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Supermarkets raise food bill by £750 a year
October 23rd, 2007 under General. [ Comments: none ]

Source:
Telegraph

By Harry Wallop, Consumers Affairs Correspondent
Last Updated: 2:41am BST 23/10/2007

The average family has to spend an extra £750 on their annual food bill, compared with a year ago, according to figures.
# M&S worst supermarket in green report

Supermarkets ‘raise family food bill by £750 a year’
Figures suggest that households are being hit hard by food inflation

In recent weeks, some of the most dramatic signs of food inflation have hit supermarket shelves.

According to price comparison website mySupermarket.com, the three biggest supermarkets – Tesco, Asda and Sainsbury’s – are charging their shoppers 12 per cent more on average for a basket of 25 different goods compared with last year.

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M4 Money Supply up 1.1% on the month - Sept 2007
October 18th, 2007 under General. [ Comments: none ]

Source: http://www.bankofengland.co.uk/statistics/m4/2007/Sep/index.htm

Editor Note: folks - this IS the cause of inflation!!!

Provisional figures for September indicate that M4 rose by £17.0 billion, seasonally adjusted; below the average flow for the previous six months of £17.6 billion. The twelve-month growth rate fell to 12.8% from 13.5% in August.

M4 lending rose by £23.0 billion or 1.1%, seasonally adjusted, in September. The twelve-month growth rose to 13.1% from 12.3% in August.

M4 lending (excluding the effects of securitisations etc.) increased by £28.6 billion or 1.3%, seasonally adjusted, in September. The twelve-month growth rate rose to 15.0% from 14.4% in August.


Inflation Stats: CPI 1.8%, RPI 3.9% (updated Oct 07)
October 16th, 2007 under General. [ Comments: none ]

Consumer price indices
September 2007
In the year to September, the consumer
prices index (CPI) rose by 1.8 per cent,
unchanged from August.
In the year to September, the all items
retail prices index (RPI) rose by 3.9 per
cent, down from 4.1 per cent in August.
Over the same period, the all items RPI
excluding mortgage interest payments
index (RPIX) rose by 2.8 per cent, up
from 2.7 per cent in August.


 


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