Is inflation becoming sticky?

Albermarle

m_c_s said:

There are now signs emerging that interest rates raises are beginning to hit the wider economy. House building has plunged to levels last seen in the 2009/10 (except during extreme lockdown in April 2020). And the overall construction sector is entering a renewed downturn with the UK construction activity index dropping significantly in June. Definitely house builders can see a storm coming and a severe pull back in demand.

This will quickly impact suppliers of construction materials ( Bricks, concrete, plastics etc ) where prices shot up after Covid due to high demand and with supply chains unable to cope. These sorts of material are very supply/demand driven, and prices can fall very quickly.

german_keeper

arnoldy said:

It does not help inflation when the Government is incontinent with tax payers money. Every so often another £s hundreds lands in various bank accounts under the guise of "cost of living payments". You know when this happens because the online line delivery vans go into overdrive with people buying lots of stuff they dont need and driving up inflation with all the spending. 

Exactly. Who on earth do these people think they are expecting the government to pay for such luxuries as gas, electric, food, fuel to get to work, etc etc. Scumbags the lot of them. Just start doing 60,70,80 hours per week you lazy devils.

Why should me and my good lady pay tax to supplement these people. Oh, hang on I've just remembered, we have our financial arrangements, with our pensions and savings organised so that we have a comfortable retirement with our taxable income just below 2 x PTA. Still having said that why should we worry about these flipping scroungers, they get what they deserve.

Workerdrone

westv said:

Altior said:

Work is not mean to be rewarding, it is meant to be fundamentally essential (as a default). 

I don't agree. In a perfect world everybody would be able to find work that was rewarding. The fact that they aren't doesn't mean it shouldn't be a goal - even if unachievable now.
Nor is all work essential. If I eat out is the work done by the waiter and chef essential? It would be enjoyable for me but is it essential?

Covid categorised a huge number of people as essential workers, restaurant staff weren't amongst them