inflation in real time

P933alilli

There is lots of news about inflation at he moment and i understand how it erodes cash savings in principle. I see my energy bills increasing and also petrol at he pumps but i dont see much difference in my weekly food shop ....yet! Im pretty careful with my cash and look for deals . I also bought a 1 year old hybrid car 5 years ago which had hardly any mileage and no road tax. I saved about 7.5k compared to a new one plus no road tax every year. Most of my holidays will be at home in the UK i think. 
 So, is it possible to evade inflation without investing?

Reg_Smeeton

The CPI “basket of goods” will inevitably contain some things you use and some you don’t.

https://www.ons.gov.uk/file?uri=%2feconomy%2finflationandpriceindices%2fdatasets%2fconsumerpriceinflationbasketofgoodsandservices%2f2021/combinedtablescpibasket2021.xlsx

You could use a budgeting spreadsheet to calculate your own personal rate of inflation

MX5huggy

It will get you in the end, you can trade down stop buying your baked beans in little microwave pots from Waitrose and buy Lidi ones in tins but in the end there are no cheaper beans, and you have to eat them cold.

You adjust what you buy to depending on the price. If you fixed what you buy you see it. It’s like the person who says petrol not changed in price I put £10 each time. 

I have cause to buy a large quantity of kettle chips at Christmas. This year half price £1.15 a bag. They were half price 2 years ago £1 a bag. 

jimjames

It's easy to not notice small price changes or reductions in pack size. 2 different items in the supermarket have gone up from 55p to 59p and another from 62p to 69p. Neither sound like a big rise as only a few pence but 4p on 55p is nearly 10%.

lozzy1965

You can't evade inflation.  You could buy cheaper by the rate of inflation every year, until you were living off bread and water, walking everywhere and dressing in rags, then the effects of inflation would hit you.  Your savings can reduce the effect of inflation but once you stop earning it is your savings and/or investments that have to last you for the rest of your life. That's when inflation really hits.

Zola.

I have noticed it in things like clothing.

A recent example,  I buy my 3-year-old new shoes every few months as he grows out of them... They have gone from about £30 - £36 over the last year or so, but I was surprised to see the same shoe was 45 quid last Sunday when I needed to get him a new pair. The same shoe essentially.