https://www.bbc.co.uk/news/articles/c5ygdqp922vo
"Chocolate prices in the UK rose at the fastest pace on record in May as the overall cost of food continued to climb, official figures suggest.
The main rate of inflation remained at 3.4% in the year to May.
However, food prices grew for the third month in a row, as some economists speculated that businesses were passing on recent increases in employer National Insurance payments to customers."
Makes sense; my local supermarket has increased the price of a £1.50 chocolate bar to a whopping £1.90. I imagine that this significantly dents demand; certainly I'm not buying at that price. But it's the overall grocery inflation that's a problem.
While many permie employees I know are getting good (6%) pay rises, contractor rates seem to be stuck (for those even working). My (small) council pension inflation increase was a miserly 1.7% (since they chose the September 2024 CPI figure, which happened to be the lowest of the year).
Looks as if we have to contend with high 'inflation tax' for some time. While I can afford what I want, I've certainly cut back quantity. I bet I'm not alone.
"Chocolate prices in the UK rose at the fastest pace on record in May as the overall cost of food continued to climb, official figures suggest.
The main rate of inflation remained at 3.4% in the year to May.
However, food prices grew for the third month in a row, as some economists speculated that businesses were passing on recent increases in employer National Insurance payments to customers."
Makes sense; my local supermarket has increased the price of a £1.50 chocolate bar to a whopping £1.90. I imagine that this significantly dents demand; certainly I'm not buying at that price. But it's the overall grocery inflation that's a problem.
While many permie employees I know are getting good (6%) pay rises, contractor rates seem to be stuck (for those even working). My (small) council pension inflation increase was a miserly 1.7% (since they chose the September 2024 CPI figure, which happened to be the lowest of the year).
Looks as if we have to contend with high 'inflation tax' for some time. While I can afford what I want, I've certainly cut back quantity. I bet I'm not alone.
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