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Inflation and the cost of living.

(109 Posts)
Mollygo Sat 07-Mar-26 11:47:30

I didn’t write this, but it caught my eye this morning so I thought I’d share it.

Minimum wage in 2005 was £5.05 and a Freddo was 10p. Meaning that one hour of work got you 50 Freddos.

Fast forward to 2025, minimum wage is £12.21 and a Freddo is 35p. Now one hour of work will only get you 34 of them.

That's a 142% rise in pay but a 250% rise in frog shaped chocolate bars.

If wages had kept up with the price Freddos, the minimum wage would be £17.50 an hour.

The economy’s in shambles and yes I’m measuring it in chocolate frogs. But this post is about more than that. Too many people are working full time and struggling to survive because absolutely everything is increasing faster than wages.

Something needs to change.

ferry23 Sat 07-Mar-26 12:01:11

Chocolate frogs are as valid as any other commodity for comparison purposes.

I notice week on week prices creeping up and up. I've been informed this week of two price rises to expect come April. Both have gobbled up the small increase in my pension and I've yet to find out what council tax will be for the coming year.

And I assume there will soon be a fairly hefty hike in oil prices - notwithstanding the artificially inflated petrol costs cause by the idiots who started the panic buying in the first place for no reason other than their own stupidity.

sixandahalf Sat 07-Mar-26 12:18:11

I've heard of the Freddo thing. Personally, holidays are a thing of the past and we are both working in our later years.

Usedtobeblonde Sat 07-Mar-26 12:25:40

My water bill from United Utilities is going up £9 a month, my council tax, increasing by 4. 99 per cent is going up £15 a month.
I haven’t heard yet about Utilities but they are forced to go up because of the current world situation.
I expect that phone bills , Sky, broadband will follow.
I am fortunate that I don’t run a car but family and friends are telling of rises in fuel and car insurance.
Restaurants and pubs are closing every day because of increasing costs.
Have we had it too easy and just now paying the price?
How will those on low fixed incomes cope?

Boz Sat 07-Mar-26 12:26:06

Freddo was real chocolate then, I bet it isn't today.

I think a lot of people have taken a hard look at their expenditure and made economies. Deciding not to waste money anymore on things they do not need or even want is the way forward.

Boz Sat 07-Mar-26 12:29:18

Yes, I think we have had it easy.

Two of you eating out is now about £50. A family of six will be lighter by about £250. For a meal!

sixandahalf Sat 07-Mar-26 12:30:32

Boz

Yes, I think we have had it easy.

Two of you eating out is now about £50. A family of six will be lighter by about £250. For a meal!

And often, nothing special at all.

Boz Sat 07-Mar-26 12:36:11

sixandahalf

Boz

Yes, I think we have had it easy.

Two of you eating out is now about £50. A family of six will be lighter by about £250. For a meal!

And often, nothing special at all.

I forgot to mention that!. Very mediocre food as they are cutting corners.
I think the winners in all this will be those who cook.
I am happy with a 3 day stew - £5 of beef and topped up with veg.
I can also get four meals from a £5 pack of mince!

Jaxjacky Sat 07-Mar-26 12:49:31

We had a very tasty Indian delivered last Sunday, £53 for the five of us, with leftovers for Monday.
It does depend on where you live and how you shop I think.

sixandahalf Sat 07-Mar-26 12:53:07

Boz

sixandahalf

Boz

Yes, I think we have had it easy.

Two of you eating out is now about £50. A family of six will be lighter by about £250. For a meal!

And often, nothing special at all.

I forgot to mention that!. Very mediocre food as they are cutting corners.
I think the winners in all this will be those who cook.
I am happy with a 3 day stew - £5 of beef and topped up with veg.
I can also get four meals from a £5 pack of mince!

I notice eggs and bread feature heavily, both cheap ingredients.

I scored an own goal with Waitrose 3 for £12.00 though. Had to throw 2 of them away, nasty processed taste.

JaneJudge Sat 07-Mar-26 12:57:47

£53 sounds a lot for a takeaway but I suppose it depends on the local competition. We have an Indian sweet centre locally (amongst other things) and you can buy a kilogram of vegetable curry for £8 same with biryani nd the samosas (large) are 70p each

JaneJudge Sat 07-Mar-26 13:05:37

I'm really sorry I posted that before thinking as i was doing 3 things at once .

I do agree that everything seems so expensive now though.

Charleygirl5 Sat 07-Mar-26 13:10:35

I read online we should stockpile cooking oil and kitchen bin liners among other things because of the impending WW3. I have done that so soon I can stay in bed.

I am spending my money on energy as being fairly immobile, over 80. I feel the cold. My Scottish hardiness has long left me.

keepingquiet Sat 07-Mar-26 13:12:19

Usedtobeblonde

My water bill from United Utilities is going up £9 a month, my council tax, increasing by 4. 99 per cent is going up £15 a month.
I haven’t heard yet about Utilities but they are forced to go up because of the current world situation.
I expect that phone bills , Sky, broadband will follow.
I am fortunate that I don’t run a car but family and friends are telling of rises in fuel and car insurance.
Restaurants and pubs are closing every day because of increasing costs.
Have we had it too easy and just now paying the price?
How will those on low fixed incomes cope?

No, it isn't because we had it easy and are now paying the price. There is more money around than ever, but now we spend it on different things.
The main thing though, is that more and more money is going to fewer and fewer people and the ones working for the rich are getting poorer and poorer.
There are a lot of reasons for this occuring and if I started I would be here for hours...

fancythat Sat 07-Mar-26 13:13:46

How will those on low fixed incomes cope?

More UC than they currently get. I assume.

fancythat Sat 07-Mar-26 13:15:01

Something needs to change.

I live in hope of a new government changing things.
Unlike quite a lot of people it seems, I am in favour of changing governements.
Frequently if necessary.

Allira Sat 07-Mar-26 13:16:02

sixandahalf

Boz

sixandahalf

Boz

Yes, I think we have had it easy.

Two of you eating out is now about £50. A family of six will be lighter by about £250. For a meal!

And often, nothing special at all.

I forgot to mention that!. Very mediocre food as they are cutting corners.
I think the winners in all this will be those who cook.
I am happy with a 3 day stew - £5 of beef and topped up with veg.
I can also get four meals from a £5 pack of mince!

I notice eggs and bread feature heavily, both cheap ingredients.

I scored an own goal with Waitrose 3 for £12.00 though. Had to throw 2 of them away, nasty processed taste.

I scored an own goal with Waitrose 3 for £12.00 though. Had to throw 2 of them away, nasty processed taste.

Which 3 for £12? What tastes processed? They have always seemed find in the past. 😲
Waitrose used to do 3 sirloin steaks for £12 but no longer. They weren't large but enough for us nowadays; they were just plain steaks. I've just ordered 3 × lime and coriander chicken and 3 x gammon steaks (separate mango and chilli sauce) so I hope they'll be ok.

Boz Sat 07-Mar-26 13:30:15

I also miss the 3 for £12 steak It's now £14 for one pack of two medium sized steaks.
They are promoting 1/3 off beef at the moment fyi.

pably15 Sat 07-Mar-26 13:46:24

council tax is going up..not sure by how much yet, but the cost of having the garden waste bin emptied is going up from £40 to £47 .50, council are doing away with some school crossings, talk of closing libraries, now we'll be paying more and getting less.

J52 Sat 07-Mar-26 13:57:23

pably15

council tax is going up..not sure by how much yet, but the cost of having the garden waste bin emptied is going up from £40 to £47 .50, council are doing away with some school crossings, talk of closing libraries, now we'll be paying more and getting less.

Ours is £61, but that what you get from a District Council who’s party was in government for the last 15 years, ably abetted by Liz Truss.

MaizieD Sat 07-Mar-26 14:03:03

fancythat

^Something needs to change.^

I live in hope of a new government changing things.
Unlike quite a lot of people it seems, I am in favour of changing governements.
Frequently if necessary.

It would be helpful if you could propose some changes you'd like to see. Just 'change' means very little.

I find this topic difficult because I can't help feeling that if wages started to increase to even just restore them to the same 'value' that they had 20 years ago people would start accusing the workers of being 'greedy' and causing inflation (regardless of the fact that we've had inflation despite wages not rising to keep pace).

And if anyone suggests that there should be an attempt at more equitable distribution by preventing the wealthy acquiring so much wealth (just look at the comparisons of CEO salaries compared with 20 years ago. They certainly haven't failed to keep pace with inflation; they have by far exceeded it). But nearly everyone leaps to their defence 🤥

The predictable comment about increasing UC is dispiriting, too in view of the fact that a great many people struggling with very low incomes are actually in work.

The underlying problem is that this is precisely how the economic policies introduced by Thatcher and carried out ever since are meant to work. Unless the underlying economic dogma changes nothing will ever change.

Usedtobeblonde Sat 07-Mar-26 14:29:09

I renewed my garden waste permit yesterday, £59 , the same as last year which was the first year for us.

fancythat Sat 07-Mar-26 14:33:02

It would be helpful if you could propose some changes you'd like to see. Just 'change' means very little.

I will indulge such a comment, just this once.

Household finances for one thing[which is the thread we are both on.
Crime.
And many other things, which I am pretty sure you would not agree with, so I am not going to list.

LOUISA1523 Sat 07-Mar-26 14:46:31

ferry23

Chocolate frogs are as valid as any other commodity for comparison purposes.

I notice week on week prices creeping up and up. I've been informed this week of two price rises to expect come April. Both have gobbled up the small increase in my pension and I've yet to find out what council tax will be for the coming year.

And I assume there will soon be a fairly hefty hike in oil prices - notwithstanding the artificially inflated petrol costs cause by the idiots who started the panic buying in the first place for no reason other than their own stupidity.

I just been asda and tesco....there's no petrol ....they've bollards it off ....its all sold out....I don't need it...I'm wfh next week....but lots of people gonna be stuck with no petrol...no matter how much its gone up ( it had gone up 8p a litre here)

ferry23 Sat 07-Mar-26 15:00:00

Our garden waste collection - 105 a year, the letter with the cost for next year arrived yesterday, I need to be in the right headspace to open it ☹️