6 ms·

Is this at least partially Brexit related? For comparison, the US has seen food go up by around 10% over the same time period, which is pretty high but also far

Is this at least partially Brexit related? For comparison, the US has seen food go up by around 10% over the same time period, which is pretty high but also far from 18%. https://www.bls.gov/news.release/cpi.t02.htm https://www.bls.gov/news.release/cpi.t02.htm

pydry 4y ago
Brexit plus war.
- miroljub 4y ago
  Brexit plus sanctions. War has nothing to do with that, at least not war in a classical sense. Economic or total war that some countries are involved in can be considered as a major reason.
  - shigawire 4y ago
    My understanding is the Russia and Ukraine both contribute meaningful portions of the global food supply. Wouldn't destabilizing these two countries affect food prices globally?
    - guerrilla 4y ago
      Yes, this is well known and has been tracked in the finance and economic press. Just as an example, both grain production and transport (due to disturbances in rails and shipping) were both effected directly and indirectly which had significant impacts in Africa.
  - iamflimflam1 4y ago
    Very high costs of energy have been caused by the war. Food production can be very energy intensive.
    - miroljub 4y ago
      No, energy costs started raising before the war. Once war started, the sanctions made sure they stayed high.
  - yamtaddle 4y ago
    Are any countries other than maybe Ukraine engaging in total war? I'm not sure even Russia's mobilized to a degree that the term's applicable (though, maybe, in their case—but anyone other than the two principles in the war? Definitely not) And Ukraine's hesitance/inability to strike war-relevant civilian targets in Russia (say, bridges and factories) more than very-sporadically makes the term a bit iffy even for them. Hell, even Russia's been more restrained than what the term usually suggests, as far as the brutality of attacks, if only barely. https://en.wikipedia.org/wiki/Total_war https://en.wikipedia.org/wiki/Total_war It basically means "complete mobilization of a state & society toward a war effort, coupled with a willingness to engage any target regarded as having any war relevance whatsoever, no matter where or what the target is". Hallmarks are mass conscription, rationing, large-scale conversion of civilian production capacity to making war materiel, and leveling cities on purpose (not just as a side-effect of fighting over them).
andrewclunn 4y ago
[flagged]
- noelsusman 4y ago
  You should strongly reconsider how you choose to interact with people on the Internet. You'll be happier for it.
  - andrewclunn 4y ago
    Naw. Stupid people are only happy until they face the consequences of their stupidity. I'll take being right and derive my happiness elsewhere because internet validation is a chump's game.
- AlecSchueler 4y ago
  Every country in Europe is feeling the effects of the war in Ukraine but the UK seems to be dealing with it the worst. There's clearly an extra layer going on there.
  - NoboruWataya 4y ago
    > the UK seems to be dealing with it the worst How do you figure? From the numbers posted by others in these comments it seems UK inflation is pretty much mid-table compared with the rest of Europe: https://i.redd.it/8hbhiqhowjpa1.png https://i.redd.it/8hbhiqhowjpa1.png
    - AlecSchueler 4y ago
      It's not only the inflation, it's also things like food shortages on shelves, a shrinking economy, decreased labour force etc. I'm figuring this from the reporting of the BBC, Guardian etc https://www.bbc.com/news/business-63596773 https://www.bbc.com/news/business-63596773 https://www.theguardian.com/business/2022/jul/02/dashboard-of-decline-seven-charts-that-explain-britains-economic-crisis https://www.theguardian.com/business/2022/jul/02/dashboard-o...
Tenoke 4y ago
A better comparison would be other EU countries and I'm seeing food inflation estimates for ~22% in Germany at the top of Google. 0. https://tradingeconomics.com/germany/food-inflation#:~:text=Food%20Inflation%20in%20Germany%20averaged,percent%20in%20October%20of%202009 https://tradingeconomics.com/germany/food-inflation#:~:text=.... 1. https://www.google.com/amp/s/amp.dw.com/en/germany-inflation-87-higher-in-february-than-last-year/a-64854185 https://www.google.com/amp/s/amp.dw.com/en/germany-inflation...
- noelsusman 4y ago
  Thanks, probably not Brexit related then.
- hef19898 4y ago
  Last year we spent two weeks in Iceland. I do remember, 10+ years ago, paying the same for 2 (two!) onions as you did for 1kg in Germany over there. Last year, we were not shocked at all, actually we paid less then we did in Germany, not much but still. Turned out Icelands grocery prices were roughly on par with France, and a tad lower than Germany at the time. So, German groccery prices did a lot of catching up since at least a hear. Slow enough so that you don't realize unless you are living on tight budget. That being said, since salaries in Germany tend to be higher than in France, the average German consumer is still a bit better off (ignoring housing or rent, and using a broad brush here). The war im Ukraine did caise all kinds of issues, as did Covid. All ghinhs considered so, the developed world did reasonably well so far so. If food prices increaseore so, governments will have to intervene, as lower income families will have a hard time between increased energy and food prices.
  - mharig 4y ago
    Just two small corrections: neither Covid19 nor the war caused the effects, it were the measures that the stupid monkey horde took.
timellis-smith 4y ago
https://www.telegraph.co.uk/food-and-drink/features/overlooked-reason-supermarket-shelves-bare-no-not-brexit/ https://www.telegraph.co.uk/food-and-drink/features/overlook...
- te_chris 4y ago
  The telegraph will do anything to deflect from admitting brexit was is and continues to be a moronic act.
hulitu 4y ago
No, it is because the sanctions are really working. Against their own people. But hopefuly the war deliveries are not affected. /s
- cmrdporcupine 4y ago
  I can assure you that the sacrifices the British population is making are far more palatable than the ones that Ukrainian civilians are making.
908B64B197 4y ago
It feels Europe is becoming increasingly poor and unsafe, and the situation in the UK has worsened quite a bit since the start of Brexit. Anecdotally, seems there's a lot of British and European expats here in the Valley and they don't seem too keen on returning. We've been getting a lot of international applicants (but work from home was supposed to mean Europeans could avoid moving to the "dangerous" US but work for American companies?).
- dazc 4y ago
  Brexit was 6 years or so ago. Then we had 3 years of trying to reverse it, then Covid, then Ukraine and, to top that, a Govt that decides fracking for gas is unacceptable and then goes and imports fracked gas from the US. Maybe best to sum things up as a run of bad luck compounded with gross incompetence?
  - pharmakom 4y ago
    The formal notice was 6 years ago but they still haven’t implemented it fully and keep deferring decisions.
- dougmwne 4y ago
  Well, there is a war going on. Those tend to make life more difficult all around.
- mhitza 4y ago
  Everything becomes less safe when inflation is on the rise. Every country has a different inflation formula (alongside the effects of "shadow inflation"), thus you can't compare 10% in country X with 18% in country Y. We're all in the same shit.
- EasyTiger_ 4y ago
  You're correct, a lot of people in the UK want to leave
sologoub 4y ago
Can’t seem to find data to backup this observation, so leaning on anekdata instead - when traveling in EU, food prices seemed a lot lower than US. If this is true, an equivalent nominal increase would translate to a higher percent increase. For example, if the good costs $10 in US and $5 in UK, both see an increase of $1 (let’s say due to some shared factor like energy cost), then US would report 10% increase and UK 20%.
dukeyukey 4y ago
_Probably_, but German food inflation is running about 22%, and the UK is pretty comparable with most of Europe, so Brexit is probably a minor effect at best.
tristor 4y ago
Nearly all inflation is tied to inflation in cost of energy. Food is especially related to energy cost, since the core cost of modern food creation is the cost of fertilizer and operating artificial growing environments (greenhouses, metered and pre-mixed feed waters). Energy is going up, so food is going up, this impacts Europe more than the US, because they operate in different energy markets. More generally, for almost all goods, the cost of transport went up, both because of the cost of energy, and because of challenges with logistics during the pandemic that have not fully subsided. Energy costs are the primary driving factors for the cost of nearly all aspects of modern life.
fundad 4y ago
Yes

pydry 4y ago

Brexit plus war.

miroljub 4y ago
Brexit plus sanctions. War has nothing to do with that, at least not war in a classical sense. Economic or total war that some countries are involved in can be considered as a major reason.
- shigawire 4y ago
  My understanding is the Russia and Ukraine both contribute meaningful portions of the global food supply. Wouldn't destabilizing these two countries affect food prices globally?
  - guerrilla 4y ago
    Yes, this is well known and has been tracked in the finance and economic press. Just as an example, both grain production and transport (due to disturbances in rails and shipping) were both effected directly and indirectly which had significant impacts in Africa.
- iamflimflam1 4y ago
  Very high costs of energy have been caused by the war. Food production can be very energy intensive.
  - miroljub 4y ago
    No, energy costs started raising before the war. Once war started, the sanctions made sure they stayed high.
- yamtaddle 4y ago
  Are any countries other than maybe Ukraine engaging in total war? I'm not sure even Russia's mobilized to a degree that the term's applicable (though, maybe, in their case—but anyone other than the two principles in the war? Definitely not) And Ukraine's hesitance/inability to strike war-relevant civilian targets in Russia (say, bridges and factories) more than very-sporadically makes the term a bit iffy even for them. Hell, even Russia's been more restrained than what the term usually suggests, as far as the brutality of attacks, if only barely. https://en.wikipedia.org/wiki/Total_war https://en.wikipedia.org/wiki/Total_war It basically means "complete mobilization of a state & society toward a war effort, coupled with a willingness to engage any target regarded as having any war relevance whatsoever, no matter where or what the target is". Hallmarks are mass conscription, rationing, large-scale conversion of civilian production capacity to making war materiel, and leveling cities on purpose (not just as a side-effect of fighting over them).

andrewclunn 4y ago

[flagged]

noelsusman 4y ago
You should strongly reconsider how you choose to interact with people on the Internet. You'll be happier for it.
- andrewclunn 4y ago
  Naw. Stupid people are only happy until they face the consequences of their stupidity. I'll take being right and derive my happiness elsewhere because internet validation is a chump's game.
AlecSchueler 4y ago
Every country in Europe is feeling the effects of the war in Ukraine but the UK seems to be dealing with it the worst. There's clearly an extra layer going on there.
- NoboruWataya 4y ago
  > the UK seems to be dealing with it the worst How do you figure? From the numbers posted by others in these comments it seems UK inflation is pretty much mid-table compared with the rest of Europe: https://i.redd.it/8hbhiqhowjpa1.png https://i.redd.it/8hbhiqhowjpa1.png
  - AlecSchueler 4y ago
    It's not only the inflation, it's also things like food shortages on shelves, a shrinking economy, decreased labour force etc. I'm figuring this from the reporting of the BBC, Guardian etc https://www.bbc.com/news/business-63596773 https://www.bbc.com/news/business-63596773 https://www.theguardian.com/business/2022/jul/02/dashboard-of-decline-seven-charts-that-explain-britains-economic-crisis https://www.theguardian.com/business/2022/jul/02/dashboard-o...

Tenoke 4y ago

A better comparison would be other EU countries and I'm seeing food inflation estimates for ~22% in Germany at the top of Google. 0. https://tradingeconomics.com/germany/food-inflation#:~:text=Food%20Inflation%20in%20Germany%20averaged,percent%20in%20October%20of%202009 https://tradingeconomics.com/germany/food-inflation#:~:text=.... 1. https://www.google.com/amp/s/amp.dw.com/en/germany-inflation-87-higher-in-february-than-last-year/a-64854185 https://www.google.com/amp/s/amp.dw.com/en/germany-inflation...

noelsusman 4y ago
Thanks, probably not Brexit related then.
hef19898 4y ago
Last year we spent two weeks in Iceland. I do remember, 10+ years ago, paying the same for 2 (two!) onions as you did for 1kg in Germany over there. Last year, we were not shocked at all, actually we paid less then we did in Germany, not much but still. Turned out Icelands grocery prices were roughly on par with France, and a tad lower than Germany at the time. So, German groccery prices did a lot of catching up since at least a hear. Slow enough so that you don't realize unless you are living on tight budget. That being said, since salaries in Germany tend to be higher than in France, the average German consumer is still a bit better off (ignoring housing or rent, and using a broad brush here). The war im Ukraine did caise all kinds of issues, as did Covid. All ghinhs considered so, the developed world did reasonably well so far so. If food prices increaseore so, governments will have to intervene, as lower income families will have a hard time between increased energy and food prices.
- mharig 4y ago
  Just two small corrections: neither Covid19 nor the war caused the effects, it were the measures that the stupid monkey horde took.

timellis-smith 4y ago

https://www.telegraph.co.uk/food-and-drink/features/overlooked-reason-supermarket-shelves-bare-no-not-brexit/ https://www.telegraph.co.uk/food-and-drink/features/overlook...

te_chris 4y ago
The telegraph will do anything to deflect from admitting brexit was is and continues to be a moronic act.

hulitu 4y ago

No, it is because the sanctions are really working. Against their own people. But hopefuly the war deliveries are not affected. /s

cmrdporcupine 4y ago
I can assure you that the sacrifices the British population is making are far more palatable than the ones that Ukrainian civilians are making.

908B64B197 4y ago

It feels Europe is becoming increasingly poor and unsafe, and the situation in the UK has worsened quite a bit since the start of Brexit. Anecdotally, seems there's a lot of British and European expats here in the Valley and they don't seem too keen on returning. We've been getting a lot of international applicants (but work from home was supposed to mean Europeans could avoid moving to the "dangerous" US but work for American companies?).

dazc 4y ago
Brexit was 6 years or so ago. Then we had 3 years of trying to reverse it, then Covid, then Ukraine and, to top that, a Govt that decides fracking for gas is unacceptable and then goes and imports fracked gas from the US. Maybe best to sum things up as a run of bad luck compounded with gross incompetence?
- pharmakom 4y ago
  The formal notice was 6 years ago but they still haven’t implemented it fully and keep deferring decisions.
dougmwne 4y ago
Well, there is a war going on. Those tend to make life more difficult all around.
mhitza 4y ago
Everything becomes less safe when inflation is on the rise. Every country has a different inflation formula (alongside the effects of "shadow inflation"), thus you can't compare 10% in country X with 18% in country Y. We're all in the same shit.
EasyTiger_ 4y ago
You're correct, a lot of people in the UK want to leave

sologoub 4y ago

Can’t seem to find data to backup this observation, so leaning on anekdata instead - when traveling in EU, food prices seemed a lot lower than US. If this is true, an equivalent nominal increase would translate to a higher percent increase. For example, if the good costs $10 in US and $5 in UK, both see an increase of $1 (let’s say due to some shared factor like energy cost), then US would report 10% increase and UK 20%.

dukeyukey 4y ago

_Probably_, but German food inflation is running about 22%, and the UK is pretty comparable with most of Europe, so Brexit is probably a minor effect at best.

tristor 4y ago

Nearly all inflation is tied to inflation in cost of energy. Food is especially related to energy cost, since the core cost of modern food creation is the cost of fertilizer and operating artificial growing environments (greenhouses, metered and pre-mixed feed waters). Energy is going up, so food is going up, this impacts Europe more than the US, because they operate in different energy markets. More generally, for almost all goods, the cost of transport went up, both because of the cost of energy, and because of challenges with logistics during the pandemic that have not fully subsided. Energy costs are the primary driving factors for the cost of nearly all aspects of modern life.

fundad 4y ago

Yes