Another thing that seems to have shot up in price is cinema tickets. 2 Cineworld "superscreen" tickets to Thor are costing a total of £36.48 inclusive of the bullshit booking fee that buying online incurs.
The medium popcorn + medium drink combo is around £10 too.
Return_of_the_STAR wrote:Grumpy David wrote:I'm in Ireland for a few days and the cost of renting a car has skyrocketed. Thursday to Sunday is equivalent to £115 per day.
The Ryanair flights there and back are incredible value by comparison. The last time I needed to rent a car in Ireland it was about £35 per day.
Petrol gave me a heart attack too seeing the 1st number start with a 2 and the 2nd number start with a 1.
RTE reported that Ireland is along with Denmark the joint most expensive EU country.
https://www.rte.ie/news/business/2022/0621/1306070-ireland-and-denmark-most-expensive-countries-in-eu/Chicken fillet rolls still great value for money though.
Car rental prices seem to have shot up everywhere over the past year and a lot of this was prior to the explosion in coat of living. I'm not exactly sure what's caused it. I used to rent a vehicle in Spain every year for about two weeks. The most I've ever paid is £400, prior to the pandemic it was £257. Now it's a grand for a smaller car than that.
2nd hand car inflation has been going up since March 2020 but car rental doesn't seem like it should suffer the same level of inflation since it is so heavily linked to holidays which were on pause for most people for 2 years.
I also rented a car in February this year, fair to say that it's not as busy compared to the summer period but a Thursday to Sunday car rental cost me just under £100.
I suspect it's because expected inflation matters too, and the leniency to which consumers treat price increases - elasticity of expectations.
An example of this is the company Hasbro, they raised the price of Magic the Gathering cards by 11%. In the investor call, they say that revenue and profit have never been higher, and they're doing it because consumer perception of inflation will allow consumers to accept this.