Cost of living squeeze in 2022, 23 & 24 (Vol. 2)

[RayDonovan]

Louis Balfour said:

RayDonovan said:

I supply Supermarkets and we're having very difficult conversations around pricing at the moment.

Very easy to see where price gouging is taking place sadly..

Can you expand on this?

More than doubling their margin on line(s) through a higher sell price when no cost price increase has been delivered by the supplier. Appreciate their cost to serve has increased but we're looking at margins +50%

[GroundEffect]

It's capitalism innit.

[SWoll]

Earthdweller said:

J4CKO said:

Dracoro said:

Bullett said:

KAgantua said:

Bullett said:

We have an Ipace. It's got a 90kWh battery we probably fully charge it once a week, about 80kWh @ 32p call it £26 a week. Officially 240 mile range but in reality closer to 220 pottering and 180-200 if you are doing high motorway speeds. 13ppm, still cheaper than running my Mini at around 21ppm.

That really cold month our combined bill hit just over £700. 5 bed detached 1970's house, 2 kids and I mostly work from home so some daytime heating. We have brand new double glazing and insulated walls. Heating has been on for just over an hour today (6am to about 9.30) and the temp is currently 16.8c at the thermostat.

Must really be spanking it to hit 900 but two electric cars will drive a lot of that. Or a swimming pool or hot tub.

Stupid question but how much does it cost to charge a car like that up fully?

I mention it in the post, we are on 32p standard rate and the battery holds 90kWh. So £24 to £28 nearly empty to full.

So, for example, a petrol car doing 45mpg requires 4.8 gallons to cover same 220 miles. 4.8 gallons cost about £33.

So electric is barely cheaper than a petrol car. Presumably if you charge up at public charging stations, it's more expensive than petrol?

You are effectively comparing an Ipace, which is a large luxury electric SUV to a VW Up! there, if you compare Apples with Apples, the equivalent large petrol SUV might scrape half of 45 MPG, even comparable diesel ones dont generally do 45 mpg.

Well they do

My diesel X3 will do 45mpg easily on a run, the average over the last 83k miles is 40mpg ( 220m £36)

My Mini Countryman D, again a fairly big car will do 65mpg + on a run, long term average is around 55mpg over nearly 60k miles ( 220m cost £26)

My 3.0 petrol BMW Z4 will do 40mpg on a run, touring mid 30’s (220m £36)

My little Fiat does 50mpg for fun
So about £28 to do 220 miles

There’s very little in it, and that’s against domestic charging .. put against public charging then all the above would be cheaper to run than the EV

He did say comparable? Which of the examples given is a large SUV with 400hp capable of 0-60 in around 4 seconds?

The X3 is the closest I suppose, but is far more like a Model Y SR in size and performance and the Tesla will do 4+ miles/kWh so <8p per mile (at 32p kWh) v 16p per mile in diesel for the X3.

We are on an E7 deal where we get 7 hours per night at 17p kWh, so the Tesla would cost around 4p per mile or a quarter of the X3's running costs for us to charge. Our large and horribly inefficient etron 55 with 400hp costs us around 6p per mile, or approx half the cost of your Mini Countryman D.

[Earthdweller]

SWoll said:

Our large and horribly inefficient etron 55 with 400hp costs us around 6p per mile, or approx half the cost of your Mini Countryman D.

I can 100% guarantee my countryman costs way way less to run than your etron thing

[SWoll]

Earthdweller said:

SWoll said:

Our large and horribly inefficient etron 55 with 400hp costs us around 6p per mile, or approx half the cost of your Mini Countryman D.

I can 100% guarantee my countryman costs way way less to run than your etron thing

From a TCO perspective I would certainly hope so, but that's the cost of having nicer things and would be true of pretty much any car in that price range regardless of the drivetrain.

As per the topic being discussed though, I can 100% guarantee it costs way less to fuel in our circumstances, despite being considerably larger, heavier and higher performing.

As a matter of fact, with the current energy bill support payments one could argue it's been free to charge for 1000 mies per month since October.

[poo at Paul's]

Etron 55 is now a ‘nicer thing’, huh?

The imagine.

[SWoll]

poo at Paul's said:

Etron 55 is now a ‘nicer thing’, huh?

The imagine.

Than a Mini Countryman? Having owned both, most definitely.

[Catastrophic Poo]

poo at Paul's said:

The imagine.

Christ, that was a while ago.

[SWoll]

Catastrophic Poo said:

poo at Paul's said:

The imagine.

Christ, that was a while ago.

A true classic though. Up there with the Jason Plato custard test and dominating the stairs threads.

Been a while since we've had anything worthy.

[turbobloke]

Grocery inflation now 17% though the only news to people who do any food shopping is how they keep the selected basket rate as low as it is.

[eltawater]

turbobloke said:

Grocery inflation now 17% though the only news to people who do any food shopping is how they keep the selected basket rate as low as it is.

It's completely detached from reality, is what it is.

This was £1.79 last week. Even Morrisons are now cheaper at £1.99 per 500g. The entire Aldi Price Match scheme now seems like an excuse to ratchet up the price to whatever Aldi are now charging, rather than an opportunity to undercut it.

[Bathroom_Security]

Have to laugh in disbelief at the price increases.

We can swallow this fine, but this must be genuinely concerning to people. Some member on here saying he had to find another £1000 a month, but had no more wiggle room to give as it was so was genuinely fked (I think that's an appropriate term actually). What do people do then, sell their home? Rack up debt?

Like the petrol thread when does this madness end?

Gas prices are coming down considerably soon, I'm expecting this bullst wont last too much longer but will companies do the right thing and reduce prices? I think not. So wages will again need to increase to cover the increases.

[skwdenyer]

eltawater said:

turbobloke said:

Grocery inflation now 17% though the only news to people who do any food shopping is how they keep the selected basket rate as low as it is.

It's completely detached from reality, is what it is.

This was £1.79 last week. Even Morrisons are now cheaper at £1.99 per 500g. The entire Aldi Price Match scheme now seems like an excuse to ratchet up the price to whatever Aldi are now charging, rather than an opportunity to undercut it.

So important to read the above in conjunction with this:

RayDonovan said:

More than doubling their margin on line(s) through a higher sell price when no cost price increase has been delivered by the supplier. Appreciate their cost to serve has increased but we're looking at margins +50%

“The market” only works for so long as people haven’t been conditioned to expect price hikes. Now they have, all bets are off. Need for the media to get into this in a big way.

[RayDonovan]

Food prices in the whole won't reduce, especially anything branded.

The high levels of inflation are masking an overall issue across branded food manafacturers where across many categories, volume is significantly down and value is being propped up by the price rises. Short-term this is ok, but like many industries, factories require the volume to wash through the fixed cost of production.
Longer term, more aggressive promotions will start to re-appear in order to deliver the volume - that should help to control the item price and ensure that average unit price remains low (ish).
People are buying less food and switching to private label from branded across pretty much every category, nightmare scenario for some branded operators where you can buy 95% of the quality for 50% of the cost (tinned products for example).

Luckily we sell unique products that are tough, if not impossible to replicate..

[Saweep]

Many predicted this last year given fertiliser shortages/costs and other related issues that were covid hangovers exacerbated by the Ukraine War.

I'm a high earner and have never, ever even looked at the price of the things we buy at the supermarket before...I did the shopping for the first time in yeas last week and I was stunned by some of the item prices to be honest!

I'm not sure how those on average wages or below actually cope. Must be awfully stressful.

We are in a right mess as a country.

[okgo]

A bottle of white we sometimes get from Lidl has gone from £5.50 to £7.50. Meanwhile I’m pretty sure Villa Maria has remained £9 for the entire time. I do wonder if some places are taking the piss (Lidl).

https://www.lidl.co.uk/p/white-wine/new-zealand-sa...

[RayDonovan]

okgo said:

A bottle of white we sometimes get from Lidl has gone from £5.50 to £7.50. Meanwhile I’m pretty sure Villa Maria has remained £9 for the entire time. I do wonder if some places are taking the piss (Lidl).

https://www.lidl.co.uk/p/white-wine/new-zealand-sa...

100% some places are taking the piss and I have first hand knowledge. Some Grocery outlets are absolutely seeing this as an opportunity to improve their cash and margin position.

[CoolHands]

Ahhh I’ve finally found the cost of living thread, and I’d like to put in my complaint please. I bought two packs of socks at M&S - one pack was 12 quid. I went to change one pack for a posher set and they’re now all 3 quid more! So 15 quid for this particular pack - a 25% increase. All their others were the similar eg the 15 quid ones now 18 quid etc

So generally 20-25% increase all round. WTF and no I don’t believe increased shipping costs or some bks, it’s all made in Bangladesh for 30 pence.

[CoolHands]

Also someone had posted this pic of mcvities in sainsbury. fking pisstake . I had a look on their website and at the moment they’re ‘only’ £3 so it’s genuine. 2 quid in asda; 1.49 in b&m ; 1.75 in coop

[Bullett]

CoolHands said:

Ahhh I’ve finally found the cost of living thread, and I’d like to put in my complaint please. I bought two packs of socks at M&S - one pack was 12 quid. I went to change one pack for a posher set and they’re now all 3 quid more! So 15 quid for this particular pack - a 25% increase. All their others were the similar eg the 15 quid ones now 18 quid etc

So generally 20-25% increase all round. WTF and no I don’t believe increased shipping costs or some bks, it’s all made in Bangladesh for 30 pence.

Sorry to say this but - Primark.
5 pairs, £5-£8 depending on design, they wear as well as the M&S ones.