Normal
Back to inflation, I see on another forum rather a lot of people complaining that they're getting emails from their electricity supplier informing them of new prices effective 1 July 2023.As an order of magnitude, virtually all of them are more than a 30% increase and some are more than 40%.Meanwhile for some of my own expenses that are also rising on or about 1 July:Mobile phone up 6.9%House and contents insurance up 14.9%Council rates up 8.9%Meanwhile at the supermarket I think it's fair to say just about everything I buy has increased in price to some extent. Varies between items obviously but most things are at least somewhat more costly than they were pre-pandemic.People can't avoid paying council rates and few will consider going without a phone, insurance or utilities. Then there's increases in mortgage repayments or rent affecting many too which is also non-discretionary. Put that all together and it's only a matter of time before discretionary things like entertainment etc sees a decent slump I expect.
Back to inflation, I see on another forum rather a lot of people complaining that they're getting emails from their electricity supplier informing them of new prices effective 1 July 2023.
As an order of magnitude, virtually all of them are more than a 30% increase and some are more than 40%.
Meanwhile for some of my own expenses that are also rising on or about 1 July:
Mobile phone up 6.9%
House and contents insurance up 14.9%
Council rates up 8.9%
Meanwhile at the supermarket I think it's fair to say just about everything I buy has increased in price to some extent. Varies between items obviously but most things are at least somewhat more costly than they were pre-pandemic.
People can't avoid paying council rates and few will consider going without a phone, insurance or utilities. Then there's increases in mortgage repayments or rent affecting many too which is also non-discretionary. Put that all together and it's only a matter of time before discretionary things like entertainment etc sees a decent slump I expect.
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