Daily Spends – A Diary of Spending Habits

What I spend, when and where?

The Pizza Price Index

with 3 comments

Pizza Price Index

Pizza Price Index

***My Pizza Price Index at 23.04.08 = £2.33***

I’m fascinated by what’s happening in the financial markets at the moment and everyday I’m learning more and more about how the economy really works.

The Times had a great piece this morning to illustrate how food costs are rising called the ‘Cheese Sandwich Index’. The theory being that you take the standard ingredients of the sandwich and measure their cost increase/decrease over a period of time.

I like this test. It looks like fun. So I’m going to launch my own price index (The Pizza Price Index) and inviting other bloggers to ride alongside me in a quest to document the highs and lows of the food markets.


The Pizza Price Index – Intro / Instructions

Here’s how I’m going to do it . . . Please use these criteria if you want to play along at home:

1 – Choose a flavour = Decide what you’re gonna have on your pizza (think about using different ingredients from across the globe to measure global pricing pressures)

2 – Specify the ingredients =
Make a note of the exact quantity of each ingredient on the Pizza so you can price up each part, and the total pizza price

3 – Calculate your start price =
Decide where you’re going to buy your products from and which brands you’ll be using. It’s important to keep these variables constant when recalculating your pizza price so you get a true reflection of the price increase. NB – Wherever possible I’ll be using ‘Value’ products as I think these will be more prone to market price fluctuations.

4 – Track your Pizza Price Index
= I’ll probably do this on a weekly or monthly basis in a spreadsheet and chart. Publish it to your blog whenever you like 🙂

5 – Link back to this page =
If you do want to play along . . . I’d appreciate it if you could link back to this page with the text ‘Pizza Price Index

6 – Leave a comment!
= Leave a comment on this post to let me know you’re taking part!

My Pizza Price Index
Lets get cracking then. I’ll start you off with my favourite Ham and Cheese Pizza fantastico!!!

Pizza Type: Ham & Cheese

Ingredients:
500g Plain Flour, 1/2 Tin Plum Tomatoes, 300g Cheese, 50g Mozzarella, 200g Ham

Ingredient Prices at 23.04.08
:
T Healthy Living Italian Mozzarella – £0.252
Tesco Value Ham – £0.525
Tesco Value Mild White Cheese Small – £1.344
Tesco Value Plain Flour – £0.12
Tesco Value Plum Tomatoes – £0.085
My Pizza Price Index at 23.04.08 = £2.33

So there you have it . . . the first ever Pizza Price Index . . . I’ll keep you updated over the next few weeks!

Advertisements

Written by dailyspends

April 23, 2008 at 1:49 pm

3 Responses

Subscribe to comments with RSS.

  1. I Love It!!! I’d much rather have a Pizza than a Cheese Sandwich any day! I’ve created a mouth watering Chicken & Bacon Supreme pizza for my index – check it out when you get chance: My Pizza Price Index

    My Budget Quest

    April 23, 2008 at 2:33 pm

  2. I always think the Big Mac Index is fascinating too. Check it out – http://www.economist.com/finance/displaystory.cfm?story_id=9448015, bit rubbish for the Norwegians eh?

    I was planning to making home made pizza in the next week or so, so will definately be calculating my Pizza Price Index and putting it on my blog http://trying2save.wordpress.com/

    trying2save

    April 23, 2008 at 4:35 pm

  3. […] index by dailyspends on June 3rd, 2008 Roll up! Roll up! A very exciting thing has happened! the PIZZA PRICE INDEX has increased for its time ever! Oh yes indeedy . . . in a shock movement the index has increased […]


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: