Inflation

Kermit.de.frog

Noticing the price of everyday items increasing. This will start to impact people sooner or later if it's not already.

And that's before interest rates rise this year. Could put up to €300 extra per month on a mortgage.

There's interesting times ahead.

Any items in particular you've noticed jump in the last few weeks/months?

Are you concerned about the increases? Myself I would say 'not yet' but if inflation hits double digits that's not something that can be ignored too long.

cnocbui

Hydrocarbons and stuff derived from them, like electricity.

Princess Consuela Bananahammock

I noticed museli went up from 2.29 to 2.37

sam t smith

A cod meal in Beshoff Bros went up by EUR 2 last month.

Freddiestar

Airport parking, used to be about 5 per day in Quikpark or similar price in Blue carpark, then up to 7 per day at start of 2022, now it's 12 per day. Quikpark is closed so no competition.

Roger Mellie Man on the Telly

6 pack of dog food went up a euro so had the old girl euthanised.

LarryGraham

The risk of prolonged stagflation is very real. Then it gets very "interesting" as central banks and monetary policy can do very little.

https://en.m.wikipedia.org/wiki/Stagflation#:~:text=In%20economics%2C%20stagflation%20or%20recession,lower%20inflation%20may%20exacerbate%20unemployment.

washman3

To all those gallant people who roared and shouted for strict lockdowns over the last 2 years, well here is your bill folks.!!

Suck it up and pay ladies and gentlemen.

There is no such thing as a free dinner...!!!

Housefree

Cans in Dealz gone from 3 for €1.50 to 2 for €1.50

sam t smith

https://www.boards.ie/discussion/comment/119026156#Comment_119026156

What about the dog?

Atlantic Dawn

Own brand 2 litre milks went from €1.49 across the board to €1.69 without much public moaning at all.

Tesco Luxury Toilet Roll went from €2.79 to €5 at the start of this week. Their cheap €2.29 toilet roll went to €4.

https://www.tesco.ie/groceries/en-IE/products/281055810

toyotatommy

Do you like dags?

SEPT 23 1989

The true figure is 20%+

people can literally feel themselves getting poorer as each week goes by

only way out of this now is a recession

squigglestrebor

https://www.boards.ie/discussion/comment/119026311#Comment_119026311

You think worldwide inflation is because Ireland had strict lockdowns? Give your head a wobble.

Mr. teddywinkles

https://www.boards.ie/discussion/comment/119026311#Comment_119026311

It's really nothing to do with that. Yes a little to do with production being shut down for a certain period and supply chain hold ups.

They printed too much money the last few years created out of thin air and fooked it around like confetti. End result.

Would have happened either way. Looking like ecb will follow suit with fed in US in raising interest rates.

Considering the stock markets is in severe volatility at the moment too.

Coupled with an energy crisis.

Things are going to get interesting.

donaghs

https://www.boards.ie/discussion/comment/119026660#Comment_119026660

And during the lockdowns, developed economies accelerated the money printing process with additional handouts to people and businesses affected by the lockdowns. in the US I think Biden's pandemic bill was 2 "Trillion" dollars.

Mr. teddywinkles

https://www.boards.ie/discussion/comment/119026672#Comment_119026672

Always find that funny when a leader of a country. makes announcements like that. As if introducing that amount of money into the system has no knock on affect.

Our lads were throwing billions around the last few years even before covid as if it was change from the lash the night before

Mongfinder General

It’s a good time to borrow on a fixed rate and use the money now. Paying the loan back will get easier as wages rise to meet the impact of inflation.

We had 12 years of no inflation/deflation. Given that wage levels were depressed in some sectors - pay rises during this period along with social welfare increases were real increases in income.

donaghs

Until quite recently people were still saying inflation was a thing of the past,

https://www.economist.com/special-report/2019/10/10/inflation-is-losing-its-meaning-as-an-economic-indicator

Last year David McWilliams was berating Pascal O'Donohoe for not borrowing and spending massive amounts of money due to "low interest rates".

This time its different.... etc

Donald Trump

https://www.boards.ie/discussion/comment/119026156#Comment_119026156

You could have just split up.

She was a cheap date all the same. Didn't even have to stretch to a happy meal

Jim_Hodge

With a bit of luck interest rates will rise enough to give a better return on savings, like in the 80's.

donaghs

https://www.boards.ie/discussion/comment/119026573#Comment_119026573

And Biden's spending plans (and previous admininistrations quantative easing) must have had no impact on inflation either. Its a "worldwide" issue.

https://thehill.com/opinion/finance/581101-voters-are-correct-biden-is-to-blame-for-inflation/

And Bertie Ahern's policies had no impact on the scale of the Great Recession in Ireland, it was global issue, the collapse of Lehman brothers was what undid all his good work.

Donald Trump

https://www.boards.ie/discussion/comment/119026718#Comment_119026718

Lockdown does not mean quantitative easing. They are two completely separate things.

road_high

Inflation is massive and in my experience way above the official headline figures. Example- my barber was €12 for a man’s cut pre covid. That went to €15 now €18- so a 50% increase in about 18 months.

road_high

https://www.boards.ie/discussion/comment/119026421#Comment_119026421

Saw that. Another 50% increase

combat14

looking recently at purchasing a toyota corrola car ...

first of all the price has gone up significantly, secondly the 1000 euro they gave with the purchase finance offer is gone, thirdly the interest rate on pcp has increased from 3.9-》4.9 to today 5.5%

in summary i think i wont bother going ahead with the purchase and just hold onto own car for another few years instead

Donald Trump

https://www.boards.ie/discussion/comment/119026717#Comment_119026717

Did they ever match inflation Jim? I know rates were mad high in the early 80's but how much were you able to get on savings?

The other thing as well is the DIRT eating into the interest as well.

PokeHerKing

Aldi/Lidl were supposedly raising prices by 30/40% across the board but I haven't noticed it in my weekly shopping yet.

I think gas/electricity and diesel are the only items Ive personally noticed. I think the next big item will be interest rates.

I've recently fixed for 5 years. I think that will be the best way the average joe can hedge against the rising tide.

https://www.boards.ie/discussion/comment/119026311#Comment_119026311

Pretty much this.

You can't scream for lockdowns for 2 years and then complain when the economy is f*cked.

Kermit.de.frog

Electricity is the big one I have noticed. It's the only one so far that has made me change my usage.

road_high

https://www.boards.ie/discussion/comment/119026756#Comment_119026756

Cars are mental. These would have listed maybe €22-25 k pre covid. Now €30k plus