Food Inflation to soar..... Due to bad weather.

Graham_Devon

Food inflation is certainly something very noticeable when you buy the same things in the supermarkets.

Anyone buy the plastic tubs of curry etc in tescos? Remember when they were £2.50 round 18 months ago?

Remember when they were £2.90 around 13 months ago?

Remember when they were £3 around 2 months ago?

Like them when they are £3.30 as of today?

I've seen this across a whole range of goods....however, I don't think this is truely cost pressures, as what I have also noticed is a move by all supermarkets to get you to buy more, by putting the price of a single item up, and putting it on a promotion. That promotion normally being "buy 2 for". In the case of the curries, is buy 2 for £6.

The whole process seems to be designed at the moment to whack up individual prices in order to get you buying higher quantities. Thing is, I dunno about anyone else, but £2.50 was acceptable. They were easy, quite nice with some microwave rice and could pop them in the freezer. They were worth £2.50. But at £3.30? Well, I walk past. Adding the price of the rice, the supermarket is getting close to the same price as having a takeaway curry.

On a seperate note, some of the "expensive" shops, such as Mccoys newsagents have cheaper meal deals now than tesco and sainsburys do.

Mr._Pricklepants

Graham_Devon wrote: »

Anyone buy the plastic tubs of curry etc in tescos?

No, I usually go to our local curry house, either Old Bengal or Mumbai Spice.

Wouldn't touch a Tesco curry tub with a barge pole.

John_Pierpoint

HAMISH_MCTAVISH wrote: »

Yes, apparently we've added billions and billions of raindrops to the water supply so inflation is inevitable.

For the second time in two days, I find myself on the same wavelength as Hamish:

Today, 9:27 AM
https://forums.moneysavingexpert.com/discussion/comment/58344887#Comment_58344887






How big is the annual deficit?
How much do we pay to the EU - gross & net?
What are we paying in buy now pay later PFI payments ?
What are the compulsory unmitigated payments ordered by the government to be added to the above?
What percentage of this annual deficit is interest compounding on the debt?
What % is Germany paying on Euro debt to borrow over "x" years?
What % is UK paying on Sterling debt to borrow over "x" years?

Oh and to really cheer you all up at the end of the wettest growth year for the last century, here comes some cost push inflation:

By what percentage is the harvest for 2012 "down"?
What is the global reduction in the harvest?
What is the global yield in extra mouths to feed in the last 12 months?
Why have these figures not hit the shops yet?

and finally the joker question:

How much was spent in Eire to fight off the outbreak of potato blight this last summer?

Would all those, who must deny climate change, care to form an orderly queue and sign their names?

Here in the UK we are at particular risk because melting polar ice pushes the jet stream south and the fresh water at the top of the Gulf Stream, risks that the cooling salty water will nolonger be heavy enough to sink to the bottom and go back for reheating in the tropics. The bit of the North Atlantic that we control could become
"stagnant", like the Baltic.

In the short term there is no need to panic - the global economy ensures that the famine will hit the most chaotic over populated third world country year after year.
Thirty years ago that used to be Bangladesh, any nomination for 2013?

RevolvingDoor

Someone I know from the US has been making these predictions last year because of the weather there.

BertieUK wrote: »

George it is unlike you to be so riled, someone / something has really put your back up today.

I laughed at that.:o He seems rather grumpy all the time from what I have read on here.:p

BertieUK

RevolvingDoor wrote: »

Someone I know from the US has been making these predictions last year because of the weather there.

This is a great possibility because on numerous occasions we have followed some of the weather patterns of the US, weather from over the Pond as they say...

I laughed at that.:o He seems rather grumpy all the time from what I have read on here.:p

George means well usually, or maybe Santa was not as kind as he had hoped - I think that he needs a big group hug :grouphug:

PaulF81

Mr._Pricklepants wrote: »

To put some perspective on it;

http://wsm.wsu.edu/researcher/WSMaug11_billions.pdf

Food spending as percentage of income.

big problem for the planet on page 2 of those diagrams. too many mouths to feed.

chewmylegoff

Is inflation of certain affected foods of 5% really "massive" or is it just normal. Every year some foods go up by more than inflation because of issues affecting the supply. Other foods come down in price.

Pretty much non-news innit?

John_Pierpoint

The spot price for spuds is up 180% year on year due to blight and harvesting problems.
This has not hit the supermarkets yet because of long term contracts the farmers are taking the hit.
The quality is visibly down though.

http://en.wikipedia.org/wiki/Giffen_good

ash28

I live in a rural area (big growing area), we buy our potatoes, carrots, onions, cabbage, cauli etc, direct from the farms.

It has been a terrible year for potatoes and carrots here, lots of the crops have had to be left rotting in the fields.

The farmer apologised for the poorer than normal quality of the potatoes and said it was the worst year in his memory. Prices were about 40% higher than last year for the same sized bag potatoes.

He also said large areas of continental Europe had similar problems.

homelessskilledworker

HAMISH_MCTAVISH wrote: »

http://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/9779693/Waitrose-boss-Britons-should-brace-themselves-for-massive-food-price-hikes.html

I suppose the usual suspects will be crying for the BOE to raise rates to fight the weather.....

One of the greatest achievments in present day Great Britain is the quality of food we now have at historical low cost.
People forget their history only too easily that the average man/woman used to wake up in the morning and by far their biggest concern was putting some kind of food on the table, it was not A ROOF OVER THEIR HEAD.

I love my food and rarely eat anything processed, I open my fridge after a shopping trip and feel blessed with what I can see, lovely red tomatoes, fish from scotland to Thailand, fresh fruit and veg, eggs, all for just a small proportion of my wages.

The food we have been eating in the last thirty years has been exceptional and CHEAP. Hamish as usual makes his silly flippant remarks, but has no vision or understanding of what could happen.
Just try and imagine just for one minute those handful of supermarkets we get in all the towns in the UK today where we just nip down when we are short of something and replace it so easily, just imagine these places one day mostly empty of stock, what then.

We live in paradise right now when it comes to food, and food has the potential to demand a rise in price ten fold and greater, and people will pay it, have to pay it.

I hope what has happened in recent years continues, and we continue getting lovely cheap nosh, but as is often said on here by our wonderful property rampers, "we live in a growing population" and things can change, and I will add an increasingly educated middle class world population growth.