Every little helps…..

asda baked beans are 50p or 27p for the value ones. I pop in and buy some value stuff in asda to top up as my dd lives near a big one and it is all pretty much ok. The tubs of soft cheese are just like philadelphia but bigger for example

Actually Tesco’s profits halved last year - £753m. Announced today.

This….

NanaDana

Energy companies are making record-breaking profits.. the highest in over 100 years. BP made £23 BILLION profit last year, with Shell declaring £33 billion. Yes, the Government has introduced a windfall tax, but limited to those Companies operating in the North Sea, and also with loopholes where it can be claimed that profits are exempt from tax as they are being channeled into exploration and internal reinvestment. Shareholders are reaping mega payouts, with bonuses 11 per cent higher than the year before. Meanwhile household energy and transportation bills have soared, with no real sign of any let-up. So yes, all this, plus the impact of the Ukraine war on both energy and grain supplies has had a knock- on effect, and we are certainly feeling the pain in our rapidly increasing shopping bills. As to whether the supermarkets are profiteering or just passing on production costs, it’s not clear to me, but I suspect that the latter is more likely, otherwise they will drive customers away. We’re already seeing a move to down-market shopping, from which the like of ALDI, LIDL, B&M, Home Bargains etc. are most certainly benefiting. However, I think you could convincingly argue that the energy companies are most certainly profiteering, and the impact of that is being felt across the board, with rising prices almost everywhere. IMHO the Government needs to take another look at windfall taxation – by definition, excess profits - and to throw the economy a much needed lifeline, as at the moment, we’re sinking fast..

Thank you nana…🤓

Energy companies are making record-breaking profits.. the highest in over 100 years. BP made £23 BILLION profit last year, with Shell declaring £33 billion. Yes, the Government has introduced a windfall tax, but limited to those Companies operating in the North Sea, and also with loopholes where it can be claimed that profits are exempt from tax as they are being channeled into exploration and internal reinvestment. Shareholders are reaping mega payouts, with bonuses 11 per cent higher than the year before. Meanwhile household energy and transportation bills have soared, with no real sign of any let-up. So yes, all this, plus the impact of the Ukraine war on both energy and grain supplies has had a knock- on effect, and we are certainly feeling the pain in our rapidly increasing shopping bills. As to whether the supermarkets are profiteering or just passing on production costs, it’s not clear to me, but I suspect that the latter is more likely, otherwise they will drive customers away. We’re already seeing a move to down-market shopping, from which the like of ALDI, LIDL, B&M, Home Bargains etc. are most certainly benefiting. However, I think you could convincingly argue that the energy companies are most certainly profiteering, and the impact of that is being felt across the board, with rising prices almost everywhere. IMHO the Government needs to take another look at windfall taxation – by definition, excess profits - and to throw the economy a much needed lifeline, as at the moment, we’re sinking fast..

Every time I go shopping or do an online shop, the price of cucumbers has increased. They are currently 79p in Aldi and Tesco here. Every time I come in from the shops, my husband says 'Please don't go on about cucumbers again'! 🥒

Aldi has increased the price of Paracetamol to 39p for a pack of 16 tablets. Not so long ago it was 19p and went up into the 20s, but this is a huge increase - still cheaper than Sainsbury's and Waitrose.

Germanshepherdsmum

As Calli said, facts may tell a different story. But will you ignore the explanations of the reasons behind some price increases, and continue to say you think ‘the supermarkets are blatantly profiteering’?

Yes, that is my opinion to a certain extent,of courseI do understand about the extenuating circumstances I am not an idiot..

NorthFace

The price of steel and aluminium has seen a sharp spike recently. Chinese post-pandemic demand. Those high wholesale prices are being reflected in the shelf price of canned goods as will be the recent shortage of tomatoes in tomato and tomato-sauce based products e.g. baked beans. Every rise in wholesale and manufacturing costs along the supply chain eventually filters through to the consumer.

Producing canned soup is very energy intensive and therefore costly. This is from the How It's Made TV series:

tinyurl.com/2p8eetbk

Check out the website Trade Economics to see commodity prices.

Sugar has now hit an eleven year high so expect anything containing that to rocket. One reason for the price spike is that sugar cane producers are being encouraged to allocate more of their crop to biofuel production rather than food production.

After a spike last August, wholesale coffee bean prices are down around a quarter from a year ago so that should come through in lower shelf prices.

Logic. Thank you.

As Calli said, facts may tell a different story. But will you ignore the explanations of the reasons behind some price increases, and continue to say you think ‘the supermarkets are blatantly profiteering’?

Callistemon21

Yes, opinions are just that, opinions.

However, the facts may tell a different story.

My point about opinions exactly…thank hou!

Yes, opinions are just that, opinions.

However, the facts may tell a different story.

Shinamae

You are obviously better educated than me, but I will not be shut down on this..

To GSM

You are obviously better educated than me, but I will not be shut down on this..

Su22

Tesco bagged 1kg carrots for 50p one week next week down to 40p great, Oh no looked at the bag contents weight down to 800g Only bonus is the Tesco club card price was 19p over Easter so the rabbit etc are happy

Well, I do hope that Tesco is absorbing the price decrease and not forcing the farmer to do so because farmers will go out of business or give up in despair and then there will be nothing but imported vegetables in the shops.

TerriT

So many things in the supermarket are going up by a huge percent. I think the supermarkets are cashing in on the situation in Ukraine being blamed for the increase in so many things. And we the customers are just their victims!

No.one is cashing in on the situation in Ukraine.

Prices of consumer goods have risen because the price of producing them has risen.

This has happened because electricity, gas, diesel and petrol have risen, which can of course be traced to Russia's invasion of Ukraine, at least in part.

It is my understanding that the UK is short of long distance drivers, which also may influence rising prices, and certainly is one of the causes of the shortages of certain goods in the shops.

Hopefully prices will go down again, as inflation has stopped rising as greatly as it did last year at this time, at least it has here in Denmark, so I hope it will in the UK too.

Germanshepherdsmum

If your opinions are not supported by fact they will be shot down.

Anybody with any sense would not shoot an OPINION down.🤦‍♀️.

Germanshepherdsmum

Ok, in my opinion there are fairies at the bottom of my garden.

That’s your opinion and you’re entitled to it…..🧚🧚‍♀️🧚‍♂️

If your opinions are not supported by fact they will be shot down.

Ok, in my opinion there are fairies at the bottom of my garden.

Germanshepherdsmum

Trouble is, shinamae, opinions need to be supported by facts.

Rubbish GSM, anybody can have an opinion about anything. It does NOT have to be based on fact….

Trouble is, shinamae, opinions need to be supported by facts.

We may need a prices and incomes policy.

I've never thought of it as profiteering. It's just annoying!

Germanshepherdsmum

You mustn’t point out the facts Northface, that’s not what people want to hear on these constant threads about ‘profiteering’. I’ve tried it in the past (about the reason for the increase in the price of soda crystals).

Please Try not to be quite so patronising, People are still entitled to their opinion GSM!!