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Christmas dinner evaluation
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- Lemon Quarter
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Christmas dinner evaluation
According to Good Housekeeping's Christmas dinner index , suggests that the 11 ingredients necessary for Christmas dinner are now 10.8% cheaper than they were in 2009. http://www.bbc.co.uk/news/business-38145439
Surely if the economy were working as it should one would expect things to be cheaper as time passes?
Inflation-adjusting prices from one year to the next or over any longer period of time presupposes 1) the constituents of the index remain unchanged during the period in question - (long term) they do not; 2) all factors remaining constant - unlikely ; and 3) the manufacturing efficiencies are not improving, resulting in cost savings for the producer and lower prices for the consumer.
The latter - 3) 0 I suggest the dominant influence. Technology, improvements in production efficiency, finance, economy of scale, etc all contribute to the output cost. Since profit margins are also geared to cost, it doesn't follow that higher prices mean high profits. Since higher prices stimulate competitors on price alone, it is often easier to maintain and/or capture more share of the market by reducing costs and charge lower prices.
Surely if the economy were working as it should one would expect things to be cheaper as time passes?
Inflation-adjusting prices from one year to the next or over any longer period of time presupposes 1) the constituents of the index remain unchanged during the period in question - (long term) they do not; 2) all factors remaining constant - unlikely ; and 3) the manufacturing efficiencies are not improving, resulting in cost savings for the producer and lower prices for the consumer.
The latter - 3) 0 I suggest the dominant influence. Technology, improvements in production efficiency, finance, economy of scale, etc all contribute to the output cost. Since profit margins are also geared to cost, it doesn't follow that higher prices mean high profits. Since higher prices stimulate competitors on price alone, it is often easier to maintain and/or capture more share of the market by reducing costs and charge lower prices.
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- Lemon Quarter
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Re: Christmas dinner evaluation
Of the items mentioned only 1, vegetables, is necessary and the one other that appears in this household, mince pies, are always home made.
This year Mrs S will be using 2013 vintage mince, so driving after consumption of a pie is not recommended if other alcohol has been taken.
I wonder what other ingredients apart from the turkey, vegetables, Christmas pudding, mince pies and, brandy butter mentioned are?
Slarti
This year Mrs S will be using 2013 vintage mince, so driving after consumption of a pie is not recommended if other alcohol has been taken.
I wonder what other ingredients apart from the turkey, vegetables, Christmas pudding, mince pies and, brandy butter mentioned are?
Slarti
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- Lemon Quarter
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- Lemon Half
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- Lemon Slice
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Re: Christmas dinner evaluation
Can't see any reference to Breadsauce, made with an onion and infested with cloves. Better than a good woman.
panamagold
panamagold
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- Lemon Pip
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Re: Christmas dinner evaluation
panamagold wrote:... Breadsauce ... Better than a good woman.
panamagold
Who can find a virtuous woman? for her price is far above rubies.
Personally, I've always wondered how much Ruby's price was.
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- Lemon Slice
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Re: Christmas dinner evaluation
Personally, I've always wondered how much Ruby's price was.
Would that be a 'Ruby Murray' then?
http://www.tamarindrestaurant.com/menu.html
panamagold
Would that be a 'Ruby Murray' then?
http://www.tamarindrestaurant.com/menu.html
panamagold
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- Lemon Quarter
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Re: Christmas dinner evaluation
panamagold wrote:Can't see any reference to Breadsauce, made with an onion and infested with cloves. Better than a good woman.
panamagold
But not as good as a bad woman.
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- Lemon Slice
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Re: Christmas dinner evaluation
sg31 wrote:But not as good as a bad woman.
Never a truer word. Way 'ta go.
panamagold
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