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Never mind pinflation and fuelflation, what about butterflation

AlanJ

AlanJ

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5Years
Joined
Dec 27, 2017
Messages
8,573
Location
Leeds, West Yorkshire
Got the shock of my life this morning at Morrisons, cheapest pack of butter £1.99. Where did the Morrisons own brand £1.45 packs go -disappeared, no stock anywhere, even on-line. On-line price is now £1.65 or £1.75 (2 different own brands) and it's sold out.

3 years ago it was 98p, then crept up to £1.05 (which shocked me then), then jumped to £1.30, been at £1.45 for abut a year. Now, whoosh.

Gonna have to sell my MMr to keep my toast buttered.
 
AlanJ said:
Got the shock of my life this morning at Morrisons, cheapest pack of butter £1.99. Where did the Morrisons own brand £1.45 packs go -disappeared, no stock anywhere, even on-line. On-line price is now £1.65 or £1.75 (2 different own brands) and it's sold out.

3 years ago it was 98p, then crept up to £1.05 (which shocked me then), then jumped to £1.30, been at £1.45 for abut a year. Now, whoosh.

Gonna have to sell my MMr to keep my toast buttered.
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I feel your pain.

The £3.50 Tesco meal deals is what upset me the most, took a few days off work to come to terms with that one. At least with club card you can get it back to £3 First time Iv ever bothered with the club card lol
 
I'd happily buy your MMr Alan, if it means you can stop eating dry toast.
Just I'm having to save money to panic buy sunflower oil.

😒😉
 
As an aside as a farmer I can tell you the supermarkets are squeezing farmers left right and Center , your food was subsidised to an extent via a basic payment scheme that kept food production viable , uk gov have now scrapped this scheme saying farmers were making too much , which we were not , many I know are simply packing up as the big 4 refuse to pass a decent profit back down the line, we’re about 5 years away from thunderdome atm :)
 
The seeker said:
As an aside as a farmer I can tell you the supermarkets are squeezing farmers left right and Center , your food was subsidised to an extent via a basic payment scheme that kept food production viable , uk gov have now scrapped this scheme saying farmers were making too much , which we were not , many I know are simply packing up as the big 4 refuse to pass a decent profit back down the line, we’re about 5 years away from thunderdome atm :)
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We support local farmers as much as possible here👍

We were only talking about the price of butter the other day, our local butter is £1.45 at the moment and very nice on toast 😋
 

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The seeker said:
As an aside as a farmer I can tell you the supermarkets are squeezing farmers left right and Center , your food was subsidised to an extent via a basic payment scheme that kept food production viable , uk gov have now scrapped this scheme saying farmers were making too much , which we were not , many I know are simply packing up as the big 4 refuse to pass a decent profit back down the line, we’re about 5 years away from thunderdome atm :)
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Now that we’ve moved out of London we’re doing as much as our shopping as possible at local farm shops as opposed to supermarkets. Doesn’t seem to cost much more and the quality of the produce is significantly better.

Are any of the supermarkets in any way decent to farmers?
 
If history is repeating itself high inflation in the 70’s lasted over a decade and ended up with interest rates at 17%!
Imagine the pain that would bring to mortgage holders.
 
We seem to be in the perfect storm at the moment, stagnating after the financial crash, money printing during the pandemic and now war in europe causing energy shortages, we are heading for some serious inflation over the next couple of years.
 
It's the people with large butter collections that really p1$$es me off.

Some of people are scratching around maybe only buttering one side of a sandwich whilst others have several butters tombstoned in the fridge. I was lucky enough to start buying my butters before it all got a bit silly but I have massive sympathy for anyone just getting into the diary diet because a basic unsalted knob is crazy money.

An alternative opinion is that we should actually increase the price of butter to make it more accessible to newbies.

I did list a lovely old slab of Country Life on my butter forum recently but I don't think I'll bother in future. It had a perfect foil wrapper and all the original imperial weights listed but there were so many negative comments I sold it on Ebay in the end. Nobody complained about the £8 price tag but unfortunately it melted whilst I was waiting for Martin to collect so I had to give a refund.
 
Gonzo said:
It's the people with large butter collections that really p1$$es me off.

Some of people are scratching around maybe only buttering one side of a sandwich whilst others have several butters tombstoned in the fridge. I was lucky enough to start buying my butters before it all got a bit silly but I have massive sympathy for anyone just getting into the diary diet because a basic unsalted knob is crazy money.

An alternative opinion is that we should actually increase the price of butter to make it more accessible to newbies.

I did list a lovely old slab of Country Life on my butter forum recently but I don't think I'll bother in future. It had a perfect foil wrapper and all the original imperial weights listed but there were so many negative comments I sold it on Ebay in the end. Nobody complained about the £8 price tag but unfortunately it melted whilst I was waiting for Martin to collect so I had to give a refund.
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Mate we need to give the butter noobs a special price!
 
mark9 said:
If history is repeating itself high inflation in the 70’s lasted over a decade and ended up with interest rates at 17%!
Imagine the pain that would bring to mortgage holders.
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Couldn’t happen as the whole country would pop in a week
 
The seeker said:
Couldn’t happen as the whole country would pop in a week
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I'm not sure tbh, there's a lot of factors suggesting a long stretch of high inflation is on the cards, and interest rate rises are probably the least damaging of the options to control it. Obviously we're a long way off peak 70's/80's level interest rates at the moment, but I wouldn't be surprised if we ended up in double figures in the medium term. From a government's perspective, despite the carnage it causes, it's still the lesser of two evils.
 
My feeling is we’re going to hit a period of runaway inflation. stock up with anything non perishable. it’s all going to shoot up in price. toothpaste, soap, solder wire, pinball balls, etc.
 
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AlanJ said:
My feeling is we’re going to hit a period of runaway inflation. stock up with anything non perishable. it’s all going to shoot up in price. toothpaste, soap, solder wire, pinball balls, etc.
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There's a big risk of it imo, a lot of significant factors pointing in that direction - covid related price increases; Brexit related price increases; the last 10-15 year's of quantitative-easing policy; local war - the aggressor a now-heavily-sanctioned top 3 fuel supplier, the defender a significant food producer; entire cities still locked-down in China reducing their production capacity; very high inflation in the US in our now globalised world, etc.

Not sure if there are any long term mortgage deals out there, but I'd guess that switching and locking in for a long term deal would be sensible if there are.
 
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