> "You have a family, house, and retirement to think about now" was his answer.
That's a fair point from an individual perspective. Although, it's concerning that society as a whole appears to be experiencing the same shift.
> Part of the spread in feeling vs CPI is likely that CPI represents reported purchases. If people want steak and buy ground beef, CPI reports on the ground beef while you and I in daily life might be noticing our desire for the steak.
That's true. I also suspect that people that were struggling before have been impacted much more severely by price rises. In my country, prices in budget supermarkets have increased by a much greater percentage[0]. Own brand products seem to have been affected even more[0]:
> we found other Tesco products, including Hearty Food Co Two Garlic Chicken Kievs (260g), Grower's Harvest Orange Juice (3 x 200ml) and Rosedene Farms Small Pear Pack (550g), all soaring by more than 60% in price.
> At Asda, two versions of its Free From cream cheese products – its Soft Cheese Alternative (170g) and its Garlic & Herb Soft Cheese Alternative (170g) – went up from 93p to £2.12, an increase of 128%.
That's a fair point from an individual perspective. Although, it's concerning that society as a whole appears to be experiencing the same shift.
> Part of the spread in feeling vs CPI is likely that CPI represents reported purchases. If people want steak and buy ground beef, CPI reports on the ground beef while you and I in daily life might be noticing our desire for the steak.
That's true. I also suspect that people that were struggling before have been impacted much more severely by price rises. In my country, prices in budget supermarkets have increased by a much greater percentage[0]. Own brand products seem to have been affected even more[0]:
> we found other Tesco products, including Hearty Food Co Two Garlic Chicken Kievs (260g), Grower's Harvest Orange Juice (3 x 200ml) and Rosedene Farms Small Pear Pack (550g), all soaring by more than 60% in price.
> At Asda, two versions of its Free From cream cheese products – its Soft Cheese Alternative (170g) and its Garlic & Herb Soft Cheese Alternative (170g) – went up from 93p to £2.12, an increase of 128%.
[0] https://www.which.co.uk/news/article/supermarket-budget-and-...