Boom: Food Inflation Down

[JustKeepSwimming]

says a lot about voters.

But Labour believe borrowing more is a good idea...

I don't think they do, and even if they did I don't think they are necessarily wrong.

This is supply side inflation, not demand. Best way to inceease supply is investment.

[vetran]

Which of you said this?

Most voters wrongly think Sunak's halving inflation pledge would stop prices going up, poll suggests



Source: The Guardian https://www.theguardian.com/politics...-politics-live

says a lot about voters.

But Labour believe borrowing more is a good idea...

[dsc]

Which of you said this?

Most voters wrongly think Sunak's halving inflation pledge would stop prices going up, poll suggests



Source: The Guardian https://www.theguardian.com/politics...-politics-live

No surprise there

[SueEllen]

Which of you said this?

Most voters wrongly think Sunak's halving inflation pledge would stop prices going up, poll suggests

But potentially a more serious problem is that the pledge has created unrealistic expectations. Halving inflation will not mean that prices go down. But when Survation asked people what it would mean in practice, most people wrongly said that the pledge would either mean prices going down (32%) or staying the same (31%). Only 23% said that this still meant prices would go up.

Source: The Guardian https://www.theguardian.com/politics...-politics-live

[Gibbon]

Yeah why are they so strong? They use to be 10-11% then over the years they have crept up to 14-15%.

Catering to demand, mainly LM

[SueEllen]

IIRC UK wine is commonly around the 14% mark on average now which is quite different from what you might find abroad. Far fewer are in the 12-13% I prefer personally.

Yeah why are they so strong? They use to be 10-11% then over the years they have crept up to 14-15%.

[d000hg]

Reducing ABV is probably a good thing all round. It's somewhat interesting (to me at least) that the ABV of beers, ciders, wines varies over time and location for cultural as well as financial/legal reasons. I just about recall when quite a lot of beers and wines were just shy of 4%, then it because the trend they all moved to 5%... then we had Becks Vier use the lower 4% as a feature, and a bit of backtracking.
IIRC UK wine is commonly around the 14% mark on average now which is quite different from what you might find abroad. Far fewer are in the 12-13% I prefer personally.

[SueEllen]

I'm sure I read a story that some supermarkets WERE dropping prices... can't find it now

Sure it isn't shrinkflation?

As well as smaller sizes they are making weaker beer.

https://www.telegraph.co.uk/business...-cost-cutting/

Between soaring energy bills, rising mortgage rates, and products on supermarket shelves getting smaller, people seem to be getting less for their money wherever they look.

Yet even those hoping to drown their sorrows may struggle: some of Britain’s best-known beers are being made weaker in a trend that has been dubbed “drinkflation”.

Fosters, Spitfire, Old Speckled Hen, and Bishop’s Finger are among the tipples that have had their alcohol content, or ABV (alcohol by volume), slashed over recent months as brewers scramble to cut costs in their own inflation squeeze.

[JustKeepSwimming]

I'm sure I read a story that some supermarkets WERE dropping prices... can't find it now

up to 25% on some 'necessities'. Totally not in response to competition commission beginning an investigation into them.

[d000hg]

I'm sure I read a story that some supermarkets WERE dropping prices... can't find it now

[SueEllen]

Far too many. March 22+ is when the fun really started with food prices. If the next quarters figures don't drop significantly, well who needs food.

Qu'ils mangent de la brioche!

[JustKeepSwimming]

Curious how many people will read this as: "food prices are dropping"...

Far too many. March 22+ is when the fun really started with food prices. If the next quarters figures don't drop significantly, well who needs food.

[dsc]

Curious how many people will read this as: "food prices are dropping"...

[SueEllen]

Ok it is really a doom.

https://www.theguardian.com/business...ns-high-kantar

Supermarket inflation has eased to its lowest level this year but remains high, forcing people to change how they eat and cook as household budgets are strained, according to the data firm Kantar.

Annual grocery inflation in Great Britain declined to 16.5% in the four weeks to 11 June, down from 17.2% last month and a record 17.5% in March. It remains at its sixth-highest level since the financial crisis in 2008, Kantar said. The biggest price rises were for eggs, cooking sauces and frozen potato products.


The figures come a day before the official UK data on inflation, which is expected to show an easing to 8.4% in May from 8.7% in April, when food and drink prices rose at an annual rate of 19.1%.