Inflation

road_high · 25-05-2022 11:07pm

https://www.boards.ie/discussion/comment/119114681#Comment_119114681

I agree with social housing. But I don’t agree with handing it out to welfare lifers. The whole system needs radical transformation but it’s so imbedded and multi generational now that we are far too gone

26-05-2022 12:23am

https://www.boards.ie/discussion/comment/119113817#Comment_119113817

Let’s agree to disagree. My own very recent directly comparable experience would lead me to advise anyone renting that they’d be better off in London. But you’ve a different experience.

titan18 · 26-05-2022 7:22am

https://www.boards.ie/discussion/comment/119114422#Comment_119114422

I definitely find London cheaper for food for similar items when I'm there. Things like meat and milk are the exception, but for most of what I'd eat, London prices are slightly cheaper, and there's more choice when it comes to where you shop too.

Indestructable · 26-05-2022 12:46pm

The UK announcing a raft of new measures to help with inflation over there. Surely our lot will be under pressure to follow suit. £200 more for energy bills for them. £650 for low income households.

c.p.w.g.w · 26-05-2022 2:14pm

The think the issues facing many Britons is worse...the energy bills in the UK seem to be significantly higher than ours in...

Happy to be corrected on this, but I know a few living in England and their energy bills & Council Taxes are crippling compared to what we face here in Ireland, also our welfare is more generous than the universal credit on offer in the UK

PokeHerKing · 26-05-2022 2:18pm

https://www.boards.ie/discussion/comment/119117266#Comment_119117266

Id be interested to know as well. I'd be pretty surprised if mainland UK customers were paying more than us for energy.

c.p.w.g.w · 26-05-2022 2:20pm

The people I know, it's more a higher percentage of their earnings... going to Energy & Council Taxes...

Now UK is massive compared to Ireland and very variable between regions

26-05-2022 2:22pm

https://www.boards.ie/discussion/comment/119116744#Comment_119116744

Well no, they're measures to "help" cover up the issue while making it worse.

Indestructable · 26-05-2022 2:25pm

https://www.boards.ie/discussion/comment/119117330#Comment_119117330

Yeah, that's more accurate in fairness.

26-05-2022 4:27pm

https://www.boards.ie/discussion/comment/119117347#Comment_119117347

It's baffling. We were due a recession, Covid came, temptation was to paper over the cracks, understandable. Inflation was a side effect that was seen coming (only by nuts like me who think massively increasing the money supply while supplies for many good and services still is nowhere near recovered) but surely once the war and energy prices came in they'd realise that they were just spending themselves into a much, much bigger catastrophe. Especially with the Brits, they should (but aren't it would seem) be at least somewhat insulated compared to Europe for energy prices and Sterling has done fairly well against the Euro so there's still plenty of suppressed inflation for them.

dorothylives · 26-05-2022 6:27pm

https://www.boards.ie/discussion/comment/119117266#Comment_119117266

Their energy bills are worse, a few people I know over there are paying almost double now for their energy bills than this time last year and it's looking like energy prices will rise again. Scary times for people on low and fixed incomes, for most people really.

dorothylives · 26-05-2022 6:29pm

https://www.boards.ie/discussion/comment/119116744#Comment_119116744

There's nothing left for our government to give Irish people. Even the emergency Covid payment money was used on Ukrainian refugees. Housing Minister has told County Councils to spend spend spend on finding places for them to live.

AngeloArgue · 27-05-2022 12:19am

Ireland is particularly liable to have higher inflation than the rest of the Eurozone. We are a high cost country with lots of FDI and financial money coming in. And as I said in an earlier post it might just suit the Irish government in terms of inflating away debt.

If the ECB is more in tackling recession mode rather than tackling inflation mode then we could see a monetary policy that more suits central Europe than it suits a booming economy on the periphery.

Remind you of anything?

Yes, the early 00's when our property market bubbled. Lagarde seems very reluctant to go aggressive with interest rates and now appears more concerned with recession in continental Europe.

Where does this leave Ireland?

We may see inflation remaining high in Ireland and questions will arise about our competitiveness. But booming high tech cities generally do drive higher cost of living prices, i.e. San Francisco etc..

miece16 · 31-05-2022 1:33pm

Inflation for the month ending May has risen from 7.4% in March/April to 8.1%

Quite a jump

Will we see double digits by the end of summer?

combat14 · 01-06-2022 6:13pm

labour party today looking for summer bonus payment for non-workers and €15 euro per week rise for social welfare recipients

when will those in employment who pay for this largesse get pay increase themselves to mitigate again surging inflation.......

An Ri rua · 02-06-2022 12:36am

https://www.boards.ie/discussion/comment/119139431#Comment_119139431

CPI may eventually get there yes.

But inflation is already at double digits. It's baked in. When they created the extra euros, they devalued the incumbent currency and hence it's just a matter of that largesse expressing itsllelf.at the other end of the system.

Don't mind the CPlie.

c.p.w.g.w · 02-06-2022 12:51am

https://www.boards.ie/discussion/comment/119145772#Comment_119145772

Christ I got a €20 a week raise last week, but after tax is it's only about €14...while I am paying nearly €2 a litre for petrol to get to work...it's fare frustrating

rob316 · 02-06-2022 2:18pm

Every single day you wake up poorer, that's the reality of it now.

Shanghai is reopening now that will push up freight demand again and prices, the shipping companies are making outrageous profits while consumer goods imported will rise again on top of the increase in fuel prices. It is going to get so much worse until it peaks and reverses.

Pussyhands · 02-06-2022 3:05pm

https://www.boards.ie/discussion/comment/119145772#Comment_119145772

Ah the Labour Love Island Bonus

Labour are as irrelevant as ever.

downtheroad · 02-06-2022 3:13pm

https://www.boards.ie/discussion/comment/119145772#Comment_119145772

Every cafe, restaurant and bar is crying out for staff. It's time that jobseekers are actually made seek out a job. Why would we increase the weekly payment to non-workers.

02-06-2022 3:51pm

https://www.boards.ie/discussion/comment/119149687#Comment_119149687

Because **** you. That's basically their logic.

Like if you're getting rent paid or social housing that's the guts of a full minimum wage job on its own. Rents going up by a couple of hundred a month? Sure widening the tax bands to save workers 500 a year will cover it? We all know it won't but that'll be the height of their ambitions.

riclad · 03-06-2022 4:30am

Some non EU country's will be hit worst, country's that depend on tourism, that import food and that rely on importing oil gas tourism has not recovered in many country's , may people will switch to buying Tesco aldi products . We had high inflation before but if you are under the age of 30 you won't remember it, gen z grew up with zero inflation so its probably a shock to them

The main increase for gen z was house prices and high rents

When the cost of food bread goes up in country's like India Iran and

African country's t causes political unrest

03-06-2022 10:42am

https://www.boards.ie/discussion/comment/119149868#Comment_119149868

One day later, oh look https://www.rte.ie/news/ireland/2022/0603/1302821-housing-assistance-payment/ 35% increase in HAP discretionary cap (because a huge proportion already get more than the headline maximum). That'll calm inflation right down and brings rents right down. 😑

Potatoeman · 03-06-2022 11:18am

https://www.boards.ie/discussion/comment/119149650#Comment_119149650

The workers party is now the non workers party.

zell12 · 03-06-2022 11:25am

Tortilla wraps in Lidl have gone from 79c ->99c, a 25% increase

Patsy167 · 03-06-2022 4:50pm

While prices may be rising here, it appears to be much worse elsewhere across the world.

https://www.theguardian.com/food/2022/jun/03/why-does-this-iceberg-lettuce-cost-1199-and-how-long-will-australias-high-vegetable-prices-last

An Ri rua · 04-06-2022 4:13pm

https://www.boards.ie/discussion/comment/119152724#Comment_119152724

I'm H A P P Y.

I'm H A PP Y.

I know I am.

I'm sure I am.

I'm HAP P Y

An Ri rua · 04-06-2022 4:17pm

https://www.boards.ie/discussion/comment/119149301#Comment_119149301

If you stay in fiat currencies, you wake up poorer.

Venezuela, Lebanon, Turkey, you stuff right now when you get paid.

At the height of the Weimar inflation, workers were paid twice daily.

Buy what you need for the next 12-24 months upfront. Alternatively, sell your counterfeit confetti to a willing victim and be paid with real money;- gold or silver.

Yurt2 · 04-06-2022 11:06pm

https://www.boards.ie/discussion/comment/119147396#Comment_119147396

Mark Blyth (economic historian and political scientist at Brown) holds that the link between the inflation we're currently experiencing and the pandemic income supports in the US / Europe is negligable. In the case of the US, the Federal cheques were issued and spent 9-12 months before the current bout of inflation took hold, and if there was a smoking gun that the supports were the cause of inflation, it would have been immediately obvious then. There may be marginal second order effects on prices, but they were and are overstated. Countries that had next to no income replacement supports are experiencing the inflation as well.

He holds (and I'd be confident this is the case as well), that unprecedented shocks to the supply chain are for the most part responsible. Top-tier commodities from oil, gas and agricultural inputs from Russia all contstrained in a flash, and one of the world's largest workshops in the greater Shanghai area locked down for months on end.

combat14 · 05-06-2022 2:00pm

‘Costs are off the absolute charts’, say Cork hoteliers

https://www.echolive.ie/corknews/arid-40886555.html

cork hotelier attempts to justify the nose bleed hotel room prices being charged...

Inflation

Comments