| Author |
Message |
|
pcernie
Legend
Joined: Sun Apr 26, 2009 12:30 pm
Posts: 45931
Location: Belfast
|
_________________Plain English advice on everything money, purchase and service related:
http://www.moneysavingexpert.com/
|
| Mon Feb 04, 2013 10:28 pm |
|
|
|
l3v1ck
What's a life?
Joined: Fri Apr 24, 2009 10:21 am
Posts: 12700
Location: The Right Side of the Pennines (metaphorically & geographically)
|
So the prices the supermanrkets can charge will be fixed, but presumably the prices they're charged by suppliers isn't?
Anybody else see some bankruptcies on the horizon?
|
| Mon Feb 04, 2013 10:39 pm |
|
|
|
Amnesia10
Legend
Joined: Fri Apr 24, 2009 2:02 am
Posts: 29240
Location: Guantanamo Bay (thanks bobbdobbs)
|
I see that the prices will rise much more once the fix is over. Someone has done the same for the US. Official US inflation is around 2% but if you include food and energy which is deliberately excluded from US figures because they are volatile it is over 10%. _________________Do concentrate, 007... "You are gifted. Mine is bordering on seven seconds." https://www.dropbox.com/referrals/NTg5MzczNTkhttp://astore.amazon.co.uk/wwwx404couk-21
|
| Mon Feb 04, 2013 11:29 pm |
|
|
|
mikepgood
Doesn't have much of a life
Joined: Thu Apr 23, 2009 6:23 pm
Posts: 710
|
Perhaps they need something to distract the population from internal affairs.
What could they think of?
_________________
No Apples were used in the making of this post.
|
| Sat Feb 09, 2013 9:06 am |
|
|
|
Amnesia10
Legend
Joined: Fri Apr 24, 2009 2:02 am
Posts: 29240
Location: Guantanamo Bay (thanks bobbdobbs)
|
I think that there will be many countries that will do something similar before long, _________________Do concentrate, 007... "You are gifted. Mine is bordering on seven seconds." https://www.dropbox.com/referrals/NTg5MzczNTkhttp://astore.amazon.co.uk/wwwx404couk-21
|
| Sat Feb 09, 2013 1:38 pm |
|
|
|
koli
Doesn't have much of a life
Joined: Fri Apr 24, 2009 5:12 pm
Posts: 1171
|
So the the same mess as in Venezuela.
In addition they devalued their currency from official 4.3 to 6.3VEF per USD.
The best thing is that black market rate is 19.53VEF
Socialist's paradise in the making but it is only the question of time before it all starts crashing down on people's heads.
Last edited by koli on Sun Feb 10, 2013 9:57 am, edited 1 time in total.
|
| Sat Feb 09, 2013 5:43 pm |
|
|
|
Amnesia10
Legend
Joined: Fri Apr 24, 2009 2:02 am
Posts: 29240
Location: Guantanamo Bay (thanks bobbdobbs)
|
The fact that the black market is valuing the local currency so poorly is because they do not want the local currency and think that the figures are wildly inaccurate anyway. They are pricing in more problems. _________________Do concentrate, 007... "You are gifted. Mine is bordering on seven seconds." https://www.dropbox.com/referrals/NTg5MzczNTkhttp://astore.amazon.co.uk/wwwx404couk-21
|
| Sat Feb 09, 2013 9:28 pm |
|
|
|
big_D
What's a life?
Joined: Thu Apr 23, 2009 8:25 pm
Posts: 10691
Location: Bramsche
|
I don't know how it is in Argentina, but in Germany the supermarkets can pretty much set the prices they want for certain categories. The suppliers are certainly put under a lot of pressure to meet the requirements of the supermarkets. That said, if they can't keep fuel prices in line, then they will have problems keeping the food prices fixed.
_________________
"Do you know what this is? Hmm? No, I can see you do not. You have that vacant look in your eyes, which says hold my head to your ear, you will hear the sea!" - Londo Molari
Executive Producer No Agenda Show 246
|
| Sun Feb 10, 2013 8:42 am |
|
|
