JUST IN | Inflation hits new 13-year high

[Pegasus]

As usual, what luxury shyte are you buying when you figure this out...

R20k for 15 people for a week is stupidly easy, and the stuff would all be very good.

That’s 105 meals. For 20k, you can buy 200 Streetwise 5’s.

 

[Pegasus]

Uhm. I don't believe them. The basket is silly.

It’s not easy to create a basket that caters for everyone in this country. A shock dweller doesn’t spend his his money on the same things as an upper middle class person, but they are in the majority.
And the basket is the average of consumption, so it reflects pretty much no individual.

https://www.statssa.gov.za/cpi/documents/Introduction_of_2016_CPI_weights_and_basket.pdf

 

[requiem]

That’s 105 meals. For 20k, you can buy 200 Streetwise 5’s.

No, it is 315 meals.

15 People * 7 days * 3 meals.

= 305 Meals.

R20k equates to R65 a meal per person. This is assuming nothing else was purchased, toilet paper, cooking aids, cold drink, beer, snacks etc.

 

[rietrot]

It’s not easy to create a basket that caters for everyone in this country. A shock dweller doesn’t spend his his money on the same things as an upper middle class person, but they are in the majority.
And the basket is the average of consumption, so it reflects pretty much no individual.

https://www.statssa.gov.za/cpi/documents/Introduction_of_2016_CPI_weights_and_basket.pdf

Mostly agree, and it surve its purpose I suppose

 

[rietrot]

No, it is 315 meals.

15 People * 7 days * 3 meals.

= 305 Meals.

R20k equates to R65 a meal per person. This is assuming nothing else was purchased, toilet paper, cooking aids, cold drink, beer, snacks etc.

Who still eats 3 meals a day? R65 per meal is still really easy especially on that scale. It gets slightly difficult if you are cooking for only 1 or 2 and want to be fancy.

 

[noxibox]

you will always be wrong on this issue, as taken from a masters thesis quoting a FED banker, emphasis added

What it might have meant at the time of the American Civil War is fundamentally irrelevant.

 

[Pegasus]

No, it is 315 meals.

15 People * 7 days * 3 meals.

= 305 Meals.

R20k equates to R65 a meal per person. This is assuming nothing else was purchased, toilet paper, cooking aids, cold drink, beer, snacks etc.

Ah yes, was only on my 1st coffee when I did that calc.

 

[requiem]

Who still eats 3 meals a day? R65 per meal is still really easy especially on that scale. It gets slightly difficult if you are cooking for only 1 or 2 and want to be fancy.

Not disagreeing that it is doable.

But it is not quite as easy as it is made out to be.

All the little things add up, having fresh fruit, cold meat instead of peanut butter, toilet paper, chips, cookies, beer, cold drink, sweets. Then think of the cost of good red meat.

If eating a bowl of pap and a piece of wors everyday sure - lots of money to spare too.

 

[rietrot]

Not disagreeing that it is doable.

But it is not quite as easy as it is made out to be.

All the little things add up, having fresh fruit, cold meat instead of peanut butter, toilet paper, chips, cookies, beer, cold drink, sweets. Then think of the cost of good red meat.

If eating a bowl of pap and a piece of wors everyday sure - lots of money to spare too.

Lol understandable that people struggle (with their health and depression more than anything else) with a grocery list like that.

 

[surface]

It is almost like some of you guys have never ever had a domestic that earned 5-7K per month. They would be ecstatic to have R20K which can feed 15 people for a week.

First world issues on mybb. Oh - my coffee dealer gave me a wrong blend today. FML, how am I going to survive this?

smh.

 

[DreamKing]

you own nothing and you will be happy .....

south africans are happy.

 

[Harold_Crick]

Shirley it is higher?

I nearly fell over in the shops yesterday. A loaf of Sasko premium white sliced bread was R18,99. At the start of the year it was R13/14,99. Granted sliced bread isn't your cheapest option, but bread is still something basic and if that has gone up by ~25%, what has everything else done?

 

[ToxicBunny]

Not disagreeing that it is doable.

But it is not quite as easy as it is made out to be.

All the little things add up, having fresh fruit, cold meat instead of peanut butter, toilet paper, chips, cookies, beer, cold drink, sweets. Then think of the cost of good red meat.

If eating a bowl of pap and a piece of wors everyday sure - lots of money to spare too.

When you're catering for 15 people, R65 per meal per day is bollocks easy, and they would all be good meals.

 

[TheMightyQuinn]

That's quite a difference. So what was the 3.22% you stated?

I incorrectly quoted the average inflation for the last 50 years.

My mistake.

 

[saturnz]

What it might have meant at the time of the American Civil War is fundamentally irrelevant.

can you tell me what was monetary policy like during the American Civil War?

I'll wait

next you will say price means something different, demand means something different, everything means something different...

even the word different means something different

 

[yebocan]

Shirley it is higher?

I nearly fell over in the shops yesterday. A loaf of Sasko premium white sliced bread was R18,99. At the start of the year it was R13/14,99. Granted sliced bread isn't your cheapest option, but bread is still something basic and if that has gone up by ~25%, what has everything else done?

well, looks like the relevant authorities are NOW starting to do their job....

The retail and producer prices of white bread were R15.46 and R11.31 respectively in January 2022 - a difference of R4.16. By June 2022, the retail price of a loaf of white bread was R17.41 and the producer price was R12.42, a difference of R4.99.

To the commission, this indicates that retail prices of bread have risen faster (12%) than producer prices (10%) over this period.

Looking further back, the commission submits that a steep decline in producer prices, which went from R11.71 in August 2019 to R10.08 (16%) in September 2019, was not passed on by retailers to consumers.

https://www.news24.com/fin24/econom...-cost-cuts-for-bread-on-to-consumers-20220825

 

[MuterOfWorlds]

Last night I saw this video a woman posted on Monday in America. She has family over for the week. Some or the other family gathering. They are 15 people and they went to a store to buy groceries, goods, meat, food and cold drinks for 15 people the week. She filmed the whole escapade. filled 7 trollies with everything they needed to accommodate 15 people for a week.

She shat herself when she had to pay. Showing the totals on the till slip. She complained about increasing prices and could not believe she had to pay US$1,200 for everything. In SA there is no chance in hell to cater for 15 people for a week at R20k which includes food, meat, cold drinks and way more.

Even with high inflation abroad they are still light years ahead of SA in terms of living costs.

The real problem with inflation is when it becomes permanent, like here in SA and there is nothing that can be done to stop it again.

R20k a week for food is not enough to feed 15 people? A WEEK!?!? R2850.00 odd a day isn't enough? Wtf are your spending that money on?

Granted, not even enough if you're having to feed the cadres, with their expensive tastes, but that's a tastes problem, not a money problem.

 

[rvZA]

R20k a week for food is not enough to feed 15 people? A WEEK!?!? R2850.00 odd a day isn't enough? Wtf are your spending that money on?

Granted, not even enough if you're having to feed the cadres, with their expensive tastes, but that's a tastes problem, not a money problem.

Converting Rands to Dollars and vice versa should never be done as this skews the statistics.

Let's rather determine real living costs. There is only one way to do this.

You take 2 people in each country with the exact same job and take a look what one can buy with his money and what the other can.

So, let's start with a Sergeant in the police in SA and a Sergeant in the police in New York. In SA the Sergeant earns around R17k a month and a Sergeant in New York US$7,500.

So, the Sergeant in SA does not have R20k to do this to start with. The Sergeant in New York, on the other hand can afford this 5 times a month.

You can do this test with rent, buying a house, buying a car, buying groceries, filling a tank of gas, Internet access, buying computers, and see how much more a person in New York will get vs what a person in SA will get. The US has a living cost of at least 1000 times lower compared to SA.

This is living costs.

 

[TheMightyQuinn]

It is almost like some of you guys have never ever had a domestic that earned 5-7K per month. They would be ecstatic to have R20K which can feed 15 people for a week.

First world issues on mybb. Oh - my coffee dealer gave me a wrong blend today. FML, how am I going to survive this?

smh.

Just calm down...not everything on MyBB has to be about the poor oppressed masses either, does it?

The domestic doesn't have car payments...house payments...insurance...electricity bills...etc etc. First world issues are real issues too aren't they.

Go virtue signal somewhere else please....or audit braai stories in Perth as usual.

 

[ToxicBunny]

Converting Rands to Dollars and vice versa should never be done as this skews the statistics.

Let's rather determine real living costs. There is only one way to do this.

You take 2 people in each country with the exact same job and take a look what one can buy with his money and what the other can.

So, let's start with a Sergeant in the police in SA and a Sergeant in the police in New York. In SA the Sergeant earns around R17k a month and a Sergeant in New York US$7,500.

So, the Sergeant in SA does not have R20k to do this to start with. The Sergeant in New York, on the other hand can afford this 5 times a month.

You can do this test with rent, buying a house, buying a car, buying groceries, filling a tank of gas, Internet access, buying computers, and see how much more a person in New York will get vs what a person in SA will get. The US has a living cost of at least 1000 times lower compared to SA.

This is living costs.

Cute, show that your original statement is complete and utter horseshyte so try change the goal posts.