groceries

Submitted by arf on 28 November, 2007 - 23:47.

is anyone else having major trouble budgeting at the moment? the prices of basic foods like eggs, bread and butter have gone mental. i bought a bag of flour today for 74p when last week the same flour was 60p. butter that was 52p a few months ago is 90pish now. we're way overspending but we're only buying the same groceries.

29 November, 2007 - 00:43

I now have less money than I've ever had and my lifestyle is no more extravangant than it was a few yrs ago when I seemed to be able to save a few quid.

29 November, 2007 - 01:04

is it gonna keep getting worse? im having a bit of a panic tbh about it at the moment. we're on a really low income and i dont know if i should be preparing for something or what.

29 November, 2007 - 02:26

Well there's not a lot can be done about price rises in an individual context.
It is worrying though, I'm not sure if it's happening hee I tend to buy in the market so prices are fairly low but fluctuate.

29 November, 2007 - 14:12

Price rises in UK :
http://www.telegraph.co.uk/news/main.jhtml?xml=/news/2007/11/13/ncosts113.xml

1) shortages caused by the awful summer weather, crops got ruined, or weren't planted.
http://news.scotsman.com/topics.cfm?tid=521&id=1196582007

2) globally increased demand for wheat for animal food means price rise
http://www.voanews.com/english/archive/2007-10/2007-10-11-voa16.cfm?CFID=164384215&CFTOKEN=10410735

3) various places having severe drought (eg Australia) increases prices also
http://www.smh.com.au/news/drought/australian-drought-drives-up-world-food-prices/2007/11/27/1196036861977.html

4) Conversion of land from producing food to biofuels:
http://www.newscientist.com/article/dn11811-biofuel-production-may-raise-price-of-food--.html

Add in continuing rise in world population, effects of global warming (increase extreme weather patterns, rise in sea levels) etc and peak oil (which will increase the cost of transporting food, packaging etc) and you have the perfect recipe for long-term food price increases.

(I notice the telegraph quotes a price of 33p for a pint of milk - where I live the shop next door charges 60p a pint! (but then I live in a dairy farming area.))

29 November, 2007 - 14:19

Arf

Yeah i noticed some of the items in yesterdays shop had increased from the previous week on the basics like milk and bread. I haven't yet noticed an increase in non-edibles or more "luxury" items like pizza. Am monitoring it tho like you. black bloc

29 November, 2007 - 14:24
29 November, 2007 - 16:16

Yeah - I feel like I have less money now than I ever did and I earn over twice what I did when I left university. Mind, most of that is the cost of now living in London and the hugely increased costs of housing.

Supermarket food is a right rip-off. Except when Sainsbury's was doing nice bottles of whisky for a tenner the other week ...

But things like bread, eggs, milk, etc, are loss leaders marked down cheap but designed to get you in the store to buy all the other stuff you don't need. Now that Xmas is coming the stores don't need to try too hard so up go the prices.

Also - has a store nearby closed down? Supermarkets price according to how much competition there is and the demographic profile of local residents.

29 November, 2007 - 18:31

what we need are some good old fashioned bread riots:-

29 November, 2007 - 22:09

Yes, there is some bad price inflation on food at the moment. Aside from the reasons Mal outlined above, there's also the rising cost of oil. Basically the price of most of what we eat depends on oil, be it in the form of fertilizers, or transport.

My advice would be to shop somewhere where there's some competition - any town or suburb that only has one supermarket will be a rip off. Use markets if you have them near you. Don't buy too much and avoid processed foods and ready meals.

It's not just here, either. There was a national "boycott pasta" day in ITaly recently over rising prices.

Regards,

Martin

29 November, 2007 - 22:41
Quote:
My advice would be to shop somewhere where there's some competition

lewisham market!

29 November, 2007 - 22:47
oisleep wrote:
lewisham market!

I think he means between shops, not with bald guys trying to get as many avocadoes as possible for a pound.

29 November, 2007 - 23:04

thatd be a hell of a trek for me!

29 November, 2007 - 23:15

Though of course Lewisham market is excellent value. smile

29 November, 2007 - 23:17

Why don't you both just rename yourselves the button and be done with it?