1.2%?? According to whom?
Didn’t know I was so prescient (see previous entry), but, today’s headlines screamed about the Sting Operation being sprung on us consumers as we casually return from our leisurely summer holidays. Nearly every consumer good is going up, averaging an annual cost to families of $1500 per year. The funny thing, they too noticed that milk had gone through the roof. But, don’t blame the cow farmers.
Yesterday, in Torino (now, they’re rather close in proximity and I’d say, personality at this point, to the French) they actually took their cows straight into the City Offices in protest. They say they are not raising the prices, so why have prices gone up 325% (that is NOT a typo). In October, the price of milk is expected to go up even further.
In fact, the October sting Is looking like this:
Pasta up 10-20%
Flour up 20-30% (watch out, pizza orders!)
Milk & milk products 10-20% (well, you could still switch to yogurt and get off easier)
And Bread, up a mere 10% because last March it was already up 20%
Water bills 14.7%
Electricity a tiny 2% (that's because it's already the highest in Europe - 66% above the avg. EU country)
And, even kids’ classroom books will be up by 12.4%
Food for thought.