Thread: Top 10 price hikes in last 10 years

Post 8

http://www.independent.co.uk/news/uk...e-2353942.html

and as its the Independent you can trust the credibility of the research....

However, the bottom line is that consumers are facing substantial erosions in real disposable income in 2011. As such, economic recovery is unlikely to firm up significantly this year. As Cebr expects inflation to start to come down in 2012 as the effect of the VAT rise falls out of the annual comparison and commodity prices cool, the Bank of England has good reason for maintaining its current stance until at least Q2 2012.



Oh dear...not much to look forward to in the Uk. Oh well, could be worse.....

Originally Posted by Tillyfloss

could be worse.....

i knew it!!!

It is indeed a very tough period for the world economy at the moment, one of the few countries doing really well is China and they will soon be THE world power. Of course these things have always happened and the vast majority living in any Western country will notice no discernible drop in their standard of living overall.

Greece is leading the way , they will show us how to get out of this mess, such a well run country

Food prices are biting everywhere.

Figures from a UK charity show a sharp rise in demand on charities for food.
Fareshare, which redirects food trade surpluses to those in need, said its donations were reaching 35,000 people a day, up from 29,000 a day last year.
The organisation said it had seen the largest annual increase in the number of charities asking for handouts.
Fareshare said low-income families were struggling with rising food prices.

The charity has 17 locations around the UK and passes on good quality supplies from the British food industry to a wide network of grassroots organisations such as homeless hostels, women's refuges, day centres and after-school clubs.
It said that last year it provided 8.6 million meals, and this year it was facing unprecedented demand from some 700 organisations.
The organisation, which works with more than 100 companies in the food and drink industry, said 42% of the charities it surveyed reported an increase in demand for food in the past year.

Yes you are certainly right there Rob, prices are biting everywhere. Charities in Australia are apparently struggling to keep pace with demand from hard up families. Rapidly rising prices are hitting the lower paid and wages aren't keeping pace with the prices.

Far better quality of charity in Australia, Pierre Cardin clothes and caviar are just basics here