BigFatCoward Posted August 23, 2022 Share Posted August 23, 2022 So most people are getting screwed for big ticket items such as gas/electric, petrol and mortgage increases. But what is something small that has made you stop in your tracks and go 'what the actual fuck'? There have been 2 that really stick out for me, a tub of margerine that used to be £2.50 now £4.50, and my favourite sausages going up from £4 to £6. My local chippy also put their prices up by 35% overnight (I kind of get that one, their bils must be astronomical). Link to comment Share on other sites More sharing options...
Wade1865 Posted August 23, 2022 Share Posted August 23, 2022 My favorite rapper, 50 cent, has changed his name to 85 cent, in response to rising inflation. Spoiler maybe it's 25 cent; economics is hard Link to comment Share on other sites More sharing options...
kiko Posted August 23, 2022 Share Posted August 23, 2022 Beer is consistently over 10 euros for 20 bottles. Link to comment Share on other sites More sharing options...
Rippounet Posted August 23, 2022 Share Posted August 23, 2022 3 hours ago, BigFatCoward said: So most people are getting screwed for big ticket items such as gas/electric, petrol and mortgage increases. Wait, you guys have mortgages that increase with inflation? Link to comment Share on other sites More sharing options...
BigFatCoward Posted August 23, 2022 Author Share Posted August 23, 2022 14 minutes ago, Rippounet said: Wait, you guys have mortgages that increase with inflation? No. But the mortgage rate goes up to try and control inflation. I'm OK as I have a 10 year fix. But if you were just coming to the end of your mortgage period you are fucked. Link to comment Share on other sites More sharing options...
felice Posted August 23, 2022 Share Posted August 23, 2022 8 minutes ago, Rippounet said: Wait, you guys have mortgages that increase with inflation? Mortgage interest payments, not the total outstanding balance. The interest rate fluctuates unless you have a fixed rate, which is usually higher than the floating rate at the time you fix it, and you can only fix it for up to 5 years at a time. Link to comment Share on other sites More sharing options...
Rippounet Posted August 23, 2022 Share Posted August 23, 2022 1 minute ago, BigFatCoward said: No. But the mortgage rate goes up to try and control inflation. My financially-naive brain had forgotten this was a thing. Here you can (and almost everyone does) choose a fixed rate for the entire loan, i.e. you know exactly how much you'll pay from the start (you get a repayment schedule from day 1), and if there's inflation it's the bank that gets fucked, not you. Link to comment Share on other sites More sharing options...
dog-days Posted August 23, 2022 Share Posted August 23, 2022 11 minutes ago, Rippounet said: My financially-naive brain had forgotten this was a thing. Here you can (and almost everyone does) choose a fixed rate for the entire loan, i.e. you know exactly how much you'll pay from the start (you get a repayment schedule from day 1), and if there's inflation it's the bank that gets fucked, not you. In the UK, the banks are always more important than mere human beings trying to have a life. Today I paid £3.65 to sit in a café and drink one coffee. I'm really dumb. (In the recent past, it was £1.99. So I was still dumb, just not to the same extreme). Link to comment Share on other sites More sharing options...
Derfel Cadarn Posted August 23, 2022 Share Posted August 23, 2022 2 hours ago, Wade1865 said: My favorite rapper, 50 cent, has changed his name to 85 cent, in response to rising inflation. Hide contents maybe it's 25 cent; economics is hard Or as they call him in Russia, 40 million Rubles Link to comment Share on other sites More sharing options...
BigFatCoward Posted August 24, 2022 Author Share Posted August 24, 2022 To combat inflation I do try to shop wisely. For example tesco currently has 25% off wine if you buy 6 bottles (they do this every couple of months) you even get it off the wine that is already discounted. So a bottle of wine that is normally £10 but is reduced to £8, only actually costs you £6. I normally buy 36 bottles (i also get a further 10% of with my loyalty card). It's practically free wine. Link to comment Share on other sites More sharing options...
DireWolfSpirit Posted August 24, 2022 Share Posted August 24, 2022 Our regions Gas/Electric utility is jacking rates. I complained, they gave no phuks, they know they have a monopoly. I just paid off my truck last month so that helps, but damn not even a breather month between and the utility spoiling my victory. Link to comment Share on other sites More sharing options...
Wade1865 Posted August 24, 2022 Share Posted August 24, 2022 3 hours ago, BigFatCoward said: To combat inflation I do try to shop wisely. For example tesco currently has 25% off wine if you buy 6 bottles (they do this every couple of months) you even get it off the wine that is already discounted. So a bottle of wine that is normally £10 but is reduced to £8, only actually costs you £6. I normally buy 36 bottles (i also get a further 10% of with my loyalty card). It's practically free wine. BigFatCoward -- hahaha! your humor always reminds me of Dolorous Edd (with deadpan voice). Link to comment Share on other sites More sharing options...
Wade1865 Posted August 24, 2022 Share Posted August 24, 2022 15 hours ago, dog-days said: Today I paid £3.65 to sit in a café and drink one coffee. I'm really dumb. dog-days -- nah, you're not dumb; les cafés are my second homes. They're worth the 90% or so? markup in response to just a year or two's worth of inflation. On the other hand ... wow ... 90%. Link to comment Share on other sites More sharing options...
DireWolfSpirit Posted August 24, 2022 Share Posted August 24, 2022 Seems like the price spikes in this area were first noticed during the pandemic when do-it-yourselfers and contractors were shocked with the $90 a sheet prices for plywood. I put off insulating and sheeting the inside garage walls then. Also put off building some benches for my tools. Ive become cautionary at most non essential spending till i see how ugly things may get. At work things seem to be booming, weve expanded and are taking on more employees. I have this sinking feeling that most of the new hires will be right back out the door before the end of next year though. I feel like theres a dose of denial and false optimism with some of our planners. Material costs and shortages are a real thing and can only be worked around so much. Link to comment Share on other sites More sharing options...
Luzifer's right hand Posted August 25, 2022 Share Posted August 25, 2022 On 8/23/2022 at 9:04 PM, kiko said: Beer is consistently over 10 euros for 20 bottles. I always forget how cheap basic food is in Germany compared to Austria... Link to comment Share on other sites More sharing options...
DireWolfSpirit Posted August 25, 2022 Share Posted August 25, 2022 ^^^ Yes just checking the exchange rate and appears euro and dollar are exactly equal today. Therefore 10 Euros or dollars for 20 bottles would be pretty inexpensive here. A 6 pack of Guiness Stout would run you around $10 in this area. Theres some really crappy, watery, domestic, that tastes metallic, that i think they pay people to drink if they are into such punishment though? Another thing ive cut back on is ive bought more pork cuts and a bit less beef steaks. Ive done that to try and maintain a grocery budget. Im finding the pork chops and pork steaks are still pretty tasty and only half the price of the beef cuts. Favorite fish fry restaurant informed me their menu prices will be increasing. Perch, Walleye and Whitefish all more expensive from their suppliers. Fuel probably a factor to that i imagine. The level of inflation really has been more annoyance than pain so far. What im concerned about is how bad will the heating season be for the Europeans this winter? Theres been a few editorials hinting that the Putin problems are going to make for a price gouging winter? I hate that bastard and what hes causing. Link to comment Share on other sites More sharing options...
James Arryn Posted August 25, 2022 Share Posted August 25, 2022 What we’re noticing is less prices going up, but rather sizes going down with prices staying the same. Link to comment Share on other sites More sharing options...
Spockydog Posted August 25, 2022 Share Posted August 25, 2022 3 hours ago, James Arryn said: What we’re noticing is less prices going up, but rather sizes going down with prices staying the same. It's been happening for years over here. Link to comment Share on other sites More sharing options...
kiko Posted August 25, 2022 Share Posted August 25, 2022 3 hours ago, DireWolfSpirit said: What im concerned about is how bad will the heating season be for the Europeans this winter? We basically stopped heating water except for a short period in the morning and evening. Also we lowered the water temperature. If you do this, watch out for legionella bacterias. We had to change heating in our old house and luckily I decided against gas. That would have been painful. Link to comment Share on other sites More sharing options...
Wade1865 Posted August 25, 2022 Share Posted August 25, 2022 Electricity -- 85 bucks, before; now, 150 and climbing. Gasoline -- 40 bucks, before; at most, 85; now, I dunno -- hardly drive anymore. Link to comment Share on other sites More sharing options...
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