Economy crash =/= stock market crash?

Zola.

Did your portfolio get rebalanced in good time to suit your retiree status?

Type_45

A 500g tub of Lurpak in my local Tesco is now £5.05.

Food inflation will get a whole lot worse. 

Swipe

Zola. said:

Did your portfolio get rebalanced in good time to suit your retiree status?

I'm 40% cash so well placed for any big downturn.

grumiofoundation

Type_45 said:

A 500g tub of Lurpak in my local Tesco is now £5.05.

Food inflation will get a whole lot worse. 

£4.49 - thats an 11% drop for you for you, I know how you love a price drop. 

https://www.tesco.com/groceries/en-GB/products/253886894

Although you can get an extra 250g for only 81p

https://www.tesco.com/groceries/en-GB/products/312574321


Must be said many cheaper varieties of spread are available. 

Type_45

grumiofoundation said:

Type_45 said:

A 500g tub of Lurpak in my local Tesco is now £5.05.

Food inflation will get a whole lot worse. 

£4.49 - thats an 11% drop for you for you, I know how you love a price drop. 

https://www.tesco.com/groceries/en-GB/products/253886894

Although you can get an extra 250g for only 81p

https://www.tesco.com/groceries/en-GB/products/312574321


Must be said many cheaper varieties of spread are available. 

I took a photo of it:

Type_45

Swipe said:

Zola. said:

Did your portfolio get rebalanced in good time to suit your retiree status?

I'm 40% cash so well placed for any big downturn.

Someone with sense.

anonmoose

OMG is that really a Tesco's?  Look how filthy the shelf is!!  But Type45 is right on the food inflation.  A big box of crunchy nut was £4.50 in tescos!  They are having a laugh aren't they?  Although I doubt the current price of branded goods will bring down the whole system to 80% crash levels.

GazzaBloom

Type_45 said:

A 500g tub of Lurpak in my local Tesco is now £5.05.

Food inflation will get a whole lot worse. 

My wife went into our local Tesco Express a couple of weeks ago and was confronted with the same price for Lurpak, she walked out and went to ASDA and got it for £3.50. I picked some up at ASDA this week for £4.00, so prices are changing weekly so it seems across a whole range of items.

To be fair the Tesco main supermarket is a lot cheaper than the local petrol station Tesco Expess which appears to be following an inflationary price index all of their own.

On a separate note my employer agreed a 2 year pay deal with the union representing the operations staff in January, with the 2023 pay award being set at 3 months average CPI across October/November/.December 2022 + 0.25%. That's looking likely to be 10-11% once the fuel cap increase kicks in. I did suggest to other managers in January that the company may have missed a trick by not adding by a cap at say 5%

It will be interesting to see if they try and row back from it...

Unfortunately, I'm not in the same collective bargaining arrangement, so likely to get less!

Type_45

GazzaBloom said:

Type_45 said:

A 500g tub of Lurpak in my local Tesco is now £5.05.

Food inflation will get a whole lot worse. 

My wife went into our local Tesco Express a couple of weeks ago and was confronted with the same price for Lurpak, she walked out and went to ASDA and got it for £3.50. I picked some up at ASDA this week for £4.00, so prices are changing weekly so it seems.

To be fair the Tesco main supermarket is a lot cheaper than the local petrol station Tesco Expess which appears to be following an inflationary price index all of their own.

Yep - shop at the big stores.  Not the Expresses or petrol stations.  Or go to Lidl etc.

Zola.

Its a good opportunity to shop smarter and healthier.