Yes, but this is telling ” cut the price of some own-brand milk, butter and bread”. Shops wil only drop prices if the cost to make those prices drop. It doesn’t seem like suppliers are passing on those cost decrease yet. You can blame the supermarkets as much as you want but people need to be asking questions of the people that produce these products. You can see the IFA freaking out every time there’s talk of retail food price drops when in reality it doesn’t effect them.
“And the question remains as to why retailers follow each other in replicating price cuts”
You don’t want to be beaten if the price drops but you don’t necessarily want to invest to go deeper so just negate the price drop. If prices go up it could be because they are too cheap for no reason and not seeing the benefit of the additional sales so why bother being cheaper if it’s not making a difference. Ultimately these kind of questions give the impression that journalists don’t really know what they are talking about.
“The suspicion is everyone is holding back as long as possible on reducing prices, then they all act in concert. It’s the same as the banks delaying in passing on interest rate hikes to savers.”
Suspicion? They’ll most likely all get a price drop from the supplier at the same time and the shops will pass it on. They don’t intermingle.
Yes
I do think Tesco and all the uk based retailers are applying uk inflation pricing in their Irish operations. This could kill off Tesco as dunnes €10 back on every €50 spent is much better value.
All the Government’s talk is optics
90% of all statements from the governement are just optics, the other 10% are straight up lies.
>Is the government talk ~~on supermarkets~~ just optics?
Yes.
Id say the next two weeks will tell alot.
Of course. They couldn’t care less.
What safe domestic target can we have a go at to make us look like the people’s champion?
Hmmm, not many grocers in the Dail I’d say.
Yes food is pricey but at least there are generally cheaper options. If they tackled the real gougers like insurers and lenders the people might see some benefit.
Optics or Otics, which is correct. Come on all you grammar students.
they’ve given the PR machine 6 weeks to spin up some bullshit explanation of why it’s right and proper that they be allowed continue fuckin us over
I run a brewery- we have been told that supermarkets will not accept any price increases- any attempts and we will be delisted. Very difficult as our input costs have jumped massively. They have massive power so we just have to suck it up!
Throw the proles a few crumbs of supermarket-government waffle and continue on as normal.
Guffaw.
Double prices, discount 50%. Win.
Varadkar in the last year or two has definitively crosse the Boris/Trump/etc line of “assuming he’s lying through his teeth on any given matter until/unless it actually happens.”
So… Yes.
It’s not just talk. They’ll do something just like when they implemented the windfall tax on energy companies
Absolutely
Considering that is literally the only thing this government does, it is not much of a stretch to imagine its the same thing as always.
100%.The main driver of cost of living is housing costs very much linked to Gov policy.Wages havent kept up with inflation. People are spending so much on housing either rent or purchasing,that they are increasingly turning to,for example, food banks to make up the gap.There is research on this.This is PR bullshit.
Shaving cents off bread isn’t gonna do much. Focus on the housing crisis, that’s where people are losing real money.
23 comments
Yes.
It’s wank material for Neale
Correct
Yes, but this is telling ” cut the price of some own-brand milk, butter and bread”. Shops wil only drop prices if the cost to make those prices drop. It doesn’t seem like suppliers are passing on those cost decrease yet. You can blame the supermarkets as much as you want but people need to be asking questions of the people that produce these products. You can see the IFA freaking out every time there’s talk of retail food price drops when in reality it doesn’t effect them.
“And the question remains as to why retailers follow each other in replicating price cuts”
You don’t want to be beaten if the price drops but you don’t necessarily want to invest to go deeper so just negate the price drop. If prices go up it could be because they are too cheap for no reason and not seeing the benefit of the additional sales so why bother being cheaper if it’s not making a difference. Ultimately these kind of questions give the impression that journalists don’t really know what they are talking about.
“The suspicion is everyone is holding back as long as possible on reducing prices, then they all act in concert. It’s the same as the banks delaying in passing on interest rate hikes to savers.”
Suspicion? They’ll most likely all get a price drop from the supplier at the same time and the shops will pass it on. They don’t intermingle.
Yes
I do think Tesco and all the uk based retailers are applying uk inflation pricing in their Irish operations. This could kill off Tesco as dunnes €10 back on every €50 spent is much better value.
All the Government’s talk is optics
90% of all statements from the governement are just optics, the other 10% are straight up lies.
>Is the government talk ~~on supermarkets~~ just optics?
Yes.
Id say the next two weeks will tell alot.
Of course. They couldn’t care less.
What safe domestic target can we have a go at to make us look like the people’s champion?
Hmmm, not many grocers in the Dail I’d say.
Yes food is pricey but at least there are generally cheaper options. If they tackled the real gougers like insurers and lenders the people might see some benefit.
Optics or Otics, which is correct. Come on all you grammar students.
they’ve given the PR machine 6 weeks to spin up some bullshit explanation of why it’s right and proper that they be allowed continue fuckin us over
I run a brewery- we have been told that supermarkets will not accept any price increases- any attempts and we will be delisted. Very difficult as our input costs have jumped massively. They have massive power so we just have to suck it up!
Throw the proles a few crumbs of supermarket-government waffle and continue on as normal.
Guffaw.
Double prices, discount 50%. Win.
Varadkar in the last year or two has definitively crosse the Boris/Trump/etc line of “assuming he’s lying through his teeth on any given matter until/unless it actually happens.”
So… Yes.
It’s not just talk. They’ll do something just like when they implemented the windfall tax on energy companies
Absolutely
Considering that is literally the only thing this government does, it is not much of a stretch to imagine its the same thing as always.
100%.The main driver of cost of living is housing costs very much linked to Gov policy.Wages havent kept up with inflation. People are spending so much on housing either rent or purchasing,that they are increasingly turning to,for example, food banks to make up the gap.There is research on this.This is PR bullshit.
Shaving cents off bread isn’t gonna do much. Focus on the housing crisis, that’s where people are losing real money.