UK Heading For Deflation?

andyroberts1967

thor wrote: »

I just hope that my local supermarkets get the message. Despite the 'price wars' I don't see the likes of Tesco and Sainsbury being any cheaper.

A whole load of things are definitely cheaper in Tesco's. £1 for 4 pints of milk is amazing. And my Warburton crumpets are now just 68p, also the butter is now only 95p!!

chucknorris

andyroberts1967 wrote: »

And my Warburton crumpets are now just 68p, also the butter is now only 95p!!

Are you telling us the whole story here though, it seems to me that you have deliberately not reported back on the cost of the strawberry jam. Call me cynical, but I can only surmise that at best, the jam is the same price, and of course the doomsday scenario is that the jam has actually increased in price higher than the total savings on the crumpets and butter :eek:

Generali

chucknorris wrote: »

Are you telling us the whole story here though, it seems to me that you have deliberately not reported back on the cost of the strawberry jam. Call me cynical, but I can only surmise that at best, the jam is the same price, and of course the doomsday scenario is that the jam has actually increased in price higher than the total savings on the crumpets and butter :eek:

Hence why we still have low inflation rather than disinflation/deflation. Good call.:money:

andyroberts1967

chucknorris wrote: »

Are you telling us the whole story here though, it seems to me that you have deliberately not reported back on the cost of the strawberry jam. Call me cynical, but I can only surmise that at best, the jam is the same price, and of course the doomsday scenario is that the jam has actually increased in price higher than the total savings on the crumpets and butter :eek:

I don't buy strawberry jam though, please don't flame me hehe.
I do buy frozen berries though, to go with my greek yogurt, and I will concede that the berries have gone up from around £1.30 to £1.60 in the last couple of years. My survey wasn't scientific :-)

markharding557

It seem oil prices are moving upwards of late so this talk about deflation is a fuss about nothing.

Generali

markharding557 wrote: »

It seem oil prices are moving upwards of late so this talk about deflation is a fuss about nothing.

Well down still year-on-year. The WhateverPI is generally stated annually as monthly versions are too volitile and subject to skew by Xmas, Easter, weather etc.

wotsthat

chucknorris wrote: »

Are you telling us the whole story here though, it seems to me that you have deliberately not reported back on the cost of the strawberry jam. Call me cynical, but I can only surmise that at best, the jam is the same price, and of course the doomsday scenario is that the jam has actually increased in price higher than the total savings on the crumpets and butter :eek:

I'll be negotiating my pay rise soon and talk of falling prices is most unwelcome.

I've looked down the list of stuff that's increasing in price so I can complain loudly around the office about how things are getting more expensive. I fear moaning about the price of weekends away, alcohol and tobacco isn't going to garner much sympathy though.

antrobus

UK inflation rate falls to record low of 0.3% in January
http://www.bbc.co.uk/news/business-31501805

Generali

wotsthat wrote: »

I'll be negotiating my pay rise soon and talk of falling prices is most unwelcome.

I've looked down the list of stuff that's increasing in price so I can complain loudly around the office about how things are getting more expensive. I fear moaning about the price of weekends away, alcohol and tobacco isn't going to garner much sympathy though.

Perhaps you could claim that leaving the country to get drunk is the only way you can cope with your incompetent colleagues. ..? Perhaps not.

michaels

Sadly similar here, our biggest customer has not agreed to an increase in rates for 3 years (indeed often there are those willing to undercut our rates) so even a cpi increase means the company has to accept a squeezing of margins as we can't be billabel more than 100% of the time excluding the national minimum number of leave days so it looks like a 0.3% annual increase is on the cards for me this month....then again my takehome is capped by the child benefit theshold so it is only my pension contributions that will suffer.