Crazy price increase

@Anne18 (11029)
April 18, 2012 1:46pm CST
I just had to pop into mylot quickly even though I'm pushed for time tonight.... a huge pile of ironing calls. To share this with you all I went to Tesco#s supermarket today to do my weekly shop, went to get my usual brand of washing up liquid that I normally buy. Last week it cost me 55p, this week it is priced at 90p. How can they justify such a big price increase? The annoying thing is that it could be back to 55p next week as I have seen this happen with other prices, but only by a few pence. I have also been and checked online shop and its 90p on there as well, so my local store hasn't made a mistake. Prices of food goods etc keep changing by the week, mostly by just a few pence, like my toothpaste went up by 5p one week and the next week it went back down by 5p!!! All I can say its good job for the supermarkets that they don't use a price gun to put sticky price tags on anymore, think of all that hard work they would have every week changing the prices tags.... BUT perhaps they should bring them back in to save us the buyer some money. Rant over!!
6 people like this
20 responses
• Puerto Rico
18 Apr 12
This could be the result of many factors. The supermarket may be trying to make more money trying to expand their margins, the manufacturer increased the price of the product, the costs to manufacture the product went up or there is a shortage of products that made the retailer pay a higher price for the product. To any of these possible circumstances you need to add possible adjustments to match inflation by the retailer. The effects of the markets are more interesting that many people think because it helps us understand what happens when price changes drastically over a short period of time.
3 people like this
@SinfulRose (3527)
• Davao, Philippines
18 Apr 12
Wait just a darn minute! It isn't supposed to work that way. Did they ever heard of accounting?! Warehousing and stuff like that? This makes no sense at all! When a store orders something from a...let's just say a warehouse...they don't order a stock for each item. It's always in bulks. Now why would they suddenly increase prices within a week?! Do they order their items weekly? I will understand it if that's how they do things--stocking up weekly. But I doubt everything there gets all sold out that soon.
• Canada
18 Apr 12
How much is in the package? Isn't 55 Pounds about $100 Canadian dollars? And 90P? I couldn't even imagine!!
2 people like this
@owlwings (43915)
• Cambridge, England
18 Apr 12
'p' stands for 'pence'. We don't have cents here. 55p = CA$0.87 and 90p = CA$1.42. Quite a price jump for something you HAVE to buy!
2 people like this
@GemmaR (8517)
22 Apr 12
I think that the increase in prices in the shops is something that we all have to be aware of at the moment, and it is a problem across the world as a whole rather than just in one country. I try to buy the supermarket's own brands, as these are the ones that are the least likely to rise in price in accordance with everything else in the shop. I saved £50 this week by buying these brands instead of the bigger ones, so this is something that I am definitely going to be carrying on in the rest of the year while money is a little bit tight.
1 person likes this
@maezee (42003)
• United States
18 Apr 12
What is "p" stand for? Just to understand what kind of currency we are talking about. I don't know what's up with that, it always sucks when that happens. Prices are so sporadic/random I feel like. Especially things like gas, that we absolutely need.
1 person likes this
19 Apr 12
p is pence. pounds and pence. british sterling. that's the currency.
1 person likes this
• United States
23 Apr 12
It is fraustrating, prices are always bouncing around and I wish most of the times it bounce back down again. I remember when a case of soda was $2.99 now you go to the grocery store and they cost $5 a pack that is ridiculous. We have reduced the amount of soda we drink because it has gotten so ridiculously expensive. Everything is fluctuating nothing stays the same for a long period of time. It seems like our pay continues to get cut, but at the same everything else continues to go up and then they wonder why our economy is going to crap!!!
1 person likes this
@Thoroughrob (11742)
• United States
19 Apr 12
Everything is going up, except our paychecks. It is getting so crazy!
1 person likes this
@derek_a (10874)
19 Apr 12
Yes, I know what you mean. Tesco is not always the cheapest though. We needed some washing up liquid, and I do the shopping each Wednesday because I can because I work from home and my wife has a full-time job and Tesco is too far.. I actually forgot about the washing up liquid, but strangely enough my wife was out during her lunchbreak and found Fairy Liquid in a cheaper shop in town at half-price - that was cheaper than the cheapest in Tesco. She did tell me how much it was and seemed very pleased at her purchase, but I got to admit I was not listening because I was laughing at Judge Judy whilst I was preparing our meal when she came in. Perhaps I am just a typical man, like she would say! But, being a typical man and forgetting to buy it, paid off this time! _Derek
@vicky30 (4766)
• India
19 Apr 12
For your country at least the price keeps decreasing and increasing. Here in India the price of petrol and diesel just keeps on increasing and increasing. Also when the financial budget is made, there are few items in which the price is the same or decreased but prices of most of the items have increased. Due to different economic factors the prices of items are increasing. I wish the prices should be set so that the middle class can afford most of the items easily.
@laken02 (3065)
• United States
19 Apr 12
wow that seem crazy, we do most of our grocery shopping at wal mart we got one a week and we do price comp meaning if we see it cheaper some where else like kroger wal mart will give it to us for that price, like milk and pop , so we catch it on sale and buy a few extra.. today i did not feel like fighting a crowd so i stopped at our save a lot and got waht i needed and only spent 10.00 i was happy.. we try to save on grocerys when we can..
1 person likes this
• Philippines
19 Apr 12
It is the same here in the Philippines. You know poverty incidence in my country is too high and with the continued price increase of basic commodities, more of us are added to the number of impoverished people. That is also true that the increase is almost every week. Salary does not increase but the price of food commodities keeps going up. Transportation cost also increases more often. So how could we cope?
1 person likes this
19 Apr 12
i was thinking the same thing the other day.. a lot of the stuff i usually buy had all gone up in price, and then the things i usually don't buy because they are too expensive were all on offer.. it was like something weird was going on lol! i hate tesco anyway. i swear i do! i've done the exact same shop in asda before and saved over £30! no joke!
1 person likes this
• Mexico
20 Apr 12
It would be interesting to know in which country you are to be able to give you a more fitting answer.
1 person likes this
@tinjan11 (75)
• Philippines
19 Apr 12
Prices in the market nowadays is really shocking. The cost of every item seems to get higher and higher. The biscuits that I usually buy in the market increased by 3 in its original price for just a matter of around 3 months. Even though I only buy small goods, it costs a lot already. I was really shocked with the prices. I think, the main reason for the increased in the prices of goods is due to the increased in the price of oil. I'm hoping that the prices of oil will be low.
1 person likes this
• United States
18 Apr 12
Tell me about it! I live in California and the price of just about everything has gone up here. People around here try to find discounts where they can because prices are so high.
@celticeagle (157563)
• Boise, Idaho
18 Apr 12
It's supply and demand. I go to Walmart monthly for our groceries. I keep the receipt and try to watch the prices. It does flucuate. And we have Albertson's grocery just across from where we live. They have a card you can use and a number is in the system. I think they jack up the prices and then give you a few cents off with the card if you use it. So you think you are getting a great deal.
@bunnybon7 (50975)
• Holiday, Florida
18 Apr 12
yes and it happens here also and dont it just tick you off when you really need it, pay a higher price, then its on sale the very next day or so or you find a really great coupon on it.
1 person likes this
• United States
18 Apr 12
The whole price thing can be so frustrating. It's like the things we really need like toilet paper and soaps are constantly going up. It sure seems like they just sit around and find the things that we simply cannot live without and decide to really stick it to us on those items. I know they don't really - but it sure feels that way sometimes!
@Archaiwy (599)
• China
19 Apr 12
Prices are high in every country. In our country, it is the same case. the price is changing all the time. Or the price of the product isn't raised but the quantity of it is reduced. Those businessmen use all the heads to think of many kinds of ways to raise the price, even they lie to the customer.
1 person likes this
@telmesh (1793)
19 Apr 12
Yes Anne this price fluctuation happens all the time in Asda and I talk about it all the time at the checkout, saves talking about the weather. Best price change I came across was Nescafe coffee that was on sale for £4 /300g, realising it was a bargain bought 3 jars every-time we went in. Then whoops it jumped to £7.17. We were laughing and the jars stayed on the shelf. They came down to £5 after that then up to £7.69aprox. We are still using our £4 jars. Good old rant Anne !!