because Oil is bought in dollars and the exchange rate is terrible against the dollar for both Euros and the Pound.
While that is true and the spiel the retailers like to point out I can assure you they are having us over and more so the supermarkets than the premium retailers.
If the supermarkets are ripping us off on their forecourts, there ripping us off in stores too and while inflation is running at 10% I’ve seen many, many prices in Sainsbury’s, Asda, Tesco, Morrisons, to name a few who’s price have been increased well past the inflation rate. As an example milk has gone up another 10% this week on top of the 10% from 2 weeks ago and not to mention the 20% a month or so ago, same goes for bread with an increase of around 60%.
Everyone knows there are problems in the supply world but retailers are adding to it without a doubt and look out for the massive profits being reported next April.
Isn’t it funny that the Ukraine suddenly became the bread basket of the world five minutes after the Russian invaded while there one of the poorest country, if not the poorest in Europe.