Deflation...what deflation?

[Vega1447]

I think so. This will be interesting. I'd rather watch it from another planet mind you, but still interesting.

I'm intrigued by this - presumably some Irish importers/distributors are taking the exchange rate margin are profit at present?

This should show up in their annual statements?

Also if UK economy goes into hyper-inflation does taht necessarily mean the Euro-price of their exports will rise?

[Dios]

I'm intrigued by this - presumably some Irish importers/distributors are taking the exchange rate margin are profit at present?

Indeed, much as they were quick to take advantage of the confusion in the euro changeover. Have you noticed the pound sterling price tags being taken off the clothes in shops?

This should show up in their annual statements?

Yes, so the consumer watchdog should, er, never mind.

Also if UK economy goes into hyper-inflation does taht necessarily mean the Euro-price of their exports will rise?

Thats what I'm wondering at the moment. If their currency is devalued quicker than their inflation rises, they are in a great position to provide cheap exports. If the opposite, then you won't see much change or possibly the reverse. Its a tricky hydra of a situation, with too many factors involved for a casual consideration.

[Vega1447]

If their currency is devalued quicker than their inflation rises, they are in a great position to provide cheap exports. If the opposite, then you won't see much change or possibly the reverse..

The UK economy - if I understand correctly - has a lot less productive capacity than (say) 10-20 years ago.

If this is true then its hard to see how they could import raw materials with a devalued pound and take advantage of the low value of their currency by exporting a manufactured product.

IMO Irish consumers need to cop on and buy in Aldi/Lidl.
We are in a currency union so lets take advantage.

As an example:
I've become a Lidl chocoholic at €1.50 for 200g of good chocolate.
Vastly better than the rubbish that Cadbury sell - full of veggy fat.

If (I hope it is not when) I was on the dole I'd do all my grocery shopping there.

[Dios]

If this is true then its hard to see how they could import raw materials with a devalued pound and take advantage of the low value of their currency by exporting a manufactured product.

China has managed it fairly well. You are right though, I'd be fairly impressed if they can upgrade their industrial facilities to take advantage of the situation before it swings out of control. Higher import prices will have a ruinous effect on the country as well.

IMO Irish consumers need to cop on and buy in Aldi/Lidl.

You'd be better off shopping at your local greengrocers or butchers. They might be marginally more expensive on average, but you can get good bargains. I get ten chicken breasts for €10 at my local butchers, and the quality is far superior as well as supporting your local economy and small business. I've just finished wheeling in four tons of topsoil and putting down the spuds, onions, peas and scallions in the back garden as well myself.

[Vega1447]

You'd be better off shopping at your local greengrocers or butchers. They might be marginally more expensive on average, but you can get good bargains. I get ten chicken breasts for €10 at my local butchers, and the quality is far superior as well as supporting your local economy and small business. I've just finished wheeling in four tons of topsoil and putting down the spuds, onions, peas and scallions in the back garden as well myself.

Agree about supporting local butchers etc.

Have to say though that my *local* butcher is quite expensive.

Good luck with the veggy garden.