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

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

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Discussion

Saleen836

11,116 posts

210 months

Tuesday 28th February 2023
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CoolHands said:
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

Double pack giving a little more than the single pack £2.25 in tesco https://www.tesco.com/groceries/en-GB/products/313...

soupdragon1

4,065 posts

98 months

Tuesday 28th February 2023
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skwdenyer said:
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.
Media won't find anything as there is nothing to find. I'm a Tesco and Sainsbury's shareholder (dividends and safe place to park money) and profit margins are going backwards this year

With inflation, everyone's sales will be up, however expectation is reduced profit YOY and on a backdrop of increased sales and lower profit, it simple maths to say that equals lower margin. Margins were already low last year and I think the overall industry was around the 2 or 3% area so it's already baked in to be another low margin year.

Once you get sub 2% margin, you're now looking over your shoulder at possibly making a loss and that obviously isn't a good place to be.

Ocado just announced they operated at a loss of £500m in the last financial year.

Its a competitive market and price gouging just doesn't happen here in the UK.

CoolHands

18,672 posts

196 months

Tuesday 28th February 2023
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Ocado is not a normal retailer and their losses are nothing to do with normal shoppers and profit margins

RayDonovan

4,394 posts

216 months

Tuesday 28th February 2023
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CoolHands said:
Ocado is not a normal retailer and their losses are nothing to do with normal shoppers and profit margins
Indeed, Ocado are a tech provider that dabbles in selling food.

ashleyman

6,987 posts

100 months

Wednesday 1st March 2023
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We randomly decided to go to Toby Cavery tonight. Absolutely rammed. Every single table had covers. We only got our table (didn’t book) on the proviso we were out in an hour.

It was horrible. But the food was alright. And CHEAP!

A random lady in the queue told us to download the app and do the 50% off. So our meal for 2 including drinks was £20.

Not bad considering. Might do it again but take some noise cancelling headphones. !

Shnozz

27,486 posts

272 months

Wednesday 1st March 2023
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ashleyman said:
We randomly decided to go to Toby Cavery tonight. Absolutely rammed. Every single table had covers. We only got our table (didn’t book) on the proviso we were out in an hour.

It was horrible. But the food was alright. And CHEAP!

A random lady in the queue told us to download the app and do the 50% off. So our meal for 2 including drinks was £20.

Not bad considering. Might do it again but take some noise cancelling headphones. !
If the experience was that bad and only saved by alright food and being cheap, surely you’d be better off just buying some nice food from the supermarket and having it at home?!

okgo

38,067 posts

199 months

Wednesday 1st March 2023
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Basically the ‘Spoons model.


ashleyman

6,987 posts

100 months

Wednesday 1st March 2023
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Shnozz said:
ashleyman said:
We randomly decided to go to Toby Cavery tonight. Absolutely rammed. Every single table had covers. We only got our table (didn’t book) on the proviso we were out in an hour.

It was horrible. But the food was alright. And CHEAP!

A random lady in the queue told us to download the app and do the 50% off. So our meal for 2 including drinks was £20.

Not bad considering. Might do it again but take some noise cancelling headphones. !
If the experience was that bad and only saved by alright food and being cheap, surely you’d be better off just buying some nice food from the supermarket and having it at home?!
It was just noisy. But it was more how packed out it was. It’s not exactly luxury but was rammed. Normal people can’t be struggling that much if a place like Tony cavery is at full capacity.

Saweep

6,600 posts

187 months

Wednesday 1st March 2023
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ashleyman said:
Shnozz said:
ashleyman said:
We randomly decided to go to Toby Cavery tonight. Absolutely rammed. Every single table had covers. We only got our table (didn’t book) on the proviso we were out in an hour.

It was horrible. But the food was alright. And CHEAP!

A random lady in the queue told us to download the app and do the 50% off. So our meal for 2 including drinks was £20.

Not bad considering. Might do it again but take some noise cancelling headphones. !
If the experience was that bad and only saved by alright food and being cheap, surely you’d be better off just buying some nice food from the supermarket and having it at home?!
It was just noisy. But it was more how packed out it was. It’s not exactly luxury but was rammed. Normal people can’t be struggling that much if a place like Tony cavery is at full capacity.
Maybe those "normal people" would have gone to Miller and Carter last year?

okgo

38,067 posts

199 months

Wednesday 1st March 2023
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Saweep said:
Maybe those "normal people" would have gone to Miller and Carter last year?
https://www.pistonheads.com/gassing/topic.asp?h=0&f=&t=1914490&d=15761.28219#seperator

ChocolateFrog

25,439 posts

174 months

Wednesday 1st March 2023
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ashleyman said:
We randomly decided to go to Toby Cavery tonight. Absolutely rammed. Every single table had covers. We only got our table (didn’t book) on the proviso we were out in an hour.

It was horrible. But the food was alright. And CHEAP!

A random lady in the queue told us to download the app and do the 50% off. So our meal for 2 including drinks was £20.

Not bad considering. Might do it again but take some noise cancelling headphones. !
They also do Too Good To Go. Was about £2.79 for a meat carvery last time I checked. As long as you wanted a full Sunday lunch at 2000 on a Wednesday.

skinnyman

1,641 posts

94 months

Wednesday 1st March 2023
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I popped into Tesco on the way home last night, needing 2 peppers & 1 red onion, I spent £40, but that's another story.

Anyway, like others I never really used to pay attention to the cost of food, but I did last night, and my god some things have gotten stupid!! I was with my daughter, who wanted a pack of Mr Kipling cakes, it was £3 for 5 small cakes, pretty sure these used to be around £1. Olive oil, tinned soup, cheese, table sauces, all stupid prices. It seems to be mostly the branded items. The one that stuck out for me was Twinnings tea. 20 fruit teabags, £4, meanwhile the Tesco branded fruit tea was £1 for 80. That's 8 times more expensive for the branded offering! I can't be the only one that refuses to buy at these prices. 90% of what I needed to buy ended up being Tesco branded items.

I still think Gousto is good value for what they offer. We get meals for 2 people for 4 days, £38. If chosen well there's enough food left over for me to take to work the next day too, considering the convenience I can't fault it.

Vanden Saab

14,118 posts

75 months

Wednesday 1st March 2023
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skinnyman said:
I popped into Tesco on the way home last night, needing 2 peppers & 1 red onion, I spent £40, but that's another story.

Anyway, like others I never really used to pay attention to the cost of food, but I did last night, and my god some things have gotten stupid!! I was with my daughter, who wanted a pack of Mr Kipling cakes, it was £3 for 5 small cakes, pretty sure these used to be around £1. Olive oil, tinned soup, cheese, table sauces, all stupid prices. It seems to be mostly the branded items. The one that stuck out for me was Twinnings tea. 20 fruit teabags, £4, meanwhile the Tesco branded fruit tea was £1 for 80. That's 8 times more expensive for the branded offering! I can't be the only one that refuses to buy at these prices. 90% of what I needed to buy ended up being Tesco branded items.

I still think Gousto is good value for what they offer. We get meals for 2 people for 4 days, £38. If chosen well there's enough food left over for me to take to work the next day too, considering the convenience I can't fault it.
£9.50 for a meal for two that you have to prepare and cook yourself...yikes

skinnyman

1,641 posts

94 months

Wednesday 1st March 2023
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Vanden Saab said:
£9.50 for a meal for two that you have to prepare and cook yourself...yikes
Exact ingredients, so no waste. Delivered to your door, so no shopping. Prepared recipes, so no time spent searching for them.

Also, have you purchased meat or fish recently? There goes most of your £9.50

garagewidow

1,502 posts

171 months

Wednesday 1st March 2023
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^Same with us but Hello Fresh.
For us it's just the convenience,other half works evenings at home mostly and when i get home it's just so much easier to follow the card recipes and knock up the meal,some of which i think are really good plus there are no additives or preservatives apart from the odd sachet of spices/herbs,i find i get bloated after eating some ready meals so mainly avoid.

If there are any items missing or damaged then nearly always get a discount/partial refund,i suppose you could take the piss and try it on alot but depends on where your conscience lays.

as for food shopping i hate doing it,too much choice means i would be there for hours and probably leave frustrated so do have a delivery for other items.

ashleyman

6,987 posts

100 months

Wednesday 1st March 2023
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skinnyman said:
I still think Gousto is good value for what they offer. We get meals for 2 people for 4 days, £38. If chosen well there's enough food left over for me to take to work the next day too, considering the convenience I can't fault it.
We have just got our first box and trying it out this week. We're spending £88 a week on food between us. The Gusto box should make that closer to £50 a week which is an overall saving.

okgo

38,067 posts

199 months

Wednesday 1st March 2023
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Not really though as you have two other meals a day and general other things you’ll consume (milk, tea, coffee, bread etc)

They’re not a saving of any kind apart from ‘effort’.

raceboy

13,108 posts

281 months

Wednesday 1st March 2023
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Vanden Saab said:
£9.50 for a meal for two that you have to prepare and cook yourself...yikes
To put that into perspective our weekly shop, for 2 adults eating 3 meals a day, 7 days a week averages £50, so about £1.20 a meal paperbagsome of those meals may be a bowl of cornflakeswink

CharlesdeGaulle

26,292 posts

181 months

Wednesday 1st March 2023
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okgo said:
Not really though as you have two other meals a day and general other things you’ll consume (milk, tea, coffee, bread etc)

They’re not a saving of any kind apart from ‘effort’.
That's my thinking. Nothing wrong with those menu boxes per se, but to suggest it's the cheapest way of eating is madness. It may well be one of the easiest, but you can definitely eat well cheaper.

Carl_Manchester

12,222 posts

263 months

Wednesday 1st March 2023
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Saweep said:
Maybe those "normal people" would have gone to Miller and Carter last year?
indeed. the Sunday roast at my local pub in Manchester has gone up to 23 pounds per person. single course.