Inflation, Inflation, Inflation...

wotsthat

Marmite up by 12.5% in Morrisons!

http://www.bbc.co.uk/news/business-37801847

The BBC are behind the curve. If they'd been following my Marmite Watch thread they would have seen I broke this story days ago.

michaels

Sure Hamish, cos like 100% of the price of everything we buy is the payment to the manufacturer.....

HAMISH_MCTAVISH

Graham_Devon wrote: »

This is when food prices, for items such as a loaf off bread were 50% more than they are now.

Not quite... About 29% mostly due to lower wheat costs globally.

We tested the price of Hovis medium-sliced wholemeal bread (the 800g loaf). What we found in 2012 was that every supermarket had near identical prices: £1.25, or two for £2. Now the price has fallen to just 89p at Tesco, Asda and Waitrose, and £1 at Sainsbury’s and Morrisons (which also has a two for £1.50 deal). Global wheat prices have fallen heavily in recent years, from around $8.50 a bushel in 2013 to $4.60 now.

https://www.theguardian.com/money/2016/may/07/surprising-fall-cost-food-uk-eggs-bread-meat

As has been pointed out to you on many occasions - the global financial crisis required responses that were painful but unavoidable - however the recovery since, until brexit anyway, has been strong.

WRT FX rates - in 2007 it was arguably too high, in 2009 it was arguably too low, but prior to June it was trading at around the average level of the last couple of decades.

It was you who argued incessantly that prices rising were a bad thing for the poor in society - and that real terms pay cuts had gone too far - but now you seem quite happy for the costs of food to soar and real terms wage increases to reverse to real terms wage cuts - just because it's all for Brexit?

Sapphire

Thrugelmir wrote: »

Did you ever use an Amstrad? :eek::eek:

Apple are a brand. Cleverly marketed at consumers. Who have to have the latest gizmo to impress their friends.

Never used an Amstrad, but I have to say that Apple products are reliable, durable and do the job they are supposed to do very well. I've been using them for some 20 years, gradually upgrading them as necessary – I have even kept the sweet little handbag-sized blue portable Mac, which kept me in good stead for some years. I work in book publishing, and in most companies I've worked for Apple computers are used because they are very good for design work, etc.

The fact that they are well designed is not a disadvantage (for me), since I like nice-looking objects. :T

DiggerUK

An important economic debate about inflation, reduced to a village pump row about marmite on toast..._

Fella

HAMISH_MCTAVISH wrote: »

OK - but you can't deflect this as an Apple story when Microsoft are doing the same thing..

No, I wasn't attempting to hence the O/T comment. I don't dispute that the pound has fallen against the dollar because of Brexit, or that Apple have raised prices because the pound has fallen against the dollar.

(I do dispute whether it's anything more than short-term noise. I'm certain there will be thousands of stories over the next few years, some claiming Brexit was an economic success and some claiming it was an economic disaster, in either case with the stats to "prove it". My own view is that we'll never know, since the only known outcome will be whatever happens. Everything it's compared to will be guesswork & supposition. Obviously as I stated before I'm in the camp that believes the UK will do better out of the EU than in it & absolutely nothing that's happened so far has changed that view).

Fella

wotsthat wrote: »

Yes but it's an opinion rather than fact.

No it's not. I follow the price of Apple gear fairly closely and to my knowledge they have never ever lowered their prices because of a strengthening pound against the dollar. If you disagree give me an example of when it happened & I'll acknowledge I was incorrect.

wotsthat

Fella wrote: »

No it's not. I follow the price of Apple gear fairly closely and to my knowledge they have never ever lowered their prices because of a strengthening pound against the dollar. If you disagree give me an example of when it happened & I'll acknowledge I was incorrect.

I've had a quick google and can't find Apple UK pricing history for models on sale between 2003 and 2009. How about, if you follow this sort of thing closely, you back up your claim that Apple products were never reduced in price during this period?

Fella

wotsthat wrote: »

I've had a quick google and can't find Apple UK pricing history for models on sale between 2003 and 2009. How about, if you follow this sort of thing closely, you back up your claim that Apple products were never reduced in price during this period?

Nice try but you're the one disputing what I stated. I don't need to find evidence to back up what I know to be true. If you want to dispute it then find some evidence to back up your claim.

Although it sounds like you've already tried & failed to do that.

wotsthat

Fella wrote: »

Nice try but you're the one disputing what I stated. I don't need to find evidence to back up what I know to be true. If you want to dispute it then find some evidence to back up your claim.

Although it sounds like you've already tried & failed to do that.

Me being unable to disprove your opinion doesn't make your opinion a fact. Never mind the nice try act - prove your opinion is a fact.

It is the Internet I suppose. If someone can't prove a lie is a lie then it must be the truth?

I couldn't care less what you think to be true. If you want me to think it's true you'll need to provide some evidence.