Inflation

Weetabix is very expensive In lidl, could be nearly 5 euros while u can get deals in supervalue for them. We do all out shopping in lidl and aldi but some things aren't as nice. Oven chips we buy in lidl as an example we might not finish them and reheat them the next day, they tend to be dry and basically not nice. But when we buy mccains there a nicer chip, but when u reheat them their alot better. I like my chips..

You ll be paying for it one way or another either with your health or your money i know which id pick.

If I want a Donnybrook, I go to the National Stadium or indeed a cemetery Sunday in the Midlands where the masters of faction fighting bring their A game. I find the Special Offers in Aldi provide the occasional ding dong and a Donnybrook or two should some riffraff get distracted from their bargain-price nosh and attempt to swipe my riding and skiing whatnots.

I find that assiduous use of Dunnes vouchers and bulk buying works for me. é.g. I'm working my way through coffee now that I bought maybe 6-9 months ago. Built up a reserve of 40+ jars, @4.50 instead of 7.50, before the recent inflation hikes.

That's my strategy. Shop in one, bulk buy goods with shelf life and skip them on the weeks they're dear. Then shop your pantry, as the Americans say (the clever ones, not the dumbass ones). Just like being your own banker.

A lot of the moaning and wailing about inflation is self inflicted. No one has a buffer, of food, or energy, or money (fiat currency or the real stuff). Don't say you can't afford it as that's silly. And insulting to people who made it through the 80s, and the 50s before then.

How can anyone afford petrol/diesel when they're up to their oxters in 'look at me lads' lease payments? My car is coming on 16 years old, it's a highly serviced weapon /workhorse. I love cars, but I prefer my peace of mind. I'll pick one up cheap inside.12-24 months. If I so choose.

As Robert Kiyosaki preaches "pay yourself first". Simple as. Save something. My folks lost everything in the 80s calamity and were left to sink by State agencies and do-gooder charities like SVDP. As they didn't tick the poor mouth box. But they saved something, always. In horrendous times. I've often saved money for 6 months, in the past only to ebb it away into day to day when life demanded. And then make it THE priority again. But that's simply not common currency anymore. I've seen plenty of poor people save and well off people squander. It's down to your daily decisions.

I agree with the poster above about shopping around. IF time is not a higher currency for you. If money is tight, shop around. If time is precious, work out another smart shopping strategy.

But people have to stop looking to government for help. That's not going to be your solution.

100%. I have 100+ of such 99c Dunnes Wholemeal pasta/spaghettis stored. A steal for what they are and easy to whip up a solid nutritious meal with a few other bits added. Certainly a comfort buffer when the wheels are coming off the wagon.

When people tíre of parading on O'Connell St like tools (they voted for Europe and the Euro and in so doing divested our government of monetary tools, so wake up), hopefully they'll examine their spending habits and cut their cloth to suit where we find ourselves. Discretionary spending (on brands) and discretionary spending on fuel to being kids to their 3rd or 4th sports activity that week is not within the gift of Pascal O'Donoghue to subvent. It's time to grow up kids. The real world of sweat and effort and deferred gratification is calling. The magic money tree is not well.

It's not easy where kids are involved. Even people below 40.dont understand inflation effects. It hasn't remotely hit yet. But it behoves households to take their affairs in hand and regain some control over their lives. Or get steamrolled as nó government can support a nation on its own. The ECB have experimented with that parlour trick during the pandemic and we'll see how it all works out.

To the other poster, you don't need to buy gold, or silver, or crypto. Buy stuff you need and will need and can store. In other words, liquidate your euros as soon as you get them. That's your primary defence against inflation. At the height of the German hyperinflation, the poor souls were paid twice daily. The other half would come and collect the money and it would be spent in full immediately. Do similar to offset inflation in your life. It is far higher than the vacuous CPI measure being trotted out.

The situation is different from the 70s, there's a war in Ukraine, this is increasing the price of basic food items, extreme weather drought is reducing crop yield in many county's, if oil is 100 dollars then the Fed cannot just stop inflation by raising rates. If the EU bans all Russian gas imports it will have to find more expensive sources of energy. If the Saudi, s have only 10 years of oil left why would they reduce the price. Some industry's are short of workers. They will have to raise pay rates to attract employees

I think we might be at the peak of Western society, in terms of industrial production, and the low cost of goods, unless we take action to reduce energy use, and switch to green sources of energy

There's no gauratee that economy's will recover

This would require at the least close political cooperation of all EU America Eastern Europe Asia. This seems to be unlikely in the present crisis

Saying we ll all switch over to electric cars in 10 years is not good enough

There are protests in some country's now due to the rising cost of food bread basic items

I think more people will simply switch over to buying non brand products I just buy Tesco bread milk biscuits etc

There's an article on www.slate. com it says the fed can do little to control inflation the stock market sees a recession as the best solution to slow down inflation

Even when goods are not going up in price they are reducing the no of items in the box

We went thru this before the 70s oil crisis middle East war inflation. But we did not have extreme weather droughts or climate change to worry about I don't see any financial experts saying how we can get out of this one

A recession for 1 or 2 years may be the easiest solution to reduce demand and the use of oil gas energy

I think Japan is an exception in that they suffer from a falling birth rate and they were completely left behind by the silicon Valley tech boom the rise of the Web

Working from home helps as it reduces commute times and reduces petrol consumption

Saudi Arabia has proven reserves equivalent to 221.2 times its annual consumption. This means that, without Net Exports, there would be about 221 years of oil left (at current consumption levels and excluding unproven reserves).

I was wondering the same, was this that same poster. I’m fairly well paid and a few perks of my job but Christ I don’t need to go around announcing them publicly. Very much read like a rub salt in the wounds type post to me too. People are really struggling and by the grace of god it’s not one of us. You never know whats around the corner- redundancy, Ill health, major crisis or accident.