to ask about price rises?

[MakeMisogynyAHateCrime]

I keep hearing more and more about price rises due to Brexit and we are seeing it more and more on the shelves both in terms of prices and shrinkflation.

Does anyone know anything about which imports are likely to be hit price wise? What there will likely be shortages in? Which ingredients to items we produce here will be in short supply (I’ve heard talk of loo roll, olive oil and tomatoes.)

I know we haven’t struck trade deals yet but I wonder about predictions for shortages in the next few years.

Is anyone else considering stocking up on some “essentials”?

It has absolutely nothing to do with Brexit - prices have risen since the beginning of time and will continue to rise.

Obviously property has risen pretty steadily, the big difference being current interest rates are rock bottom whereas at one point my mortgage interest rate was 15%. The same applies to food and other goods - a loaf of bread was approx 37p in 1982 - now it's £1.25 ish.

So no, I'm not stocking up on anything.

Brussel sprouts, french fries, greek yoghurt, spanish flea...

Tomatoes? That’s all right then, anyone can grow those.

Well yes current prices are reflecting all manner of things - like the wider issues with dairy or the fact that our food bills are low compared to years ago. Which all makes sense.

However if I don’t think it is too daft to ask which groceries might go up vastly due to Brexit.

The IFS, an independent economic think tank, have looked at the question here. They've also considered how households with different incomes might be affected. I've linked to the summary, look under 'related items' to the right for the briefing note.

Hmm silver surfer - the Brexit vote has impacted this due to the devaluation of the pound to the Euro which has impacted imports 🙄

Time experiencer please can you share link I can’t see it :(

Prices vary according to supply and demand. Brexit doesn't really have anything to do with it.

timeexperiencer Thats an interesting link. I think my family are going to be badly affected.

We dont have to import salad stuffs or chlorinated chicken, we're capable or producing them. And we could grow crops to produce diesel.
But its going to need some planning and help from Govt. I'm annoyed that the Govt has implemented Brexit, but haven't done anything to boost farming.

this is the link;
www.ifs.org.uk/publications/9562

Prices vary according to supply and demand. Brexit doesn't really have anything to do with it

Oh but it does have everything to do with the £-€ exchange rate which went crashing in June 2016. Raw materials imported from abroad are now much more expensive. My job involves a lot of printed material - and paper prices - from forests in Poland and Slovakia - have shot up because of this. Our printing bill is much bigger than it was in early 2016, for the same quantity of material.

Thank you so much for the link.

I heard a while ago coffee will be going up a lot. Haven't noticed it yet. I've noticed prices going up a little bit for other groceries but not that much.

Brexit isn't the only issue which will impact on prices but the devaluation of the pound will impact any imported goods whose price is set in a currency other than Stirling and any commodities traded in dollars which are grown in the UK. The pound is currently devalued as a result of Brexit. That said food is cheap in the UK at present and will have to rise a lot to reach the proportional levels of cost it had in the past.

The morgage rate is not comparable as the basic cost of housing has risen so much against salary that even a low interest rate morgage payer is likely to be paying a much higher percentage of salary towards housing costs than past generations. I feel really sorry for younger generations.

The Sainsburys own brand ground coffee was 30p more expensive today than on Wednesday,