prices soaring - fuel/food etc

positivelymummy

i'm really starting to worry now, its on the news everyday, i see the prices in the supermarket going up and up, and i know nobody can predict whats gonna happen, but will the prices of fuel along with pasta (and other foods that have increased dramatically) every come down again? or is this it? i'm starting to really panic, i really cant see and end to this? has this happened before? anybody offer any info?

a11waysindebt

I think this is what we will have to get used to.

If people pay the high prices now when they haven't got enough money....how much will they pay when they have the money.

geordie_joe

This is theory only, can guarantee it will happen, but...........

The demand for oil outstrips the supply, so the price goes up. The more the price goes up the more people cut back and the more the demand goes down. When the demand goes down the price will come down. Don't forget that oil is linked to everything you buy, so every time you don't buy something that's a little less oil needed.

FOOD, for years farmers have been giving up because food is so cheap they can't make a living from it. For years there has been no real investment in farming, because there is no money in it. As the price of food goes up big business will see that there is money to be made from growing crops, so they will start investing in that. When more crops are grown the price will go down again.

Take a look at Thanet Earth, the biggest greenhouse in the country. It will increase the salad production of this country by 15%.

Why are they doing this? It's not because they are doing us a favour, or because they have nothing better to do.

The reason they are investing millions of pounds in the biggest greenhouse ever built in this country is because they can make a profit from it.

So already we have gone from farmers giving up because there is no money in growing food to big business investing millions in growing food.

geordie_joe

positivelymummy wrote: »

has this happened before?

Time to go to bed, I'm answering the same post twice

Yes it has happened before, during the war, and for years after, there was a shortage of food and fuel. Not because it was too expensive to buy, it just wasn't there and you couldn't get it for love nor money. Although my mother said the tart next door could get if for sex. :eek:

Anyway, it was rationed for years and we survived. In fact they say people were fitter and healthier in those days.

It will be the same when things get too expensive to buy, we will cut back and get on with it. With a bit of luck it will teach society the difference between what they really need and what they just want because the advertisers have told us we need.

*jobags*

positivelymummy wrote: »

i'm really starting to worry now, its on the news everyday, i see the prices in the supermarket going up and up, and i know nobody can predict whats gonna happen, but will the prices of fuel along with pasta (and other foods that have increased dramatically) every come down again? or is this it? i'm starting to really panic, i really cant see and end to this? has this happened before? anybody offer any info?

It happened in the '70s - I hate to say I remember it well - mind you, there were shortages then as well as mega price rises

I'm not an economist and don't know the best way to resolve it - I would say that you just need to look to your own resources - physical and mental and limit your liabilities.
Staples like pasta and rice are going up but still try to buy them as basic foods rather than ready meals etc
Try to limit your meat intake to 3 times weekly and look into veggie foods - I have 3 kids under 5 and their favourite, most requested food is spinach pancakes - mine as well - especially when washed down with a bottle of Waitrose Good Ordinary Claret:cool: (about £4 a bottle)

Batten down the hatches - did it in the late 80's/early 90's and emerged unscathed, doing it again now
This is going to last 3-7 years - but it should get better - either that or we will be used to it by then

positivelymummy

thanks posters! makes for interesting thinking, its taken me years to get debt free (apart from mortgage) then everything rockets up!! it seems some of my 'cheap meals' have now become quite pricey!

poppysarah

It shocks me that Jamie Oliver thinks his feed the family for a fiver is a bargain! I'd be horrified spending £5 to make spag bol!

Food keeps going up. When I see people buying saving stamps at the till I feel like telling them it's better to spend the money on canned or dried goods that'll last for a long time instead.

MRSTITTLEMOUSE

*jobags* wrote: »

It happened in the '70s - I hate to say I remember it well - mind you, there were shortages then as well as mega price rises

I'm not an economist and don't know the best way to resolve it - I would say that you just need to look to your own resources - physical and mental and limit your liabilities.
Staples like pasta and rice are going up but still try to buy them as basic foods rather than ready meals etc
Try to limit your meat intake to 3 times weekly and look into veggie foods - I have 3 kids under 5 and their favourite, most requested food is spinach pancakes - mine as well - especially when washed down with a bottle of Waitrose Good Ordinary Claret:cool: (about £4 a bottle)

Batten down the hatches - did it in the late 80's/early 90's and emerged unscathed, doing it again now
This is going to last 3-7 years - but it should get better - either that or we will be used to it by then

I have to agree with everything you say here.We lived through those times in the 70s/80s/90s too.To the OP, whatever happens,happens.You can't do anything about it.We all came through it in the past and it did'nt hurt us we're still here and although it is'nt nice to have to cut back ect. it taught us to appreciate what we had.

siross2203

i agree with what everyone have said so far, thing that i think will be different to post-war rationing and the collapse of the late 80's early 90's is that people generally have more disposable income nowadays. My food shopping bill could go up from 50 to 60 a week for example and i could cope with it and not be going bankrupt.

Whilst i appreciate the difficulties if you have a large family are multiplied compared to my situation i think that people in today's society will find a way around the current issues.

Again, fortunately for me, i can walk to work and I am now on my umpteenth "health kick" so i eat a lot cheaper with only fresh food and NO TAKEAWAYS! If i was still driving to work from my previous home my petrol costs would be well over 300 a month.

I tihnk for most people that the housing situation probably causes the most concern above how much my dinner is. I work in the construction industry (recruitment for senior level positions) and we believe that your home will be the best thing to hang onto at the moment as the problem is that homes are not being built right now. given the lack of consumer confidence in the housing market the housebuilders are simply building their social / affordable housing quotas and putting minimal resource into new build homes. THis means that in 3 years time say, there will literally be no new homes for people to buy and all you lucky so and so's who have hung onto your homes will have a great asset once more.

As homes arent being built for the forseeable future, your home will become more desired and in few supply. This will help to recover the house prices to where they were.

BUT>>>>> BIG BUT>>>> this is only my opinion, remember i am looking at it from a point of view of a 20 ear old guy living with his girlfriend who both walk to work and rarely get in the car. So our cost of living in terms of food,petrol and so forth are generally a lot cheaper than a family of 4 for example with 2 cars. I appreciate this, i just wanted to give you my opinion!

siross2203

sorry, forgot to add that I remember the early 90's not being great, as my parents went bankrupt in 1993 after living a very lucky lifestyle...so i do understand where concern comes from!

moonrakerz

poppysarah wrote: »

It shocks me that Jamie Oliver thinks his feed the family for a fiver is a bargain!

It is a bargain if you shop in Sainsbury's, Tesco, Asda etc, etc ! Try Lidl or Aldi, try your local butcher and greengrocer.