Inflation

I noticed museli went up from 2.29 to 2.37

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

I vaguely remember those rates being advertised. So that would be bit more than 8% annual. 5 years is grand for a person coming up to retirement but might not suit everyone.

But did deposit rates beat inflation when it was high? I don't mean spikes - I mean the years when "normal" was a higher level. Before we got cheap Euro money.

Some adult incontinence products (that weren't cheap in the first place) have increased by over 30% in the last month in Tesco. As this is AH I expect jokes but this really is no joke for elderly and disabled people who need them Also, it affects everyone if the HSE is having to pay out more public money for similar products.

An inflationary spiral is a bad, bad thing for many. The more complex your family situation (e.g. single parents of young kids), the worse it is.

For those with savings, I expect token interest rate rises that won't come close to matching inflation.

What can people do? Adopt an anti consumerist mentality. Adjust lifestyle as much as possible. No more skysports, Apple products, breakfast cereals (Kelloggs muck) alcohol. There is no need to be showering every day, that is sheeple thinking. Also If you eat a good diet you'll rarely need toilet paper - I haven't wiped my arse for over a year.

It was no spike and that was an example. Yes they beat inflation. But you're determined it was otherwise.

Strange conclusion Jim. I only asked you a genuine question. I was not around when there was high inflation in the likes of the 80's. I get the impression that it was fairly consistently high which is why I asked about those time periods rather than maybe an abnormal "spike" (When the Euro came in, prices jumped because of that so I was not referring to those). We've also had a spike in the last year. It remains to be seen how long it persists, even though it looks likely to

Dont buy toothpaste either.

Gingivitis is all the rage now I hear.

So would it be your position that if Ireland had had no lockdowns, that inflation would not be an issue now?

If no lockdown, most businesses would have been closed anyway. Health services would not have been able to cope. The manpower directed to vaccine rollouts would have been needed in emergency wards. Workplaces would have still had to deal with massive outbreaks. People wouldn't have been going out to the likes of pubs anyway

Yes it's more the cartell practice that they are all selling for exactly €1.69 when marketing and distribution costs would all be different.

or price matching. Margins on milk are miniscule. Its a key "attention" product. Most stores will match each other.

95p (€1.14) for a 1.13 litres (2pints) in tesco here in NI, so 95c for a litre is cheaper than the UK, also cheaper than France (€1.05 for own brand)

from 44c for farmer to 95c pasteurised, packaged and delivered to a store, hardly the work of a cartel