Inflation

You are overlooking the steep rises in electricity.

It's a big news story at the moment.

...once again, the individual has limited resources to provide themselves with their own needs, hence why state protective measures are required, this becomes more so, in an environment of rapidly rising wealth inequality, as we re currently experiencing!

....its always important to remember, large corporations have far more favorable agreements with creditors, compared to other entities in society, i.e. sme's, individuals etc etc, they are more than likely to receive some debt forgiveness during debt restructuring agreements than these alternatives, its that age old conundrum of, 'if you owe them a million, you have the problem, but if you owe them a 100 million, they have the problem'.....

but in saying that, yes it is a serious concern, particularly the fact, a large proportion of these debts has been used in share buy backs than actual investments!

i.e. they aint the same!

what we really should be doing when they eventually come crying, is to implement strict conditions with any sort of new agreements, bail outs etc etc, to make sure they actually truly benefit all, and not just the few!

businesses generally pay much larger amounts for energy than households, this is ultimately where the inflation is coming from, but of course, everyone, including the children can see, theres gonna be complete mayhem in a couple of months, regarding energy costs

I get your points, we would be a very frugal household here but the jump in electricity is stark.

Use it up

Wear it out

Make do or do without.

This thread perhaps needs to decide whether it's about price inflation or true inflation.

Maybe 2 threads? I would have thought the price of goods was a consumer issue, with the cause of inflation being more suited to financial or current affairs. Perhaps the political 'voters sentiment' or consumer confidence aspect is well suited to current affairs.

All the posts are fascinating, don't get me wrong. I just think 2 threads could be good? Just like in the weather forums. Cause and effect.

It's by discussing the causes that we can better protect ourselves and our families. As worse is coming. Studying effects is never a solution. But it is rivetting and it is hitting all of us.

the population has been dealing with hyper inflated property markets for decades, now consumer inflation has decided to turn up again, resulting in most of us being in trouble! this is potentially scary stuff!

I wonder when this new living wage will come into effect? Currently €12.90 per hour and certainly needed now

I got a 2 month electricity bill the other day.. 2200 euro.

Ive not been using anything extra, same appliances and usage. Excuse I got from SSE.. last several bills were estimates, last bill reflects installation of smart meter.

thats fcuked up!

i know a family that live rurally, solar panels galore, even sending some back to the grid from time to time, must call out to them, sounds like an impressive setup

I run a small business so watch the bills like a hawk I submit meter readings before every invoice is generated so no estimated bills

Having priced with eight different providers my unit rate will double no matter where I go

workers in some places will lose their jobs just so energy bills can be paid going forward

France’s three energy companies are urging people to immediately reduce consumption. Got a feeling axes are going to be in big demand this winter and ****ing matches.

The pup payments were necessary since many pubs, cafes shut down or just switched to delivery only since 2020. The only solution I see is a recession to reduce demand and reduce oil imports but of course recessions cause more job loss, s soo there's no easy answer I think the whole economy is changing many people still work from home i wonder will there be customers for the large office buildings that are in the middle of being built

Only a Europe wide solution will work with the ecb and EU governments following some long term plan more government spending tends to increase inflation unless its things like roads or green energy infrastructure

yup, again, theres limitations, severe in many cases, of what people can do in regards their energy costs, this is why i believe the only way through this is by government subsidisation, i think the government should remain crediting households electricity accounts, until we get some sort of state of stabilisation