Food prices at shops
Author
Discussion

272BHP

Original Poster:

6,762 posts

262 months

Saturday 29th July 2017
quotequote all
Has anybody else noticed the significant change in prices at the shops lately? We usually do our shopping online at Ocado and this is handled by my wife but I do visit the local Tesco at the weekends and buy the usual stuff each time.

In one week items have appeared to jump by 5% - 30% across all sorts of items.

it appears that the idea that special offers have confused shoppers has just given the supermarkets carte blanche to raise prices across their range - or is there something else going on?



PurpleMoonlight

22,362 posts

183 months

Saturday 29th July 2017
quotequote all
Effects of the weaker pound finally filtering through.

Increased costs of production filtering through eg utilities, rates, etc.

55palfers

6,307 posts

190 months

Saturday 29th July 2017
quotequote all
Food manufacturers and retailers taking the piss more like.

A 20% increase in raw material costs doesn't equate to a 30% rise in shop price.

jmorgan

36,010 posts

310 months

Saturday 29th July 2017
quotequote all
What you don't notice is the contents changing. Probably already paying more but change the weight of a bar of chocolate or size of a bar of soap, do you notice that? Some stuff is not so easy so that price goes up.

///ajd

8,964 posts

232 months

Saturday 29th July 2017
quotequote all
55palfers said:
Food manufacturers and retailers taking the piss more like.

A 20% increase in raw material costs doesn't equate to a 30% rise in shop price.
No, Brexit & forex will be a major factor, as widely reported.

Did you vote for this?

PurpleMoonlight

22,362 posts

183 months

Saturday 29th July 2017
quotequote all
jmorgan said:
What you don't notice is the contents changing. Probably already paying more but change the weight of a bar of chocolate or size of a bar of soap, do you notice that? Some stuff is not so easy so that price goes up.
Shrinkflation.

I hate it, it's fundamentally dishonest.

jjlynn27

7,935 posts

135 months

Saturday 29th July 2017
quotequote all
55palfers said:
Food manufacturers and retailers taking the piss more like.

A 20% increase in raw material costs doesn't equate to a 30% rise in shop price.
Must be. It's not like that market is already highly competitive. It's manufacturers and retailers colluding.

Willy Nilly

12,511 posts

193 months

Saturday 29th July 2017
quotequote all
Exchange rates, raw material costs, energy costs and demand have always affected the price of food.

///ajd

8,964 posts

232 months

Saturday 29th July 2017
quotequote all
jjlynn27 said:
Must be. It's not like that market is already highly competitive. It's manufacturers and retailers colluding.
Some will never see it.

The Mad Monk

11,219 posts

143 months

Saturday 29th July 2017
quotequote all
272BHP said:
Has anybody else noticed the significant change in prices at the shops lately? We usually do our shopping online at Ocado and this is handled by my wife but I do visit the local Tesco at the weekends and buy the usual stuff each time.

In one week items have appeared to jump by 5% - 30% across all sorts of items.

it appears that the idea that special offers have confused shoppers has just given the supermarkets carte blanche to raise prices across their range - or is there something else going on?
I recommend Aldi.

jas xjr

11,309 posts

265 months

Saturday 29th July 2017
quotequote all
have you seen the price of butter lately. possibly gone up by 25-30%

OtherBusiness

884 posts

168 months

Saturday 29th July 2017
quotequote all
Yes, have definitely noticed this over the past 12 months. Along with the cost of a lot of other things. I'd say over the last 12 months the real inflation rate is probably 20/30% for me, not 2%! Food, car insurance, utility bills, council tax, general trips out, etc - everything seems significantly more expensive at the moment, and most of it feels more like a rip off.

Edited by OtherBusiness on Saturday 29th July 10:32

anonymous-user

80 months

Saturday 29th July 2017
quotequote all
OtherBusiness said:
Yes, have definitely noticed this over the past 12 months. Along with the cost of a lot of other things. I'd say over the last 12 months the real inflation rate is probably 20/30% for me, not 2%! Food, car insurance, general trips out, etc - everything seems significantly more expensive at the moment, and most of it feels more like a rip off.

Your car insurance went up? Ours went down!

As for supermarket prices, they're just trying to force prices up to improve overall performance which hasn't been great during the past few years. Several of them have stated in the last year or two that they'll be aiming to increase their net margins and maintain them.

Of course they'll use any excuse including the exchange rates, whether the products are affected or not, but the maths just doesn't add up. Only an idiot would blame this on Brexit, for a number of reasons.

Eddie Strohacker

3,879 posts

112 months

Saturday 29th July 2017
quotequote all
PurpleMoonlight said:
Shrinkflation.

I hate it, it's fundamentally dishonest.
I know from clients in the fmcg trade that the pressure for this can come from the supermarkets demanding price points. Not always the case but there's more to it than manufacturers profiteering by conning the consumer.

///ajd

8,964 posts

232 months

Saturday 29th July 2017
quotequote all
REALIST123 said:

Your car insurance went up? Ours went down!

As for supermarket prices, they're just trying to force prices up to improve overall performance which hasn't been great during the past few years. Several of them have stated in the last year or two that they'll be aiming to increase their net margins and maintain them.

Of course they'll use any excuse including the exchange rates, whether the products are affected or not, but the maths just doesn't add up. Only an idiot would blame this on Brexit, for a number of reasons.
QED. Total denial of what has actually happened.

The pound crashing is not related to brexit nor does it affect the price of imported goods, no prices in shops which have not gone up. Not in brexitland. Oh no. Nothing to do with my vote.

And you're calling others idiots?

How about each of the the 52% should give the 48% a donation of £20 a week to cover the cost of the weekly shop going up. There would be a bit left over to give to the NHS. After all we're the 5th biggest economy in the world, we won the war, we invented everything etc., so seems fair that the 52% that think we're invincible and don't need trade deals can spare their apparently huge cash reserves and fund the 48% who didn't want to be worse off.

OtherBusiness

884 posts

168 months

Saturday 29th July 2017
quotequote all
REALIST123 said:

Your car insurance went up? Ours went down!
Yes unfortunately. Usually stays the same or less. They changed some formula for working out compensation in June and also insurance premium tax went up to 12% at around the same time. I renewed beginning of July so double whammy frown

Wobbegong

15,078 posts

195 months

Saturday 29th July 2017
quotequote all
I've not noticed a change, however we just shop for the best price product rather than sticking to the one brand.

s2art

18,942 posts

279 months

Saturday 29th July 2017
quotequote all
///ajd said:
The pound crashing is not related to brexit nor does it affect the price of imported goods, no prices in shops which have not gone up. Not in brexitland. Oh no. Nothing to do with my vote.
The pound was approx 15% overvalued before the Brexit vote. The vote triggered the dip, but it was going to happen sooner or later. Given that this happened a year ago, it would be strange to assign price rises now as directly related to it. Look elsewhere for additional reasons.

PurpleMoonlight

22,362 posts

183 months

Saturday 29th July 2017
quotequote all
s2art said:
The pound was approx 15% overvalued before the Brexit vote. The vote triggered the dip, but it was going to happen sooner or later. Given that this happened a year ago, it would be strange to assign price rises now as directly related to it. Look elsewhere for additional reasons.
Manufacturers and retailers have sought to absorb the additional cost. Not doing so was going to happen sooner or later.

jjlynn27

7,935 posts

135 months

Saturday 29th July 2017
quotequote all
s2art said:
The pound was approx 15% overvalued before the Brexit vote.
You know about GBP real value as much as you know about WTO. In other words; grand total of fk all.

s2art said:
The vote triggered the dip, but it was going to happen sooner or later. Given that this happened a year ago, it would be strange to assign price rises now as directly related to it. Look elsewhere for additional reasons.
You don't know if it 'was going to happen sooner or later'. Given that dip has happened year ago, prices were on increase ever since. Forward contracts are coming to an end, prompting further effect of fx on prices.