Possible better news ref. UK inflation
Discussion
I posted this good news on one of the inflation related topics, but was told ...........
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I knew that the global oil price has reduced from its recent peak, but was surprised today to realise the following;
(Have only looked at three commodities.)
Oil, Gas and Wheat are all now trading, at almost the same prices as they were, before the Ukraine invasion.
The reduction from peak is considerable.
That should eventually have a better effect on our retail inflation numbers, by actually reducing prices of these staple commodities (not just reducing the rate of price increase).
Jon39 said:
Oil, Gas and Wheat are all now trading, at almost the same prices as they were, before the Ukraine invasion.
The reduction from peak is considerable.
That should eventually have a better effect on our retail inflation numbers, by actually reducing prices of these staple commodities (not just reducing the rate of price increase).
I suspect much of it will be bagged by the wholesalers and retailers as extra profit. If people are used to paying £1.95 for a loaf, why cut it to £1.20 when the punter will be pleased to see £1.75 and think - 'Ooo 20p less!' The reduction from peak is considerable.
That should eventually have a better effect on our retail inflation numbers, by actually reducing prices of these staple commodities (not just reducing the rate of price increase).
What the country needs is a not-for-profit supermarket chain - no boardmembers, no fat cats, just a good supply chain, decent products, decent wages for employees.
I bet you could crowdfund it to get the first one going - you'd soon see the majors s
tting themselves and dropping prices like an oiled turd.
I bet you could crowdfund it to get the first one going - you'd soon see the majors s
tting themselves and dropping prices like an oiled turd.ReverendCounter said:
What the country needs is a not-for-profit supermarket chain - no boardmembers, no fat cats, just a good supply chain, decent products, decent wages for employees.
I bet you could crowdfund it to get the first one going - you'd soon see the majors stting themselves and dropping prices like an oiled turd.
It's called the co-operative.I bet you could crowdfund it to get the first one going - you'd soon see the majors s
tting themselves and dropping prices like an oiled turd.CraigyMc said:
ReverendCounter said:
What the country needs is a not-for-profit supermarket chain - no boardmembers, no fat cats, just a good supply chain, decent products, decent wages for employees.
I bet you could crowdfund it to get the first one going - you'd soon see the majors stting themselves and dropping prices like an oiled turd.
It's called the co-operative.I bet you could crowdfund it to get the first one going - you'd soon see the majors s
tting themselves and dropping prices like an oiled turd.If you only shop in the CoOp you get used to thinking you're in East Berlin. Then you go to Waitrose, Tesco etc and it's wow, the shelves are full, so much stuff, so much choice! And the CoOp is not cheap.
CraigyMc said:
ReverendCounter said:
What the country needs is a not-for-profit supermarket chain - no boardmembers, no fat cats, just a good supply chain, decent products, decent wages for employees.
I bet you could crowdfund it to get the first one going - you'd soon see the majors panicing dropping prices like a stone.
It's called the co-operative.I bet you could crowdfund it to get the first one going - you'd soon see the majors panicing dropping prices like a stone.
- You beat me to it.They have shown for decades, how to run a not-for-profit supermarket (in to the ground).
However, it was probably not their original intention to be not-for-profit.
Being so poorly managed, it went from I think, once having about 50% of the whole grocery market, to hardly registering on the market share score board.
At last though, they really thought that they had found an experienced dynamic leader, suitable for the whole Co-op group. Someone who could propel the business to great success. What could possibly go wrong?
Being an honorable Methodist minister, he was going to be the star performer and save the business from its difficulties, but no, even their recruiting department turned out to be hopeless.
Their vicar became nicknamed, the Crystal Meth, after being caught and pleading guilty, to buying and using illegal drugs.
The supermarket business is not at all easy and only succeeds with the very best management. Even Tesco went through wobbly periods, when they had poor leadership.
If Walmart and Amazon (Whole Foods & Amazon Fresh) cannot succeed in the UK, then that shows it is certainly not a game for amateurs.
Edited by Jon39 on Tuesday 3rd January 23:29
ReverendCounter said:
What the country needs is a not-for-profit supermarket chain - no boardmembers, no fat cats, just a good supply chain, decent products, decent wages for employees.
I bet you could crowdfund it to get the first one going - you'd soon see the majors stting themselves and dropping prices like an oiled turd.
If you don't have board members, who runs it?I bet you could crowdfund it to get the first one going - you'd soon see the majors s
tting themselves and dropping prices like an oiled turd.The supermarket industry is famously brutal with very low margins so there won't be much potential for efficiency saving anyway.
ReverendCounter said:
What the country needs is a not-for-profit supermarket chain - no boardmembers, no fat cats, just a good supply chain, decent products, decent wages for employees.
I bet you could crowdfund it to get the first one going - you'd soon see the majors stting themselves and dropping prices like an oiled turd.
you could call it the co-opI bet you could crowdfund it to get the first one going - you'd soon see the majors s
tting themselves and dropping prices like an oiled turd.Mr Penguin said:
If it's down to Brexit, why are so many other countries in the same boat?
The pandemic has greatly increased the proportion of the inactive workforce. That applies to many countries, UK, EU, US etc.We have the bonus of no longer having EU freedom of movement. It's remarkable that some appear to believe this hasn't made any difference to the labour market in the UK. But hey, I can pronounce all my employee's names now, so woohoo.
markiii said:
Mr Penguin said:
GiantCardboardPlato said:
i.e. brexit
If it's down to Brexit, why are so many other countries in the same boat? 
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