Inflation

I vaguely remember those rates being advertised. So that would be bit more than 8% annual. 5 years is grand for a person coming up to retirement but might not suit everyone.

But did deposit rates beat inflation when it was high? I don't mean spikes - I mean the years when "normal" was a higher level. Before we got cheap Euro money.

Some adult incontinence products (that weren't cheap in the first place) have increased by over 30% in the last month in Tesco. As this is AH I expect jokes but this really is no joke for elderly and disabled people who need them Also, it affects everyone if the HSE is having to pay out more public money for similar products.

An inflationary spiral is a bad, bad thing for many. The more complex your family situation (e.g. single parents of young kids), the worse it is.

For those with savings, I expect token interest rate rises that won't come close to matching inflation.

What can people do? Adopt an anti consumerist mentality. Adjust lifestyle as much as possible. No more skysports, Apple products, breakfast cereals (Kelloggs muck) alcohol. There is no need to be showering every day, that is sheeple thinking. Also If you eat a good diet you'll rarely need toilet paper - I haven't wiped my arse for over a year.

It was no spike and that was an example. Yes they beat inflation. But you're determined it was otherwise.

Strange conclusion Jim. I only asked you a genuine question. I was not around when there was high inflation in the likes of the 80's. I get the impression that it was fairly consistently high which is why I asked about those time periods rather than maybe an abnormal "spike" (When the Euro came in, prices jumped because of that so I was not referring to those). We've also had a spike in the last year. It remains to be seen how long it persists, even though it looks likely to

The latter was used to pay for the former.

So although they are separate, yes lockdowns absolutely caused the inflation we're seeing now.

Dont buy toothpaste either.

Gingivitis is all the rage now I hear.

So would it be your position that if Ireland had had no lockdowns, that inflation would not be an issue now?

If no lockdown, most businesses would have been closed anyway. Health services would not have been able to cope. The manpower directed to vaccine rollouts would have been needed in emergency wards. Workplaces would have still had to deal with massive outbreaks. People wouldn't have been going out to the likes of pubs anyway

Yes it's more the cartell practice that they are all selling for exactly €1.69 when marketing and distribution costs would all be different.

or price matching. Margins on milk are miniscule. Its a key "attention" product. Most stores will match each other.

95p (€1.14) for a 1.13 litres (2pints) in tesco here in NI, so 95c for a litre is cheaper than the UK, also cheaper than France (€1.05 for own brand)

from 44c for farmer to 95c pasteurised, packaged and delivered to a store, hardly the work of a cartel

No, I agree that excessive money printing is the reason but the official line is that lockdown needed extreme measures to be taken and fiscal riles to be disregarded.

As I said, for me QE is the excuse looking for a problem and I think there will be a new reason given for it if the Ukraine Russia crisis runs out of justification (eg climate change). It's all to do with propping up pensions and house prices for a certain generation that are at or close to retirement. They are trying to preserve what they have at all costs in order to make it over the line to death. But, of course, quite clearly the next twenty years cannot be like the last twenty years as populism will put short work to that. Even in this country it is clear the tide has shifted and a crash in house prices are actively wished for by half the population which will trend to a higher portion over time.

Welcome to boards.ie bud. May take a few weeks/months to educate yourself.

What were you an expert in before you joined? 😂😂

6 eggs €0.99 now €1.15, 12 eggs €1.99 now €2.29

raising rates isnt gonna solve inflation, as it has little or nothing to do about the money supply, raising will just make a bad situation much worse, as debts become more difficult to service!

supplies are already stuck in significantly disrupted supply chains hence inflation