Will prices ever drop

[BlueHammer85]

All the pubs round my way are dead now. The prices went up twice in six months and it’s finished a number of regulars.

It’s a shame but what is the point in sitting in a skanky old pub paying £5-6 a pint when you can by a crate for a tenner.

 

[dronefromsector7G]

When I go town now I sometimes have a couple of £2 pints in Spoons rather than spend £6.50 in NQ for some hoppy piss

 

[bluesince76]

We might see some prices drop where things like high energy prices have pushed production costs up, but a lot of it is stickier than that - if a company has just given its workforce a 5% payrise, it's not going to be able to drop its prices to the previous levels.

General price reductions would mean deflation which are a disaster for an economy. What we've got to wait for is inflation to fall back to preferred levels, although suspect the 2% is going to take quite a while to get to.

Much of the mortgage pain hasn't hit yet due to fixed rates, but people are going to get a shock as their 1.5% deal becomes 6%, so if they think they're struggling now... Unfortunately, the only way out of high inflation is to reduce demand and we're not going to do it voluntarily

 

[feedmpenzaandhewillscore]

The not passing on the falling cost of fuel prices at the petrol pump to the consumer and supermarkets conspiring to keep it high is scandalous. The government is behind on its inflation target but it doesn’t help when certain businesses aren’t rowing the same way.

 

[East Level 2]

I was well chuffed on sunday.
aldi have knocked 41 pence off their watermelon,,£2.81 from £3.30 ,i almost bought 2 for the mrs to celebrate !

Maffs not your strong suit?

 

[Blue Maverick]

And breath.


It's all your fault. If you don't pay £6.10 a pint then prices will come down. But you paid it. Well done for that.

I didnt my mate did he gave them £20 note for 4 pints when she said it wasn’t enough he nearly fainted, haha, needless to say we fucked off after that, I got my round in the Millstone just before, cheap as chips ;)

 

[Gorton_Tubster]

Chips are bloody expensive.

25p for a bag of chips when I were young.

 

[FantasyIreland]

Car insurance renewal time......the quotes are a pisstake from this time last year.

 

[BlueMoonday]

Car insurance renewal time......the quotes are a pisstake from this time last year.

I'm stating the obvious but if you have a partner with no claims in the last 5 years then add them on pal.

Shop around on comparison sites, I've not stuck with one insurer for more than a year because their default renewal quote has been ridiculous.

 

[splinter]

Iceland lowering prices..that's why mums go

 

[Zubrman]

Car insurance renewal time......the quotes are a pisstake from this time last year.

Shouldn't have driven like a twat for twelve months then.

 

[Bigg Bigg Blue]

Myself and Mrs. Biggie used to enjoy going out for a drink or two at weekends but now we tend to stay in and drink at home, it's a lot cheaper and no drugged up cunts spoiling it for us.

 

[FantasyIreland]

I'm stating the obvious but if you have a partner with no claims in the last 5 years then add them on pal.

Shop around on comparison sites, I've not stuck with one insurer for more than a year because their default renewal quote has been ridiculous.

Got the Mrs on,but I'll keep hunting,it's jumped 100 notes across the board on Go Compare.
Salford postcode ain't helping.....

 

[Tuearts right boot]

I put mine up to cover fuel. We also use a lot of gas and electric with our machines, so that needs to be covered. Would I bring the prices down if these costs were reduced, which they wont......doubt it very much. I probably wouldn't raise them again for a while unless of course the market dictates.

 

[FantasyIreland]

Shouldn't have driven like a twat for twelve months then.

No Spads though.....touchwood ;-)

 

[BlueMoonday]

Myself and Mrs. Biggie used to enjoy going out for a drink or two at weekends but now we tend to stay in and drink at home, it's a lot cheaper and no drugged up cunts spoiling it for us.

My local charges £6 a pint for a premium lager.

I'd much rather have a few drinks at home on the perfect draft with some vinyl on the go or watch sport on the TV.

City and gigs aside, I will only go out properly once every 4 to 6 weeks. I think lockdown made me realise how much money you waste drinking out and you can have a nice chilled time at home and save money. Don't get me wrong, I f*cking hated lockdown. I've definitely toned it down with going out. I used to see it as a weekly necessity where as now I view it as a treat.

 

[blue44]

Maffs not your strong suit?

sorry sir, i meant £2.89

 

[Scottyboi]

Got the Mrs on,but I'll keep hunting,it's jumped 100 notes across the board on Go Compare.
Salford postcode ain't helping.....

Go through topcashback and try moneysupermarket as that was 100 cheaper than gocompare for me the other month.

 

[Claytop]

Will I ever get 4 Gregg's sausgage rolls for a £1 again?...

 

[Kompany Car]

We might see some prices drop where things like high energy prices have pushed production costs up, but a lot of it is stickier than that - if a company has just given its workforce a 5% payrise, it's not going to be able to drop its prices to the previous levels.

That’s the nub of it, as you say prices are sticky downwards. Salaries influence every part of the supply chain, so unless there is a major recession with swathes of job losses which would reduce overall salaries and significantly impact demand; the only downward movement in prices would be as a result of:-

• Reduced Energy costs - although these are lower than a year or so ago, they still are much higher than back in 2020.
• Reduced distribution costs, unlikely due to the war and control by OPEC of oil prices.
• A glut of a produce, bumper harvest. This is unlikely due to the effects of the war in Ukraine with respect to wheat, global warming and increased demand from a growing population.
• Reduced costs in the supply chain - once again unlikely, even in the poorest parts of the world, wages are rising and people are rightly demanding a better standard of living.
• Changes in taxation of certain products.
• Multinationals accepting lower margins and shareholder returns (the day that happens I’ll eat my hat)

So aside from some radical new technology suddenly appearing, high prices are here to stay. No doubt there will be tinkering around the edges, some things getting discounted in order to attract more customers and then return back to full price but that’s about it.