Inflation

I noticed museli went up from 2.29 to 2.37

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.

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.

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

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

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

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.

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

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

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

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

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

Saw that. Another 50% increase

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.

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