The sharper eyed amongst you will have noticed that there was no inflation watch last week. I have decided to extend this out to two weeks this time and then monthly. The figures were jumping about a bit quite a lot and I was more interested in establishing trends.

Compared to the baseline figure set on the 4^th Jan 2010, this week has seen a drop in the overall cost and the weighted cost of the basket.

Reports on the BBC this morning said that inflation had risen, but I believe they were comparing last year’s prices with this year’s when VAT would have had an effect.

Fuel, although up on the year, was down on last week.

Two points to note, there were no Maris Peer potatoes available so I had to use the price for Maris Piper, which are normally about 10p less per bag. I also had to replace the Tanglefoot beer for the future with the slightly cheaper McEwans. Last week I was forced to use a much more expensive brand as it was the only one available that came close to Tanglefoot.

Inflation Watch Graph:

DATE	04/01/10	08/02/10
			Direct
APPLES 1KG (G/Smiths)	£1.600	£1.500	-£0.100
POTATOES 5KG (Maris Peer)	£1.600	£1.500	-£0.100
BLUEBERRIES 225G (price per Kg)	£8.890	£8.890
CARROTS 1KG	£0.800	£0.920	£0.120
BANANAS 1KG	£0.990	£0.990
BREAD HOVIS (800g)	£1.540	£1.540
BREAD Own Brand (800g)	£0.750	£0.750
MARGARINE 500g (Flora)	£1.960	£1.000	-£0.960
MARGE Own Brand 500g	£1.110	£1.080	-£0.030
ORANGE JUICE 1 LITRE Own Brand	£1.070	£1.070
MILK 2.27 LITRES	£1.530	£1.530
RICE 500g (Basmati Own Brand)	£1.050	£0.640	-£0.410
CANNED PEAS (300g Own Brand)	£0.450	£0.450
BAKED BEANS HEINZ (415g)	£0.640	£0.640
BAKED BEANS (420g Own Brand)	£0.450	£0.450
COFFEE GOLD BLEND (100g)	£3.060	£3.060
COFFEE Own Brand (100g)	£1.850	£1.790	-£0.060
EGGS 6 Own Brand	£1.470	£1.470
FLOUR Own Brand	£0.890	£0.890
TOILET ROLLS x4 Own Brand	£2.060	£2.050	-£0.010
TOOTHPASTE COLGATE TOTAL (100MG)	£2.100	£2.100
TOOTHPASTE Own Brand (100MG)	£0.450	£0.550	£0.100
HAIRSPRAY HARMONY (300ml)	£1.860	£1.860
AIR FRESHENER SPRAY (300ml)	£1.170	£1.170
BEER (4xTANGLEFOOT)	£4.970	£4.760	-£0.210
WHITE WINE 70cl Own Brand CHARD	£5.990	£5.990
RED WINE 70cl Own Brand SHIRAZ	£5.990	£5.990
CD MUSIC	£9.990	£9.990
DVD FILM	£14.990	£14.990
PETROL PER LITRE (Not supermarket)	£1.099	£1.124	£0.025
DIESEL PER LITRE (Not Supermarket)	£1.109	£1.144	£0.035
CORN FLAKES KELLOGS 500g	£1.960	£1.980	£0.020
CORN FLAKES Own Brand 500g	£1.100	£1.100
6 X 400G PEDIGREE DOG FOOD	£3.970	£3.760	-£0.210
6 X WHISKAS 390G CAT FOOD	£4.190	£4.190
2 X PORK CHOPS (PER Kg)	£9.150	£6.290	-£2.860
2 X COD (per kG)	£9.250	£12.500	£3.250
ROASTING CHICKEN PER Kg	£2.890	£2.890
TOTAL	£115.988	£114.588	-£1.400

------ Other articles of interest ------

• The Economic Voice totally unscientific Inflation Watch (update 2)
• Fuld blames the Fed
• Kabul Bank taken over by Afghan authorities
• Can strong growth still be bad news?

Tags: deflation, economics, finance, inlation, News, shopping, supermarket

This entry was posted on Monday, February 8th, 2010 at 4:47 pm and is filed under Business & Finance, News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.