Inflation

[divs4ever]

Glad to be wrong actually, hyperinflation is really bad for retired folk

having only lived through the '70's ( in Australia ) , and that was only ordinary inflation , i suspect hyperinflation will be bad for everybody except debt-pigs ( who somehow have unlimited credit-worthiness )

remember the CPI is a (farcical ) estimate of PAST price rises so all indexed rises ( like wage and pension increases ) are trailing any living cost increases

and retail folks will ( nearly ) always be eating dust from the carnage up ahead

now a more interesting question is will the retired folk ( and i am one of those ) suffer more than the worker ( and family man/woman )

as a retiree i can still trim costs , ( hunt for bargains ) and consider forward expenses , carefully ,

living in Southern Qld i can reduce my heating and cooling costs going forward ,

 

[over9k]

Anyone else noticed not so much prices going up but quality going down?

All my favourite food places have kept pretty much the same prices but have clearly changed their ingredients. Everything's gone so downhill

 

[Smurf1976]

One thing I've definitely noticed is supermarket products on special are selling out.

That's a new thing at least for the supermarket I normally go to. Something's on special, people buy all the stock, that leaves the only option for a similar product as being some other brand that probably costs more than the standard price of the sold out one without the discount.

I interpret that as more people looking to save money and buying items on special than used to be the case.

 

[Smurf1976]

Anyone else noticed not so much prices going up but quality going down?

Haven't noticed quality but I've noticed that quantity is definitely dropping.

A product that used to be 1kg is now 800g and so on.

 

[bsnews]

Supply side prices have gone up for retail. Some only a nibble some $1-2 per item plus freight has increased.
Although that does not sound a lot it snowballs sell price just to enable the same GP to be kept.
Are people not buying as much? From my small POV for sure this started around a month ago & still ongoing.
As for quality some leading brand items I have returned due to bad manufacturing.
One was the whole manufactured line every item must of added up to millions in cost and lost sales.

 

[againsthegrain]

I have noticed personally the quality of services is hitting a low also. Unless it is easy and pays a good quick buck nobody is keen to do it

 

[JohnDe]

I have noticed personally the quality of services is hitting a low also. Unless it is easy and pays a good quick buck nobody is keen to do it

This is where quality well staffed businesses will thrive and set themselves up for a long term future with repeat customers and word of mouth recommendation’s.

 

[againsthegrain]

This is where quality well staffed businesses will thrive and set themselves up for a long term future with repeat customers and word of mouth recommendation’s.

natural selection of trimming the fat

 

[over9k]

Well worth a watch

 

[Dr.Stock]

This is where quality well staffed businesses will thrive and set themselves up for a long term future with repeat customers and word of mouth recommendation’s.

This is where the immigration doors open!
Have to staff the kitchen and front sections of food outlets etc..
small business owners need physical help

its all about to happen

 

[JohnDe]

This is where the immigration doors open!
Have to staff the kitchen and front sections of food outlets etc..
small business owners need physical help

its all about to happen

There's more businesses out there than just food. I'm more looking at builders, maintenance, mechanical, vehicle repairs/servicing, and so on.

The quality and wise ones will maintain their service level by taking on what they can, explaining in simple terms, increasing costs in a fair manner, keep staff turnover to a minimum. These business will have a high level of customer satisfaction, which helps staff morale, people will recommend them for years to come.

Some businesses may see this as a time to increase profits and gouge their customers. These companies will have to deal with irate customers, putting pressure on frontline staff. Work quality will suffer, staff turnover will increase, customers will not recommend them and not return when time get tough.

 

[Macquack]

"increasing costs in a fair manner"

"Some businesses may see this as a time to increase profits and gouge their customers"

It is a fine line between those two scenarios.

 

[over9k]

Anyone else noticed not so much prices going up but quality going down?

All my favourite food places have kept pretty much the same prices but have clearly changed their ingredients. Everything's gone so downhill

Update: portions are getting smaller too. I have to order two "main" sizes to actually get fed properly

 

[over9k]

NO I'M NOT FAT

 

[sptrawler]

Sounds like inflation and supply issues are hammering the building companies. Two in Brisbane and two in Perth.

https://www.couriermail.com.au/subscribe/news/1/?sourceCode=CMWEB_WRE170_a&dest=https%3A%2F%2Fwww.couriermail.com.au%2Fbusiness%2Fqld-business%2Ftwo-building-firms-hit-the-wall-as-perfect-storm-continues%2Fnews-story%2Fde2a1ca0effcd44433100f2ef8c37d8f&memtype=anonymous&mode=premium&v21=dynamic-hot-test-score&V21spcbehaviour=append

Another Australian building company collapses

Australian building companies are going bust in the face of rising costs, with a second Perth construction firm going under in days.

www.dailymail.co.uk

 

[over9k]

Alternatively they've just been sued into oblivion for all their dodgy work and have just dissolved themselves after transferring everything to the cayman islands.

 

[moXJO]

A lot got caught with a combo of delays, lack of workers, lack of supply chain. Some projects lost 6 months to 1.5 years.
And yes, mismanagement and dodgy work helped play their part.

I heard delayed payments started blowing out past 60 days as well.

 

[Gunnerguy]

A lot got caught with a combo of delays, lack of workers, lack of supply chain. Some projects lost 6 months to 1.5 years.
And yes, mismanagement and dodgy work helped play their part.

I heard delayed payments started blowing out past 60 days as well.

My 12 month small house build is 24 months in now. About 3 months work yet to do. House selected was one of the companies ‘standard’ houses in their inventory of houses. All building plans/design were ‘in house’ already. No variations made by me at any stage.
Contract signed 1st April 2020 (the fool was I). Before the shortages and building stimulus so there should have been no delays. Took 12 months to get the pad down.
I hope this experience clears out all the dodgy $hite builders. They deserve it !!!!!

Gunnerguy

 

[moXJO]

My 12 month small house build is 24 months in now. About 3 months work yet to do. House selected was one of the companies ‘standard’ houses in their inventory of houses. All building plans/design were ‘in house’ already. No variations made by me at any stage.
Contract signed 1st April 2020 (the fool was I). Before the shortages and building stimulus so there should have been no delays. Took 12 months to get the pad down.
I hope this experience clears out all the dodgy $hite builders. They deserve it !!!!!

Gunnerguy

It was busy before covid hit. Most builders were already 6 months behind at that time.

 

[macca]

Been a good surf running of late, no concrete poured while the surf is up, sorry

(this is true around here and anywhere else that has a good wave)