gouging, as many suspect.
The key point is, these figures are going up by this amount *per month*, and pay increases are generally annually. And, at least in my part of the private sector, not anywhere near the rate of inflation. As for the public sector, well, after splurging billions on pet projects that were failures or ridiculously overcomplicated or overpriced for what they were supposed to deliver, the government suddenly can’t afford anything like decent pay rises or acceptable working conditions and investment.
They’ve underfunded and underinvested in every public sector for years, during some rather good economic times, and now the backlog payment is coming due, they’re crying poverty. But this, so they’re always happy to shout, is the party of “Fiscal responsibility!”
[deleted]
Profit. Yes costs have risen, but not by as much as the price increases would have you believe.
To get down to basics supply cannot meet demand, (you will note I have not said demand has increased), it’s also why raising interests rates cannot work because the inflationary pressure is caused by supply side issues, not increasing demand.
This is entirely predictable, climate change beginning to work it’s magic and a decrease in availability of artificial fertiliser. I’m sure companies are trying to profit as well, but this is systemic, and is indictive of collapse. It’s only going to get worse.
If energy costs are 300% up from July 21 everything else is still catching up
Brexshite the gift that just keeps on giving.
Tis strange no other EU country is going through this .
Thanks morons .
The rate of inflation will decrease but costs are never coming down, which just adds insult to injury. The era of cheap food is over in the UK, however we do not have the wages to match increases and companies/the government are going to fight tooth and nail to avoid paying us what we are worth. It will be interesting to see what happens but I can see shoplifting rise in the short term at least.
Profits and no political will in either house of parliament to stop them.
The very people who inform you about the world are the same people who are profiting, funny that isn’t it
They haven’t been producing fertiliser, there’s no food left, they’re artificially raising energy prices so it becomes too expensive to produce with all the long supply lines for it, so they’re in effect artificially creating famines accross the world. Love the elites.