Cost of living. Everybody jumping on the bandwagon!
- Thread starter sambaDTR
- Start date
Postage costs have risen significantly but I am still astounded that you can put a letter in a box and it will arrive at its destination the next day anywhere in the UK for less than a quid.
1finny
Well-known member
That is a very good point.
It’s mad isn’t it?
Marineboysmoggy
Active member
Even undertakers are putting prices up.
Blaming the cost of living......work that out
Blaming the cost of living......work that out
1finny
Well-known member
Energy costs
People costs
Raw Material costs
Why would undertakers be immune?
(Ooops - just been told this was prob a joke)
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sherlock
Well-known member
I think it was a joke...cost of living...when dead etc...
Borotommo
Well-known member
Prices were always pretty stiff
The thing that people aren't talking about enough is the profit margins of all these companies (supermarkets etc). We are constantly told that its a 'cost of living crisis' but its only the consumer (you and me) who are stumping up.
Think about it, the reason the price of food is going up is because everyone involved in the chain (from growing ingredients up to the point of it going on the shelf) have increased their costs to KEEP THEIR PROFITS THE SAME. These companies are not taking on any of the burden, you are. They are unwilling to take any less profit than they did pre pandemic. This is because these big companies have 'stake holders' who have to be kept happy.
Inflation and cost of materials, staff, rents etc have all gone up, that much is true but we need to be aware that ALL of those increases are being catered for by the increase in the final sale price. Which is paid for by you and me.
Its corporate smoke and mirrors disguised as a 'were all in it together' charade.
Think about it, the reason the price of food is going up is because everyone involved in the chain (from growing ingredients up to the point of it going on the shelf) have increased their costs to KEEP THEIR PROFITS THE SAME. These companies are not taking on any of the burden, you are. They are unwilling to take any less profit than they did pre pandemic. This is because these big companies have 'stake holders' who have to be kept happy.
Inflation and cost of materials, staff, rents etc have all gone up, that much is true but we need to be aware that ALL of those increases are being catered for by the increase in the final sale price. Which is paid for by you and me.
Its corporate smoke and mirrors disguised as a 'were all in it together' charade.
1finny
Well-known member
I'd like to see what happens this year to profits - we've already had a number saying profits are going to be less than forecast.
It is pretty hard, when you are working on circa 2% net margin (using supermarkets as an example) to absorb rising wages, rising energy prices et al.
If they do 'maintain' their profits it's certainly naughty.
Speaking for businesses I know - I'm hearing profits as much as 40% behind last year.
SilentProf
Well-known member
Plenty of businesses use a percentage markup to set prices too, so if costs go up, profits actually increase per unit sold. Obviously there are market pressures which may cause a rethink but they will rarely take the hit themselves unless it’s likely to drive customers elsewhere.