Ot cost of living

[crashbang]

Glad it's gone down supposedly, just popped into Sainsbury's for a litre of ev olive oil.
£9.60. looks like a trip to Aldi.

[UlleyMiller]

What a mess. Prayers and positive thoughts going out.

[Heliosphan]

Glad it's gone down supposedly, just popped into Sainsbury's for a litre of ev olive oil.
£9.60. looks like a trip to Aldi.

Reyt.

[Grist_To_The_Mill]

Glad it's gone down supposedly, just popped into Sainsbury's for a litre of ev olive oil.
£9.60. looks like a trip to Aldi.

It hasn't gone down though, the rate of increase is just slower

[Redshank]

We're brainwashed to accept inflation as a fact of life, even though we live in a free market.

The natural state of a free market is deflationary. Prices should always fall to the marginal cost of production.

So why do prices continually go up?

[clarkey1974]

What a mess. Prayers and positive thoughts going out.

to popeye..!.

[great_fire]

We're brainwashed to accept inflation as a fact of life, even though we live in a free market.

The natural state of a free market is deflationary. Prices should always fall to the marginal cost of production.

So why do prices continually go up?

Blame Bretton Woods, didn't happened when we were on the gold standard.

Pretty sure they've fiddled the figures when it come to food inflation, many prices have doubled.

[Jocksgloves1]

As soon as the government waved through the massive hikes from the power companies without questioning it was open market for everyone else.
I shop at Tesco's, they keep telling me the prices are coming down. Not in our store they're not.

[CTMilller]

We're brainwashed to accept inflation as a fact of life, even though we live in a free market.

The natural state of a free market is deflationary. Prices should always fall to the marginal cost of production.

So why do prices continually go up?

Competitive market forces are only one of several factors that influence prices even in a free market economy. Geopolitics and the weathers’s effect on harvest are just two of several others that drive up margins and therefore prices.

To Crash’s point, olive oil prices have risen rapidly largely because of back-to-back poor harvests.

[Brin]

Glad it's gone down supposedly, just popped into Sainsbury's for a litre of ev olive oil.
£9.60. looks like a trip to Aldi.

Crash, at Aldi it use to be £4.79 which was reasonable but now it's somewhere in the £6+ price. I use to buy the Terra De Bari Castel del Monte extra virgin version but that's gone through the roof so now buy the Solesta version, just as good but cheaper.