Inflation, 5% or is it?

[Moulin Yarns]

This is a very good read.


https://www.thepoke.co.uk/2022/01/20/jack-monroe-true-cost-inflation/

[Killiehibbie]

Obviously kept down by the cost of hand gel, dumbbells and men's lounge wear.
Food price inflation must be at its highest that I can remember.

[Billy Whizz]

Obviously kept down by the cost of hand gel, dumbbells and men's lounge wear.
Food price inflation must be at its highest that I can remember.

Supermarkets are at it too. Subtle price increases on certain lines, promotions withdrawn too, all adds up

https://www.thepoke.co.uk/2022/01/20/jack-monroe-true-cost-inflation/

[Skol]

I got my first energy bill since I moved off the tariff I was on to the variable rate. I am quite surprised that given it’s been pretty cold and heating used a lot as I wfh that I am paying the same monthly amount and only eaten £50 into the credit I had built up. I had expected the impact to much greater although I know a further increase is around the corner.

When I look at the costs to fix though they are eye watering. Ie more than double what I am paying for 12 monthly’s and over 2.5 times for a two year fix.

[JeMeSouviens]

I got my first energy bill since I moved off the tariff I was on to the variable rate. I am quite surprised that given it’s been pretty cold and heating used a lot as I wfh that I am paying the same monthly amount and only eaten £50 into the credit I had built up. I had expected the impact to much greater although I know a further increase is around the corner.

When I look at the costs to fix though they are eye watering. Ie more than double what I am paying for 12 monthly’s and over 2.5 times for a two year fix.

I think the price is capped until April then widely expected to go mental.

[Skol]

I think the price is capped until April then widely expected to go mental.

Yeah, when you see the fix offers available then it seems the worst is yet to come. Thankfully that ties in with the warmer weather (I hope) and so the main impact might be bearable until next winter.

[Killiehibbie]

Supermarkets are at it too. Subtle price increases on certain lines, promotions withdrawn too, all adds up

https://www.thepoke.co.uk/2022/01/20/jack-monroe-true-cost-inflation/


Most of the increases i've noticed are not subtle at all, 10-25% seems to be the range in supermarkets

[Crunchie]

Most of the increases i've noticed are not subtle at all, 10-25% seems to be the range in supermarkets
:agree: 50p - £1 on some items quite common now, gone are the days when things went up 1/2p and a penny :greengrin

[Hibrandenburg]

:agree: 50p - £1 on some items quite common now, gone are the days when things went up 1/2p and a penny :greengrin

I'm surprised you noticed any changes on your supermarkets crisis free shelves.

[Crunchie]

I'm surprised you noticed any changes on your supermarkets crisis free shelves.
Oh my :rolleyes:

[Moulin Yarns]

:agree: 50p - £1 on some items quite common now, gone are the days when things went up 1/2p and a penny :greengrin

Those suitcases full of wine for your 'work meetings' must be costing you a small fortune. 😉

[Jack]

Those suitcases full of wine for your 'work meetings' must be costing you a small fortune. 😉

Just imagine if the next scandal for the party party was that all these party foods and wines were on the company (government) credit card!

[Crunchie]

Those suitcases full of wine for your 'work meetings' must be costing you a small fortune. 😉
Confucius once said...... oh never mind you're not worth the effort :greengrin

[Killiehibbie]

Just imagine if the next scandal for the party party was that all these party foods and wines were on the company (government) credit card!

I'd be amazed if they spent their own money.

[Keith_M]

Confucius once said...... oh never mind you're not worth the effort :greengrin


Did Confucius really say that?

:dunno:

[Ozyhibby]

https://twitter.com/bootstrapcook/status/1486308687551553538?s=21

We’ll played.[emoji122][emoji122][emoji122]


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[Moulin Yarns]

https://twitter.com/bootstrapcook/status/1486308687551553538?s=21

We’ll played.[emoji122][emoji122][emoji122]


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Result. Close the thread!!

[danhibees1875]

https://twitter.com/bootstrapcook/status/1486308687551553538?s=21

We’ll played.[emoji122][emoji122][emoji122]


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Just got a text from EE saying my bill will be going up by CPI 5.4% (plus an extra 3.9%) - presumably next year when they will use this new fangled way of calculating CPI to show a larger %, then similar "increase by inflation" deals will be able to increase the bills by an even larger %?

Result! :greengrin

[JeMeSouviens]

Interest rates up to 0.5% with the Bank of England forecasting inflation will peak at around 7% this year. Further rate rises likely.

[JeMeSouviens]

Energy price cap going up 54% in April. Ouch.

Energy bills for the average customer on a default tariff will rise to £1,971 a year from £1,277

Rishi Sunak announces a £200 discount on all electricity bills - which will later be repaid - and a £150 council tax rebate for those in bands A to D

[JeMeSouviens]

FT political ed:


Jim Pickard @PickardJE

do the maths:

- NI rise & freezing income tax thresholds will cost typical household £600

- energy bills about to go up by £693

relief from Sunak:

- £200 (loan) for everyone

- extra £150 tax rebate for poorer households

ie most people still about £1,000 a year worse off

[Moulin Yarns]

Interest rates up to 0.5% with the Bank of England forecasting inflation will peak at around 7% this year. Further rate rises likely.

👍 'mon the savers 😉

[JeMeSouviens]

Ed Conway, Sky:


According to the Bank’s calculations, real post-tax labour income - perhaps the best measure of standards of living since it accounts for the rising tax burden as well as inflation and earnings - will fall by 2% in 2022
Biggest fall since comparable records began in 1990

[Ozyhibby]

https://twitter.com/edconwaysky/status/1489208574962249738?s=21


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[Paul1642]

I really hope that we do something slight difference to English council tax rebate for bands A-D. As I have previously winged about on the council tax thread my band E property is worth a considerable amount less than the property’s of many people I know on band D. Why should they get help I don’t. I can assure you that I don’t have a spare £600-700 a year for energy.

When Covid hit the government bent over backwards to throw cash at everyone who wanted it (I never got a penny). Why can’t they do the same now to help with this crisis.