Cost of living squeeze in 2022, 23 & 24 (Vol. 2)
Discussion
markbigears said:
And factoring in those coming off their low fixed mortgage rates this year, which again CPI doesn’t show, I can’t see inflation coming down anytime soon
True, but those people pose no real risk to the BoE in terms of overspending. If anything, they're going to underspend as a result.Chris Type R said:
JagLover said:
Bad news on inflation -up 0.4% MOM after a fall in November.
Yearly inflation at 4%.
Interest rates likely to stay at current levels for longer.
It's an odd one - if the reporting is to believed and the rise is attributable to tobacco & alcohol. Yearly inflation at 4%.
Interest rates likely to stay at current levels for longer.
For most, these are discretionary spends - prices go up and you simply consume less of the item. Also, I might be living in a bubble - but I think I only know one person who smokes anymore. I would have thought that the contribution of tobacco to the inflation calculation would be quite small if my experience is representative of the country as a whole.
I think the demand side is more able to react to these price increases than say rises attributable to rising fuel / energy costs - or food costs (influence by rises elsewhere).
soupdragon1 said:
A packet of benson and hedges is £16 now. A packet of 50g of rolling tobacco, close to £40. The price rises were significantly higher than inflation. TBH though, to account for the whole 0.2% inflation delta between forecast (3.8%) and actual (4%) I find it hard to imagine that those 2 products account for that 0.2%
Sorry what!!! £12.50 for my usual 20 b&h blue yesterday...soupdragon1 said:
Chris Type R said:
JagLover said:
Bad news on inflation -up 0.4% MOM after a fall in November.
Yearly inflation at 4%.
Interest rates likely to stay at current levels for longer.
It's an odd one - if the reporting is to believed and the rise is attributable to tobacco & alcohol. Yearly inflation at 4%.
Interest rates likely to stay at current levels for longer.
For most, these are discretionary spends - prices go up and you simply consume less of the item. Also, I might be living in a bubble - but I think I only know one person who smokes anymore. I would have thought that the contribution of tobacco to the inflation calculation would be quite small if my experience is representative of the country as a whole.
I think the demand side is more able to react to these price increases than say rises attributable to rising fuel / energy costs - or food costs (influence by rises elsewhere).
Insurance is an odd one, I’ve seen the same consistent pricing over the past 5 years on both home and cars.
I’ve even managed to get some lower this year.
My advice is to get on the comparison sites at least 3 weeks prior to renewal, then check for another week and then get cheeky and ask for a discount over the phone. Most are on commission so have a little wiggle room. I treat it as a sport as I work from home and have lots of time on my hands
I’ve even managed to get some lower this year.
My advice is to get on the comparison sites at least 3 weeks prior to renewal, then check for another week and then get cheeky and ask for a discount over the phone. Most are on commission so have a little wiggle room. I treat it as a sport as I work from home and have lots of time on my hands
Vanden Saab said:
soupdragon1 said:
A packet of benson and hedges is £16 now. A packet of 50g of rolling tobacco, close to £40. The price rises were significantly higher than inflation. TBH though, to account for the whole 0.2% inflation delta between forecast (3.8%) and actual (4%) I find it hard to imagine that those 2 products account for that 0.2%
Sorry what!!! £12.50 for my usual 20 b&h blue yesterday...soupdragon1 said:
Vanden Saab said:
soupdragon1 said:
A packet of benson and hedges is £16 now. A packet of 50g of rolling tobacco, close to £40. The price rises were significantly higher than inflation. TBH though, to account for the whole 0.2% inflation delta between forecast (3.8%) and actual (4%) I find it hard to imagine that those 2 products account for that 0.2%
Sorry what!!! £12.50 for my usual 20 b&h blue yesterday...soupdragon1 said:
Vanden Saab said:
soupdragon1 said:
A packet of benson and hedges is £16 now. A packet of 50g of rolling tobacco, close to £40. The price rises were significantly higher than inflation. TBH though, to account for the whole 0.2% inflation delta between forecast (3.8%) and actual (4%) I find it hard to imagine that those 2 products account for that 0.2%
Sorry what!!! £12.50 for my usual 20 b&h blue yesterday...Shnozz said:
RayDonovan said:
Problem with car insurance (and insurance in general) is that it's run as a monopoly. There seems to be very little competition between the providers and they all price gouge
I’d say it’s almost the complete opposite. https://www.bbc.co.uk/news/uk-scotland-glasgow-wes...
Homelessness on the rise. I must say, as someone stuck in the rental trap for years now, it's a lot more conceivable to me that one can be working homeless than it was a couple of years ago.
I once flat-shared with a guy who was renting a room with his two kids coming to visit after divorce. He'd tried renting a flat and had ended up running up debts in only 6 months. His kids were great and evidently blissfully unaware of the straits their dad was in, but it was a shock to see such an otherwise sorted individual trapped.
Fast forward a couple of years and a job move and I, too, find myself scraping through the end of each month. The credit cards once used only for Stoozing are being repaid slower, saving has all but stopped and the odd unexpected bill puts dents in it which aren't repaired. A car looks like a ridiculously unjustifiable expense.
Homelessness on the rise. I must say, as someone stuck in the rental trap for years now, it's a lot more conceivable to me that one can be working homeless than it was a couple of years ago.
I once flat-shared with a guy who was renting a room with his two kids coming to visit after divorce. He'd tried renting a flat and had ended up running up debts in only 6 months. His kids were great and evidently blissfully unaware of the straits their dad was in, but it was a shock to see such an otherwise sorted individual trapped.
Fast forward a couple of years and a job move and I, too, find myself scraping through the end of each month. The credit cards once used only for Stoozing are being repaid slower, saving has all but stopped and the odd unexpected bill puts dents in it which aren't repaired. A car looks like a ridiculously unjustifiable expense.
glazbagun said:
https://www.bbc.co.uk/news/uk-scotland-glasgow-wes...
Homelessness on the rise. I must say, as someone stuck in the rental trap for years now, it's a lot more conceivable to me that one can be working homeless than it was a couple of years ago.
I once flat-shared with a guy who was renting a room with his two kids coming to visit after divorce. He'd tried renting a flat and had ended up running up debts in only 6 months. His kids were great and evidently blissfully unaware of the straits their dad was in, but it was a shock to see such an otherwise sorted individual trapped.
Fast forward a couple of years and a job move and I, too, find myself scraping through the end of each month. The credit cards once used only for Stoozing are being repaid slower, saving has all but stopped and the odd unexpected bill puts dents in it which aren't repaired. A car looks like a ridiculously unjustifiable expense.
Flats are available in Glasgow for £500 pm. The article doesn't say why he can't afford that.Homelessness on the rise. I must say, as someone stuck in the rental trap for years now, it's a lot more conceivable to me that one can be working homeless than it was a couple of years ago.
I once flat-shared with a guy who was renting a room with his two kids coming to visit after divorce. He'd tried renting a flat and had ended up running up debts in only 6 months. His kids were great and evidently blissfully unaware of the straits their dad was in, but it was a shock to see such an otherwise sorted individual trapped.
Fast forward a couple of years and a job move and I, too, find myself scraping through the end of each month. The credit cards once used only for Stoozing are being repaid slower, saving has all but stopped and the odd unexpected bill puts dents in it which aren't repaired. A car looks like a ridiculously unjustifiable expense.
Louis Balfour said:
Have been out in London for the last couple of days. It seems very expensive now, as a Brit. As a city it seems to be catering increasingly to wealthy foreigners.
The prices reflect the wages and taxes those businesses have to pay. My own council tax, utility bills and travel are up 30%-40% in the last 3 years so wouldn't be surprised that restaurants have increased prices the same amount. Maybe the wealthy foreigners are keeping eateries and pubs afloat that would otherwise have to close.Rufus Stone said:
glazbagun said:
https://www.bbc.co.uk/news/uk-scotland-glasgow-wes...
Homelessness on the rise. I must say, as someone stuck in the rental trap for years now, it's a lot more conceivable to me that one can be working homeless than it was a couple of years ago.
I once flat-shared with a guy who was renting a room with his two kids coming to visit after divorce. He'd tried renting a flat and had ended up running up debts in only 6 months. His kids were great and evidently blissfully unaware of the straits their dad was in, but it was a shock to see such an otherwise sorted individual trapped.
Fast forward a couple of years and a job move and I, too, find myself scraping through the end of each month. The credit cards once used only for Stoozing are being repaid slower, saving has all but stopped and the odd unexpected bill puts dents in it which aren't repaired. A car looks like a ridiculously unjustifiable expense.
Flats are available in Glasgow for £500 pm. The article doesn't say why he can't afford that.Homelessness on the rise. I must say, as someone stuck in the rental trap for years now, it's a lot more conceivable to me that one can be working homeless than it was a couple of years ago.
I once flat-shared with a guy who was renting a room with his two kids coming to visit after divorce. He'd tried renting a flat and had ended up running up debts in only 6 months. His kids were great and evidently blissfully unaware of the straits their dad was in, but it was a shock to see such an otherwise sorted individual trapped.
Fast forward a couple of years and a job move and I, too, find myself scraping through the end of each month. The credit cards once used only for Stoozing are being repaid slower, saving has all but stopped and the odd unexpected bill puts dents in it which aren't repaired. A car looks like a ridiculously unjustifiable expense.
glazbagun said:
Rufus Stone said:
glazbagun said:
https://www.bbc.co.uk/news/uk-scotland-glasgow-wes...
Homelessness on the rise. I must say, as someone stuck in the rental trap for years now, it's a lot more conceivable to me that one can be working homeless than it was a couple of years ago.
I once flat-shared with a guy who was renting a room with his two kids coming to visit after divorce. He'd tried renting a flat and had ended up running up debts in only 6 months. His kids were great and evidently blissfully unaware of the straits their dad was in, but it was a shock to see such an otherwise sorted individual trapped.
Fast forward a couple of years and a job move and I, too, find myself scraping through the end of each month. The credit cards once used only for Stoozing are being repaid slower, saving has all but stopped and the odd unexpected bill puts dents in it which aren't repaired. A car looks like a ridiculously unjustifiable expense.
Flats are available in Glasgow for £500 pm. The article doesn't say why he can't afford that.Homelessness on the rise. I must say, as someone stuck in the rental trap for years now, it's a lot more conceivable to me that one can be working homeless than it was a couple of years ago.
I once flat-shared with a guy who was renting a room with his two kids coming to visit after divorce. He'd tried renting a flat and had ended up running up debts in only 6 months. His kids were great and evidently blissfully unaware of the straits their dad was in, but it was a shock to see such an otherwise sorted individual trapped.
Fast forward a couple of years and a job move and I, too, find myself scraping through the end of each month. The credit cards once used only for Stoozing are being repaid slower, saving has all but stopped and the odd unexpected bill puts dents in it which aren't repaired. A car looks like a ridiculously unjustifiable expense.
Gassing Station | News, Politics & Economics | Top of Page | What's New | My Stuff