Inflation

In Dunnes you pay for those €10 off €50 coupons with higher prices

It's worth getting to a point where you are just comfortable doing without a lot of stuff. Easier now than later.

I blame that wanker Phillip Lane the great Irish man who's their chief economist.

To be fair to the ECB, there inflation is 7.5% but the core inflation is only in the 2% region. I think US is 8.3% and core 6% so that's why the Fed is acting quicker.

ECB is waiting for Energy prices to drop due to an incoming downturn so demand will cool it off. What they are not factoring is the Food price inflation that will not drop due to the Fertiliser price and due to this 300% increase farms are producing less to save on input costs meaning a food shortage as well as the shortage of grain in Russia and Ukraine.

The era of cheap food is over and the ECB just think that Food inflation is based off energy costs to some degree yes but when shortages get baked into the system the price of food will start to spiral. I personally think this will be the ECBs undoing

People can afford to pay an extra 50cent on a burger or a loaf of bread, look at the property market, millions of peoples have mortgages, when interest rates go up by 1 per cent, mortgage cost per month go 30 per cent approx Look at the USA, all tech stocks down by 20 to 30 per cent , bitcoin digital currencys down by 50 per cent, and the EU wants to ban all oil imports from. Russia. All factory's rely on oil, gas or electricity to run plus transportation costs are rising. There's no easy way to stop inflation without putting the economy into recession. Those who do not learn from history are doomed to repeat it. In the 70s we had oil crisis, inflation , war in the middle east. And the world is still recovering from the pandemic. Yes Russia has to be sanctioned but the EU needs oil and gas to keep factory's running .

I wonder do these clowns realize that Turkeys also eat the same grain and feed that chickens get. All food price is going to spiral and this is going to be the undoing of most central banks as food price is what will keep the inflation numbers stubbornly high for the next few years.

...again, the problem has now become private debt, the solution, increasing public debt, but to use this to create new assets, such as new properties, and other assets, such as significantly improving our most critical of needs, health care system, energy systems, etc etc etc

you do realise we re already in serious trouble regarding these issues.....

I think we have been underpaying for food for a while now and in isolation I don't mind food prices going up if it meant the producers were getting a bit more but absolutely everything is gone up and less offers on consumer goods. Like we've been able to buy 16oz of rib eye steak and a whole chicken for less than the price of a pint each. Aldi and Lidl are still very good value even with prices creeping up, I cook all my meals from scratch, its really the only way. Met a client for lunch the other day, cost me €15 for a toastie and coffee, its just totally unsustainable.

The horsebox, shipping container coffee outlets will be in trouble.

I bet the Pandemic toilet roll hoarders are feeling pretty smug right now.

Hahaha. Yeah. I wasn't one of them, but I'm sure they are.

Yes, it's a complete and utter car crash.

UK heading towards a recession before the end of the year, hard to see us going any other direction.

Booked a week in the sun for June and it was 630 Euro

Had a look at apartment in inch for same week. 1 bed apt 1750 euro

Obviously you can get cheaper but I was using the apt as basis for comparison and that's without the issue of irish weather.

Oddly, fast food sales goes up in recessions- it’s one of the few “luxuries” some people can still afford- even though the prices are increasing rapidly this time