Rising cost of living

[1andrew1]

Originally Posted by Jaymoss

There are only a few months in it as the graph clearly shows. So if Paul was to say 3 1/2 years ago he would have been absolutely correct as that is when the prices started to rise rapidly. So you are simply arguing for the sake of it Andrew

[/COLOR]In fact any date before 14th May 2019 he is correct so you arguing over less than 3 months out

I'm sorry that you think I'm arguing for the sake of it, I just politely asked for a source as Dave's two links had shown 17%/18% and not 40%.

I don't think that's an unreasonable request to make but as Julian rightly says, "most people can't afford gold to invest so won't affect the vast majority as part of the thread title".

[Julian]

The supermarkets are rightly being accused of not passing on the reduced cost of petrol/diesel.

LINKAGE

Both supermarkets locally are more expensive than small Texaco stations nearby by 3p - 4p a litre.

[Jaymoss]

Originally Posted by 1andrew1

I'm sorry that you think I'm arguing for the sake of it, I just politely asked for a source as Dave's two links had shown 17%/18% and not 40%.

I don't think that's an unreasonable request to make but as Julian rightly says, "most people can't afford gold to invest so won't affect the vast majority as part of the thread title".

But the figures I shown were almost 40% increase 31K to 47K is more than 18%

May 2019 and for a while before steady between 30 and 33K now 47K so it is now according to the google search of 33 to 47 percent change the answer it gave me was 42% so in 3 years and 3 months the price of gold has risen 42%

---------- Post added at 18:09 ---------- Previous post was at 18:03 ----------

and here is the maths to prove it https://coolconversion.com/math/perc...percent-change

Originally Posted by daveeb

In addition to the previous link provided this one confirms 17-18% rise in the last 3 years. Taken straight from the internet.
https://www.bullionbypost.co.uk/gold...ar-gold-price/

In April 2019 it was £970, in April 2022, it was £1525. Thats 57% in 3 years, even better than 40%.
If you bought in Sep 2018, and sold it now (3.9 years) you would have got a whopping 61%.
So fine, go with 3.9 years and 61%, since you want to be super pedantic over a few months.

Originally Posted by 1andrew1

You sure you're not quoting from a day time TV advert? The figures that Dave cites seem closer to the mark.

Dont try and be clever Andrew, you just arent.
You didnt bother to check at all, so you're in no position to try suggest you had any clue.
You would have had to be super "unlucky" to get "only" 18% in the last 3 years (and even if you did, thats still a great return on 36 months).

[1andrew1]

Originally Posted by Paul

In April 2019 it was £970, in April 2022, it was £1525. Thats 57% in 3 years, even better than 40%.
If you bought in Sep 2018, and sold it now (3.9 years) you would have got a whopping 61%.
So fine, go with 3.9 years and 61%, since you want to be super pedantic over a few months.

Dont try and be clever Andrew, you just arent.
You didnt bother to check at all, so you're in no position to try suggest you had any clue.
You would have had to be super "unlucky" to get "only" 18% in the last 3 years (and even if you did, thats still a great return on 36 months).

I don't know why this thing has gone down the rabbit hole it has, all I ever wanted was a link to the data you were using. I blame the weather.

[TheDaddy]

Originally Posted by 1andrew1

I don't know why this thing has gone down the rabbit hole it has, all I ever wanted was a link to the data you were using. I blame the weather.

Don't know why the three year thing is the issue, we didn't have it to sell three years ago

[Taf]

I asked a friend for a washing machine part for another neighbour. He works in a parts depot that imports direct from the manufacturers abroad.

He told me, "Parts from the Far East are only trickling-in due to factory closures during the pandemic, but also because of the lack of transport containers. Second, the transport costs are far higher, and third many manufacturers are now selling to more wholesalers and distributors who are adding their profits on at a high rate than ever before".

His bosses changed their business model from one where parts were sold at the price they paid, with a mark-up and VAT where applicable, to one where parts are being sold at 15% above the price they would have to pay to replace the item, then their mark-up and VAT as applicable.

He checked his listings, and the part which would have been around £12 +VAT 2 years ago, is now £38+VAT. He told me that they normally sell a few every week to repair companies.

I had already tried a few places online whilst waiting to see him. All were about the same price, and many were far higher and had large P+P costs added.

[Mr K]

Britain is suffering the worst inflation crisis of any G7 country after prices surged at their fastest rate in 40 years.

Consumer prices rose 10.1pc in the year to July, the biggest leap since 1982 and a higher rate than in America or the major eurozone countries.

https://www.telegraph.co.uk/business...years/#comment

I thought we 'took back control' ?
What went wrong?

[GrimUpNorth]

Originally Posted by Mr K

https://www.telegraph.co.uk/business...years/#comment

I thought we 'took back control' ?
What went wrong?

We have taken back control, but we've given it to a bunch of idiots who haven't got a clue and the only talent they have is incompetence. I wouldn't trust any of them to even run the milk club in the office and there's only 5 of us so it's not a real head scratcher and pretty much runs itself.

[ianch99]

My son rents in London where rental costs are rising 10+% with some reports over 20%. What I do not understand is that for more landlords who either own the properties outright or have fixed rate buy-to-let mortgages, what would merit these increases apart from greed & price gouging?

Originally Posted by ianch99

My son rents in London where rental costs are rising 10+% with some reports over 20%. What I do not understand is that for more landlords who either own the properties outright or have fixed rate buy-to-let mortgages, what would merit these increases apart from greed & price gouging?

To a certain extent they could point to maintenance costs they’re liable for, but I suspect that here as in many other places there’s a fair bit of opportunistic behaviour.

[Taf]

Whilst waiting for the missus, I nipped into a Spar that has reopened after a THREE YEAR REFIT.

I was gobsmacked by the prices.

250g of own brand butter £3.25!

A bog standard "cheapo" loaf of sliced bread £1.80!

A 4-pint bottle of skimmed milk £2.60!

Paracetamol 16 pack £1.20.

[mrmistoffelees]

Originally Posted by Taf

Whilst waiting for the missus, I nipped into a Spar that has reopened after a THREE YEAR REFIT.

I was gobsmacked by the prices.

250g of own brand butter £3.25!

A bog standard "cheapo" loaf of sliced bread £1.80!

A 4-pint bottle of skimmed milk £2.60!

Paracetamol 16 pack £1.20.

It's a Spar... I'm not surprised , even before this they're one of the more expensive places to shop as you're paying for convenience/location

[1andrew1]

Originally Posted by Taf

Whilst waiting for the missus, I nipped into a Spar that has reopened after a THREE YEAR REFIT.

I was gobsmacked by the prices.

250g of own brand butter £3.25!

A bog standard "cheapo" loaf of sliced bread £1.80!

A 4-pint bottle of skimmed milk £2.60!

Paracetamol 16 pack £1.20.

I'm more intrigued about the three-year refit than the high prices that you get in convenience stores compared to supermarkets!

[Mr K]

Originally Posted by mrmistoffelees

It's a Spar... I'm not surprised , even before this they're one of the more expensive places to shop as you're paying for convenience/location

I was starting to think it's my imagination that's Sainsburys is now cheaper than Morrisons but it's true...
https://www.which.co.uk/reviews/supe...n-aPpYp9j1MFin


The supermarkets take advantage of apathetic customers going to the same place every week. Miss a week and they panic and the offers roll in to the inbox....