just had a look around the local centra this evening
2L jar of milk £1.67
Loaf of bread £1.35
Packed of 6 pancakes £1.52
Box of Cornflakes £4.25
10 pk of ham £2.55
500ml bottle of Coke £1.90
Can of Coke £1.10
Small can of red bull £1.75
Most of the packets of buns/cakes etc are near £4
Where is this going to end.
The only way to get inflation down and put a bit of smacht on it is to raise interest rates until inflation collapses. That is not good for house prices.
There is going to be a pretty big recession next year, linked to interest rates.
Yeah, you'd think if interest rates go up a few %, it would create a lot of problems for people.
House prices could stall which, in itself, wouldn't be a bad thing. It has to stop somewhere. I think up on average 11% from this time last year.