The next recession

[johnnycool]

NI food inflation

https://www.belfasttelegraph.co.uk/news/uk/how-everyday-food-items-have-risen-in-price-in-the-past-12-months-42078625.html
Here are some examples of how the cost of food has risen in the past year.


The figures are based on the Consumer Prices Index (CPI) measure of inflation and have been published by the Office for National Statistics.
In each case, the figure is the percentage change in the average price over the 12 months to September 2022.
Low-fat milk 42.1%
Margarine and other vegetable fats 30.5%
Whole milk 30.2%
Jams, marmalades and honey 28.1%
Butter 28.0%
Olive oil 27.2%
Cheese and curd 23.1%
Pasta and couscous 22.7%
Eggs 22.3%
Sauces, condiments, salt, spices and culinary herbs 22.1%
Frozen vegetables other than potatoes 20.3%
Potatoes 19.9%
Ready-made meals 19.0%
Poultry 17.2%
Meat 15.3%
Bread 14.6%
Fish 13.5%
Yoghurt 12.8%
Crisps 11.8%
Edible ices and ice cream 11.5%
Fresh or chilled vegetables other than potatoes 11.1%
Pizza and quiche 9.7%
Fruit 8.8%
Rice 6.8%
Breakfast cereals and other cereal products 6.8%
Confectionery products 6.1%
Sugar 4.7%
Dried fruit and nuts 4.6%
Chocolate 3.3%

If there's a good reason to stop eating shite food that's it right there, good man seafoid

No milk? Let them have wine says the Marie Antoinette of Jordanstown   

[Milltown Row2]

NI food inflation

https://www.belfasttelegraph.co.uk/news/uk/how-everyday-food-items-have-risen-in-price-in-the-past-12-months-42078625.html
Here are some examples of how the cost of food has risen in the past year.


The figures are based on the Consumer Prices Index (CPI) measure of inflation and have been published by the Office for National Statistics.
In each case, the figure is the percentage change in the average price over the 12 months to September 2022.
Low-fat milk 42.1%
Margarine and other vegetable fats 30.5%
Whole milk 30.2%
Jams, marmalades and honey 28.1%
Butter 28.0%
Olive oil 27.2%
Cheese and curd 23.1%
Pasta and couscous 22.7%
Eggs 22.3%
Sauces, condiments, salt, spices and culinary herbs 22.1%
Frozen vegetables other than potatoes 20.3%
Potatoes 19.9%
Ready-made meals 19.0%
Poultry 17.2%
Meat 15.3%
Bread 14.6%
Fish 13.5%
Yoghurt 12.8%
Crisps 11.8%
Edible ices and ice cream 11.5%
Fresh or chilled vegetables other than potatoes 11.1%
Pizza and quiche 9.7%
Fruit 8.8%
Rice 6.8%
Breakfast cereals and other cereal products 6.8%
Confectionery products 6.1%
Sugar 4.7%
Dried fruit and nuts 4.6%
Chocolate 3.3%

If there's a good reason to stop eating shite food that's it right there, good man seafoid

No milk? Let them have wine says the Marie Antoinette of Jordanstown   

I'm on the breast milk, free and once you get used to it!!

[johnnycool]

NI food inflation

https://www.belfasttelegraph.co.uk/news/uk/how-everyday-food-items-have-risen-in-price-in-the-past-12-months-42078625.html
Here are some examples of how the cost of food has risen in the past year.


The figures are based on the Consumer Prices Index (CPI) measure of inflation and have been published by the Office for National Statistics.
In each case, the figure is the percentage change in the average price over the 12 months to September 2022.
Low-fat milk 42.1%
Margarine and other vegetable fats 30.5%
Whole milk 30.2%
Jams, marmalades and honey 28.1%
Butter 28.0%
Olive oil 27.2%
Cheese and curd 23.1%
Pasta and couscous 22.7%
Eggs 22.3%
Sauces, condiments, salt, spices and culinary herbs 22.1%
Frozen vegetables other than potatoes 20.3%
Potatoes 19.9%
Ready-made meals 19.0%
Poultry 17.2%
Meat 15.3%
Bread 14.6%
Fish 13.5%
Yoghurt 12.8%
Crisps 11.8%
Edible ices and ice cream 11.5%
Fresh or chilled vegetables other than potatoes 11.1%
Pizza and quiche 9.7%
Fruit 8.8%
Rice 6.8%
Breakfast cereals and other cereal products 6.8%
Confectionery products 6.1%
Sugar 4.7%
Dried fruit and nuts 4.6%
Chocolate 3.3%

If there's a good reason to stop eating shite food that's it right there, good man seafoid

No milk? Let them have wine says the Marie Antoinette of Jordanstown   

I'm on the breast milk, free and once you get used to it!!

Not even going there...... 

[seafoid]

https://www.cnbc.com/video/2022/10/12/henrich-the-velocity-of-the-move-in-yields-is-not-sustainable-without-breaking-something.html

[manfromdelmonte]

No recession judging by the amount of people moving through Dublin airport this weekend. Unreal

[seafoid]

https://www.cnbc.com/video/2022/11/01/the-odds-of-a-recession-are-extremely-elevated-says-jpmorgans-gabriela-santos.html

[seafoid]

https://www.bbc.com/news/business-57764601

[trailer]

https://www.bbc.com/news/business-57764601

Rising interests rates to quell inflation that is caused by an energy crisis. You wonder how these people get the jobs and positions that they have.

[Mike Tyson]

https://www.bbc.com/news/business-57764601

Rising interests rates to quell inflation that is caused by an energy crisis. You wonder how these people get the jobs and positions that they have.

The mind boggles. They're so insulated from the rest of the population they don't have a clue.

[LeoMc]

https://www.bbc.com/news/business-57764601

Rising interests rates to quell inflation that is caused by an energy crisis. You wonder how these people get the jobs and positions that they have.

When your only tool is a hammer, every problem looks like a nail.

Increasing or decreasing interest rates to dampen or increase public spending is the only driver they have known.

[armaghniac]

https://www.bbc.com/news/business-57764601

Rising interests rates to quell inflation that is caused by an energy crisis. You wonder how these people get the jobs and positions that they have.

OK then, tell us how they should dampen inflation. Maybe give Ukraine to Putin?

[Armagh18]

https://www.bbc.com/news/business-57764601

Rising interests rates to quell inflation that is caused by an energy crisis. You wonder how these people get the jobs and positions that they have.

OK then, tell us how they should dampen inflation. Maybe give Ukraine to Putin?

Do you think the war in Ukraine really has that much impact on inflation/ energy prices? Or is it companies taking the piss?

[Mike Tyson]

https://www.bbc.com/news/business-57764601

Rising interests rates to quell inflation that is caused by an energy crisis. You wonder how these people get the jobs and positions that they have.

OK then, tell us how they should dampen inflation. Maybe give Ukraine to Putin?

Do you think the war in Ukraine really has that much impact on inflation/ energy prices? Or is it companies taking the piss?

Prices started rising before the whole Ukraine scenario: https://www.ons.gov.uk/economy/inflationandpriceindices/articles/energypricesandtheireffectonhouseholds/2022-02-01

Tax the complete balls out of the energy companies (89m in profit a day - somehow I think they can afford to lower prices) and use the revenue to subsidise customers on a sliding scale, with lowest earning families more heavily subsidised than those at the top.

How does rasingin rates and therefore increasing the price of mortgages, credit cards, loans etc benefit those struggling with soaring energy costs?

[seafoid]

https://www.bbc.com/news/business-57764601

Rising interests rates to quell inflation that is caused by an energy crisis. You wonder how these people get the jobs and positions that they have.

OK then, tell us how they should dampen inflation. Maybe give Ukraine to Putin?

Do you think the war in Ukraine really has that much impact on inflation/ energy prices? Or is it companies taking the piss?

Prices started rising before the whole Ukraine scenario: https://www.ons.gov.uk/economy/inflationandpriceindices/articles/energypricesandtheireffectonhouseholds/2022-02-01

Tax the complete balls out of the energy companies (89m in profit a day - somehow I think they can afford to lower prices) and use the revenue to subsidise customers on a sliding scale, with lowest earning families more heavily subsidised than those at the top.

How does rasingin rates and therefore increasing the price of mortgages, credit cards, loans etc benefit those struggling with soaring energy costs?

It's not supposed to.
Rates are jacked up to slow down the economy and put a halt to the gallop of inflation which seems to be driven by a mix of the money supply , the supply chain effects of the war and the impact of resource constraints in the case of oil and gas.

[Mike Tyson]

https://www.bbc.com/news/business-57764601

Rising interests rates to quell inflation that is caused by an energy crisis. You wonder how these people get the jobs and positions that they have.

OK then, tell us how they should dampen inflation. Maybe give Ukraine to Putin?

Do you think the war in Ukraine really has that much impact on inflation/ energy prices? Or is it companies taking the piss?

Prices started rising before the whole Ukraine scenario: https://www.ons.gov.uk/economy/inflationandpriceindices/articles/energypricesandtheireffectonhouseholds/2022-02-01

Tax the complete balls out of the energy companies (89m in profit a day - somehow I think they can afford to lower prices) and use the revenue to subsidise customers on a sliding scale, with lowest earning families more heavily subsidised than those at the top.

How does rasingin rates and therefore increasing the price of mortgages, credit cards, loans etc benefit those struggling with soaring energy costs?

It's not supposed to.
Rates are jacked up to slow down the economy and put a halt to the gallop of inflation which seems to be driven by a mix of the money supply , the supply chain effects of the war and the impact of resource constraints in the case of oil and gas.

In economic textbooks, which assume there are no other factors at play and that inflation is demand driven, that may be true. However, this is real world and inflation isnt driven by the like's of a house extension or office cabin that contributed to building material inflation during Covid. Raising interest rates to encourage borrowing and less spending doesn't dampen energy costs. People need are already cutting back and can barely afford heat or electricity yet record breaking profit after record breaking profit are being made by the energy firms.

As pointed out above, the rise in energy prices was happening before the war and the price cap removal was before the war.

It's pure price gauging from the energy companies and they are laughing all the way to the bank. Raising rates isn't going to do much for energy prices and most likely will further drive the wealth gap wider.