Over the last few weeks we've started to receive notices of price increases from most of our suppliers - the average increase is around 12%, plus all shipping charges are increasing by around 5% due to additional fuel surcharges. This combined with our own cost increases (fuel etc) now means I'm going to up our install rates too - high inflation here we come!!!

have others started to see similar?

My main purchase is steel which has risen 26% so far this year!!!

Our purchases tend to be made via framework suppliers where there's an agreed discount fixed for the period of the contract, so we're immune until renewal time. Luckily, there are people here whose job is to be commercial so I don't see much of that fun  

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Kaine, I trade the FOREX EuroDollar so monitor these things very closely.

Put simply, hold on to your hats as it's going to be a bumpy ride.

Oil costs are the preliminary cause although bear in mind the effects of growing economies such as China and India have on the cost of things such as Steel (Massive construction demands) and a shortage of containers for shipping worldwide (Again being driven by increased demand from growing nations, in turn made from Steel if produce more)

Just today, the ECB increased its minimum bid rate from 4 to 4.25%, US unemployment grew to a new recent high, US ave hourly earnings stayed the same (In light of increased cost of living) and the US ISM (Measures activity level in an economy such as new orders, employment, purchasing levels etc.) fell below the magic 50point mark indicating a slowing down in the economy.

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Another useful post from Cyprus. The sun's getting to you mate, I tell thee. 

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Supertrotter wrote:

Kaine, I trade the FOREX EuroDollar so monitor these things very closely.

Put simply, hold on to your hats as it's going to be a bumpy ride.

Oil costs are the preliminary cause although bear in mind the effects of growing economies such as China and India have on the cost of things such as Steel (Massive construction demands) and a shortage of containers for shipping worldwide (Again being driven by increased demand from growing nations, in turn made from Steel if produce more)

Just today, the ECB increased its minimum bid rate from 4 to 4.25%, US unemployment grew to a new recent high, US ave hourly earnings stayed the same (In light of increased cost of living) and the US ISM (Measures activity level in an economy such as new orders, employment, purchasing levels etc.) fell below the magic 50point mark indicating a slowing down in the economy.

We're doomed I tell ye, doomed!

I don't really follow UK quite as closely now but if memory serves the UK interest base rate is 5% (From 5.25%), therefore keep your money in GBP if you are a saver.

However, all our money is in Euros and US Dollars and currently we are trying to resist taking ANY money out of the USD into Euro as we are getting murdered on exchange rates.

12 months ago, The EUR/USD was at the 1.3700/1.3800 mark but is now tracking at 1.5800 mark.

So if you took $1,000 out of USD into EUR based on average of above price bands:

Last year = 727 Euros
Today = 632 Euros

Multiply that up by however many 000's you plan/need to take out and it adds up to a hammering!

You can expect some increases in months to come as a lot of federal govenors believe it is a key tool for resisting inflation.

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My sentiments exactly....

I just wonder if the pound will get worse or better against the Euro....  2022 P440e AB

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Interesting little piece on oil prices on MSN Money

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