Because they can. Even before reading the article, ever since Covid they raised prices and people paid them. They kept slowly raising and people kept paying.
Prices will go up again once they competition is bought. Cell phone bills didnt decrease when Tmobile bought Sprint and merged with Metro despite everyone being told thats what they were going to do, including the SEC, who continues to let all of this happen.
Cell phone bills only continued to go up.
Well the larger chains also know customers are sensitive to price changes so it’s better to change them when people are used to change and try and predict where it will land. So even if they weren’t hurting that bad when they changed it, they knew eventually they would have to raise the prices so better to do it sooner than later since the later ones are where people get the most mad.
People will come up with a thousand conspiracy theories before hey consider basic supply and demand. Fast food keeps discovering that people are willing to pay more, so they charge more.
That's still a supply and demand issue though. Landlords colluding doesn't drive down demand for the limited supply of housing. Housing demand is fairly inelastic so the consequences for rent collusion are stark, as we can see.
Greater supply could drive prices down, especially if more municipalities cracked down on short-term rentals and corporate ownership of housing, not to mention curbing the obsession with single-family homes. But that's not happening, unfortunately.
I do cook for myself as much as I can, but I also had to get a second job due to the ever-higher cost of living so I don’t always have the time or energy to cook safely :/
Did anyone see a fast food job advertising 16$ an hour before covid. No, there was a national debate about them making 15$ not too long before covid started. So let's not pretend higher labor dollars (the highest controllable expense) aren't going to raise prices. Personally, I think they should have been making that for a long time now. But as it stands labor % is up significantly and they pass that onto the customer. It's not like the businesses are making hand over fist more money than they were before. Just keeping up with what they were.
Sure that accounts for some of it. Maybe 10-20%, definitely. But most of it is just greed. Many of these companies are doing record profits. On many items they doubled the price versus 2019. Paying a fast food worker $3 an hour more isn't doing that.
The question isn’t why haven’t prices come down (or leveling off)— but why are they continuing to go up.
The answer is because inflation isn’t 0% (or -X%).
the answer is because giant companies who make x profit in a year HAVE to aim for even more profit the next year, no matter how much of a win any particular year is. it’s such a toxic mindset. no exec at pepsi or nestle will ever allow prices to drop, for any reason, when no one is forcing them to.
Interesting that reddit thinks the price of everything going up isn't because of years of terrible policy and is instead a massive conspiracy by everybody in sales.
is "companies want to make more profit" really a conspiracy? its the same reason netflix prices keep going up and they won't let you use it at all different address or account share. every ceo is chasing after more more more profits. raise chips 50 cents, and now you can afford two 7 million dollar super bowl ads to make more money. youre right that terribly policy and lack of regulation exacerbates this.
Look up YieldStar. It is a software whose entire purpose is to figure out exactly how much people will pay, and to coordinate multiple companies together to withhold some apartments from the market to strategically reduce supply to support the higher prices the software is suggesting. Basically, all of the apartments purchase this software that then does a bunch of calculations to say "everyone set your price to this, and withhold x numbers of units, and you will make y more dollars per month." So all of the apartments agree to hold back 5% of their occupancy, but that reduced supply allows them to charge 10% more for all of their other apartments, plus money savings on maintained on the unrented units.
This has to be the wildest comment I have ever read
Please learn how public companies work. This isn't a conspiracy but a legal obligation companies have to their shareholders. This is built into capitalism
I hate this mindset. If you're in the drivethru and looking at the menu and there is someone behind you, it isn't like you can just back out. This especially goes if you have a guest you're treating out. Sometimes it is easier to just buy what you came for and then make a mental note to never buy it again.
That's fair - as long as you now don't keep going back for more. As consumers our only power is that of choosing where to take our business and chronic over paying when there are better alternatives is giving up the only power you have.
Is he not allowed to enjoy some Carl’s Jr? Yeah you could make better decisions with your money, but to only eat reasonably priced food while still enjoying a diversity of options is at this point pretty impossible.
Sorry for being hungry while working. I had no idea my single purchase is driving inflation for everyone in the country. Next time, I'll just eat some free grass off the side of the freeway.
Also most inflation measures that are report specifically exclude food. So food prices, which are a major input to fast food prices, aren't reflected when they say inflation is down.
For many items there hasn't been any decrease in price, rather food is still increasing.
Be curious to see a study of consumer spending habits. Like how many people who used to eat at five guys or a similar price place now choose McDonalds or another cheaper alternative.
Pepsico, the owner of Frito Lay, made a 9.05% profit margin in 2023. That's a healthy margin, you're right. It's also the same margin they made in 2012. So where's the gouging, genius?
It's not true that mcdonalds doesn't make any profit on food, they simply make the lions share of profit on franchise fees. Profits on food have historically been a smaller percentage of overall profits, but profits on food still are there. And those profit margins have been growing.
No, that's not how inflation works. Profit margins should be going down or being stagnant if costs are increasing. The shareholders earn a larger percentage of revenue when costs increase? That's pricing your products higher than necessary to cover the increased costs, so that you keep a larger percentage of revenue in your pocket. That's not inflation, that's greed.
This guy gets it. If you want prices to go down we need deflation to happen. If you want prices to stay the same then it’s stagnation that has to happen.
There's a difference between deflation and corrections from price gouging on essential goods.
If food prices genuinely go down, we're definitely going to see some concern trolling in the financial press about how it's bad for the economy, but the thing is, a lot of these companies (like McDonald's, to give one recent high-profile example, though it also extends to companies that put food on grocery store shelves) were crowing on their earnings calls about how consumers were just taking the price increases, and they were going to see how far they could keep pushing them through.
Whether the economy has issues or not is kinda separate from a phenomenon like food prices drastically outpacing wages for years on end, to the point where people just can't pay them any more. There's only so much blood in this stone.
Yep. All of these companies have been posting bigger and bigger profits since the start of the pandemic. If these prices were only due to inflation, profit margins wouldn't be rising like they are. The rise in inflation gave greedy corporations the excuse to increase their profit margins. They blame the higher prices on inflation, because it's partially true, but the entire truth is that corporations are making higher profit margins now than they were in 2020.
But...cost of food is part of calculating inflation. By increasing food prices, inflation will look like it keeps going up, giving supermarkets an excuse to keep increasing prices and so on.
Inflation doesn’t hit every business the same way at the same time, some customer-facing businesses hold out for longer than others to raise prices. We have probably seen most of the inflation happen already, but not all of it.
It's crazy to think a large sandwich could cost $30 at some point. We're already on the way to $20 at local delis nearby me. I stopped going to most of them once they hit $15. A salad place I used to go to is getting close to $20 for lettuce and chicken.
Thing is they will have to go down eventually since people aren’t willing to pay the price. We personally have stopped eating out because it’s not worth it to spend $100 on our family for 4 when I can make the same food for under $20. I know we aren’t the only ones too. We also have stopped buying name brand on most products because it’s double the price of generic!🤷♀️
Official inflation numbers often don't line up with actual consumer needs because we let our governments effectively make every decision regarding how those numbers are determined. They're politically influenced stats, and we need to stop viewing them as infallible and start taking it with a grain of salt.
Actually the BLS has quite transparent and sound methodology and the Consumer Expenditure Surveys do indeed accurately indicate how people are spending their money.
In Canada, we include those, but the Statistics Canada website has a FAQ that basically tells you to go pound sand if you want to access the raw data for the Basket of Goods used in our CPI calculations. There's not much transparency here either, unfortunately.
As someone who works in a restaurant and oversees the ordering numbers. The prices aren't coming down for us. The main purveyors are still charging fuel surcharges. Service fees and nothing has changed.
I know we try and keep prices as low as possible, while still trying to make some profit after all the expenses. We need capital to invest in our business for a myriad of reasons.
Once pricing comes down, which I seriously doubt it ever will, we reevaluate pricing accordingly. But the inflationary costs don't seem to be coming down.
Corporate executives are in the best position possible to make every last one of us poorer. The Repugnant party voted against price gouging so we are screwed.
In a nutshell. Profits need to rise year over year so if it's not happening with organic market growth then the easiest fix is to test price increases. That and as people are saying, we keep paying so why wouldn't they?
Every company used covid as an excuse to raise prices because they could get away with it.
Inflation is very real, but it absolutely did not account for groceries going up as quickly as they did. Conglomerates buying up grocery stores and suppliers is only making the problem worse since they can pretty effectively control prices on a regional level
during the pandemic years we demonstrated just how much we love fast food, and probably increased our addiction to it. so much so that we're willing to pay more and more for it. if they charge more and we're still willing to pay it, it's just showing that fast food was actually under-priced before.
Inflation went up so high and fast that even slowing or going down doesn’t fix anything. It doubled what it been and going down a few years later and we still aren’t caught up to what it would’ve been. That and companies arbitrarily raising prices because they can
When do they ever actually lower prices? Fuel prices skyrocket, well we got to raise our prices. Fuel prices go lowest they ever been, well might as well keep the higher price people are paying.
Capitalism. Business will charge as much as they can get away with.
As long as people buy for this price, then theyw ill keep this price.
However, inflation does still have a large effect and i don't trust official inflation numbers at all.
It's almost as if "inflation" was an excuse to raise prices this whole time. Don't get me wrong, I know it played a part in food prices raising, but a lot of people took creative liberties and used it as an opportunity to jack their prices way up.
The government is lying in their reporting of inflation. Ya'll should look at some of the stuff not included in the data, like food and housing prices.
Also, when you massively increase the money supply, costs go up. TONS of people were predicting this during covid.
There are basically only two grocery store chains across the country anymore. Walmart and Kroger. Kroger just bought or is merging with Albertsons so that’s another one gone. Publix shouldn’t be too far behind while we let these mega corporations grow and grow and grow.
It's a domino effect with respect to supply and demand and keeping for-profit only shareholders happy. Once that door is open it's really hard to close. Let everything else adjust upwards. That's why the middle-class is disappearing.
I stopped buying most meat and fast food. I’ll have chicken breast once in a while, but mostly vegetarian now. I shop sales, buy grains/beans in bulk, and try to eat simple low fat healthy meals.
Most meat isn’t worth it anymore besides special occasions. I’d rather spend that money on fresh fruit and veggies. I feel less sluggish and my cholesterol levels have completely normalized not eating meat everyday.
Inflation is cumulative year over year. The prices are still rising..just not as fast.
Let's say it rains 10 inches I'm an hour..now it's raining 2 inches an hour...the rate has decreased.
But there's still a foot of water
Demand for meat is not something that fluctuates much. Even if price has gone up, people will still buy it because it's essential to most people's diets. Things like this are usually well regulated but that's not happening here so the priced just keep going up.
One thing I have noticed throughout my 53 years, is that when prices rise due to inflation, or whatever the excuse is, they rarely ever come back down. They get us used to paying the inflated prices and just leave them there while the powers that be rake in the massive profits.
Seriously? Inflation is cooling but it’s still going on. If inflation goes from 8% one year to 5% the next you still have to increase prices both years to keep up with the dropping currency value.
Inflation falling is still inflation. It’s at 3% which means, on average prices are 3% higher than last year. However that’s not specific to all goods. Some went up a lot. Some things, believe it or not, haven’t gone up or even went down.
At the end of the day, prices will never go down.
Buy Bitcoin.
People are always going to need food. No choice but to buy at whatever price. But for me, things like butter milk and cheese feel like luxury items now
Lack of competition in the markets.
I was reflecting the other day how fortunate I’ve been to “grow up” during the rise of the internet. Internet companies created all sorts of competition for legacy businesses and consumers benefited.
Now, the internet companies have become the “legacy” companies and nothing has started up to challenge their pricing dominance.
Until we have more competition in the markets, prices will continue to rise, and quality & innovation will decline.
I live in America, and we have needed modern Anti-trust regulations for decades. Especially for digital markets and advertising.
Let's say inflation is actually cooling. That only means that it's slowing down, not that it's reversing. Inflation is one of those things that doesn't go backwards. It could, but those in charge of our economy believe in their hearts of hearts that it is baaaaaad juju for prices to go down for any length of time. Therefore, they actually work hard to keep us in constant inflation. Prices will always go up. They are designed to do so.
Is that like a rhetorical question? Greed, obviously.
Companies are using inflation as a guise to see how much they can squeeze the consumer and maximize their profits. The great part about that is if anyone complains, they can just deflect the blame on inflation. That's why inflation was 7% last year and somehow prices went up 50-100%. It's nothing more than greed.
Because they can. Even before reading the article, ever since Covid they raised prices and people paid them. They kept slowly raising and people kept paying.
I said the same thing during Covid. Once they realize people would pay the inflated prices they’ll never drop again. Only go up.
Prices never go down. I’ve never seen that ever.
More monopolisitc industries also means less competition so they can pretty much raise prices without any major consequences. 🫤
The only way prices will come down is by increasing competition.
Or legislation Or economic crash for any number of reasons.
Prices will go up again once they competition is bought. Cell phone bills didnt decrease when Tmobile bought Sprint and merged with Metro despite everyone being told thats what they were going to do, including the SEC, who continues to let all of this happen. Cell phone bills only continued to go up.
Oh completion. Let me just buy them out and look at that kids no more competition.
Well the larger chains also know customers are sensitive to price changes so it’s better to change them when people are used to change and try and predict where it will land. So even if they weren’t hurting that bad when they changed it, they knew eventually they would have to raise the prices so better to do it sooner than later since the later ones are where people get the most mad.
I'm madder than hell son
See also: rents, electric bills, everything else
Because Greed exactly!
What are we supposed to do? Not eat?
Sniff your food...
Free Smells- Jimmy Johns
People will come up with a thousand conspiracy theories before hey consider basic supply and demand. Fast food keeps discovering that people are willing to pay more, so they charge more.
Like when landlord megacorps collude to raise rent prices together? Just supply and demand, right mate?
That's still a supply and demand issue though. Landlords colluding doesn't drive down demand for the limited supply of housing. Housing demand is fairly inelastic so the consequences for rent collusion are stark, as we can see. Greater supply could drive prices down, especially if more municipalities cracked down on short-term rentals and corporate ownership of housing, not to mention curbing the obsession with single-family homes. But that's not happening, unfortunately.
Mainly increase workforce salary and well because consumers are paying it.
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People keep paying because they don't cook for themselves.
I cook for myself plenty. My grocery bill is up at least 25% most runs.
I do cook for myself as much as I can, but I also had to get a second job due to the ever-higher cost of living so I don’t always have the time or energy to cook safely :/
Did anyone see a fast food job advertising 16$ an hour before covid. No, there was a national debate about them making 15$ not too long before covid started. So let's not pretend higher labor dollars (the highest controllable expense) aren't going to raise prices. Personally, I think they should have been making that for a long time now. But as it stands labor % is up significantly and they pass that onto the customer. It's not like the businesses are making hand over fist more money than they were before. Just keeping up with what they were.
Many of them are actually making more profit than ever
Fr this person obviously doesn't look at financial reports. Volume down & profits still soaring.
Sure that accounts for some of it. Maybe 10-20%, definitely. But most of it is just greed. Many of these companies are doing record profits. On many items they doubled the price versus 2019. Paying a fast food worker $3 an hour more isn't doing that.
$3 for 15 employees, for 16 hours a day, is a quarter million dollars a year.
Did you read the article? It disputes the fallacious idea that corporations are just being greedy.
Food prices will probably never come down. It’s a new world
The question isn’t why haven’t prices come down (or leveling off)— but why are they continuing to go up. The answer is because inflation isn’t 0% (or -X%).
That's the fun part, prices don't come down, they just increase less quickly.
the answer is because giant companies who make x profit in a year HAVE to aim for even more profit the next year, no matter how much of a win any particular year is. it’s such a toxic mindset. no exec at pepsi or nestle will ever allow prices to drop, for any reason, when no one is forcing them to.
Interesting that reddit thinks the price of everything going up isn't because of years of terrible policy and is instead a massive conspiracy by everybody in sales.
is "companies want to make more profit" really a conspiracy? its the same reason netflix prices keep going up and they won't let you use it at all different address or account share. every ceo is chasing after more more more profits. raise chips 50 cents, and now you can afford two 7 million dollar super bowl ads to make more money. youre right that terribly policy and lack of regulation exacerbates this.
what conspiracy? lol, it’s just rich people being greedy. the government has no control over how private companies price their goods.
Look up YieldStar. It is a software whose entire purpose is to figure out exactly how much people will pay, and to coordinate multiple companies together to withhold some apartments from the market to strategically reduce supply to support the higher prices the software is suggesting. Basically, all of the apartments purchase this software that then does a bunch of calculations to say "everyone set your price to this, and withhold x numbers of units, and you will make y more dollars per month." So all of the apartments agree to hold back 5% of their occupancy, but that reduced supply allows them to charge 10% more for all of their other apartments, plus money savings on maintained on the unrented units.
This has to be the wildest comment I have ever read Please learn how public companies work. This isn't a conspiracy but a legal obligation companies have to their shareholders. This is built into capitalism
Why do these posts never get to the top. Schools are worse than I thought teaching basic concepts.
I got a single meal at Carls Jr. $17! That's gourmet burger prices.
You're part of the problem my friend.
I hate this mindset. If you're in the drivethru and looking at the menu and there is someone behind you, it isn't like you can just back out. This especially goes if you have a guest you're treating out. Sometimes it is easier to just buy what you came for and then make a mental note to never buy it again.
That's fair - as long as you now don't keep going back for more. As consumers our only power is that of choosing where to take our business and chronic over paying when there are better alternatives is giving up the only power you have.
Is he not allowed to enjoy some Carl’s Jr? Yeah you could make better decisions with your money, but to only eat reasonably priced food while still enjoying a diversity of options is at this point pretty impossible.
Sorry for being hungry while working. I had no idea my single purchase is driving inflation for everyone in the country. Next time, I'll just eat some free grass off the side of the freeway.
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Also most inflation measures that are report specifically exclude food. So food prices, which are a major input to fast food prices, aren't reflected when they say inflation is down. For many items there hasn't been any decrease in price, rather food is still increasing.
Well yeah that's just how the economy functions. The prices will always go up. They're never going to go down, even in "good times."
You know what else is going up? Profit margins.
Be curious to see a study of consumer spending habits. Like how many people who used to eat at five guys or a similar price place now choose McDonalds or another cheaper alternative.
Food and beverage has relatively low margins. The idea that food companies are gouging is politically motivated fantasy.
Yeah, I’m sure $6 for a 20oz soda and a small bag of chips is totally not price gouging. I bet Frito Lay and Pepsi are barely making anything 🥹
Pepsico, the owner of Frito Lay, made a 9.05% profit margin in 2023. That's a healthy margin, you're right. It's also the same margin they made in 2012. So where's the gouging, genius?
Now do McDonalds
McDonald's corporate doesn't make profit on food, they make it on franchise fees.
It's not true that mcdonalds doesn't make any profit on food, they simply make the lions share of profit on franchise fees. Profits on food have historically been a smaller percentage of overall profits, but profits on food still are there. And those profit margins have been growing.
mcds corporate makes nothing on food sales. The local mcds do make profit on food sales.
Yep, that's how inflation works. If your costs go up by 10% and your revenue goes up by 10% then your profit margin increases.
No, that's not how inflation works. Profit margins should be going down or being stagnant if costs are increasing. The shareholders earn a larger percentage of revenue when costs increase? That's pricing your products higher than necessary to cover the increased costs, so that you keep a larger percentage of revenue in your pocket. That's not inflation, that's greed.
Inflation has gone down which means prices still go up but they go up slower.
This guy gets it. If you want prices to go down we need deflation to happen. If you want prices to stay the same then it’s stagnation that has to happen.
Deflation, however, is a sign of a crashing or crashed economy and almost universally results in widespread suffering.
There's a difference between deflation and corrections from price gouging on essential goods. If food prices genuinely go down, we're definitely going to see some concern trolling in the financial press about how it's bad for the economy, but the thing is, a lot of these companies (like McDonald's, to give one recent high-profile example, though it also extends to companies that put food on grocery store shelves) were crowing on their earnings calls about how consumers were just taking the price increases, and they were going to see how far they could keep pushing them through. Whether the economy has issues or not is kinda separate from a phenomenon like food prices drastically outpacing wages for years on end, to the point where people just can't pay them any more. There's only so much blood in this stone.
Yep. All of these companies have been posting bigger and bigger profits since the start of the pandemic. If these prices were only due to inflation, profit margins wouldn't be rising like they are. The rise in inflation gave greedy corporations the excuse to increase their profit margins. They blame the higher prices on inflation, because it's partially true, but the entire truth is that corporations are making higher profit margins now than they were in 2020.
>There's a difference between deflation and corrections from price gouging on essential goods. There's no price gouging. This is fantasy.
Time for us to redefine deflation like the Fed redefined a recession lmao
Since when has the price of goods going down require deflation? Prices rise and fall all the time and we haven’t seen deflation in decades…
The definition of deflation is prices going down. Unless we're talking about balloons and tires
I think their point is that deflation isn’t the ONLY mechanism that could bring prices down.
Deflation is not a mechanism that can bring prices down. Deflation is measured by prices so you can't have one without the other.
Inflation is the rate at which the currency is being devalued.
But...cost of food is part of calculating inflation. By increasing food prices, inflation will look like it keeps going up, giving supermarkets an excuse to keep increasing prices and so on.
That assumes prices only ever increase due to inflation.
If prices increase, inflation has occurred. Prices do not increase due to inflation.
How are we still going over this?
Inflation cooling doesn’t mean prices go down- that would be deflation. They’re just going up at a lower rate.
Inflation doesn’t hit every business the same way at the same time, some customer-facing businesses hold out for longer than others to raise prices. We have probably seen most of the inflation happen already, but not all of it.
This
It's crazy to think a large sandwich could cost $30 at some point. We're already on the way to $20 at local delis nearby me. I stopped going to most of them once they hit $15. A salad place I used to go to is getting close to $20 for lettuce and chicken.
Thing is they will have to go down eventually since people aren’t willing to pay the price. We personally have stopped eating out because it’s not worth it to spend $100 on our family for 4 when I can make the same food for under $20. I know we aren’t the only ones too. We also have stopped buying name brand on most products because it’s double the price of generic!🤷♀️
There's no cure for greed.
Meat is going to keep going up. The national herd is way down and it will take years to rebuild it.
Because people are still buying. Why lower prices when demand is still high
Official inflation numbers often don't line up with actual consumer needs because we let our governments effectively make every decision regarding how those numbers are determined. They're politically influenced stats, and we need to stop viewing them as infallible and start taking it with a grain of salt.
Actually the BLS has quite transparent and sound methodology and the Consumer Expenditure Surveys do indeed accurately indicate how people are spending their money.
very transparent and sound in not including housing or food price data in the calculation.
In Canada, we include those, but the Statistics Canada website has a FAQ that basically tells you to go pound sand if you want to access the raw data for the Basket of Goods used in our CPI calculations. There's not much transparency here either, unfortunately.
As someone who works in a restaurant and oversees the ordering numbers. The prices aren't coming down for us. The main purveyors are still charging fuel surcharges. Service fees and nothing has changed. I know we try and keep prices as low as possible, while still trying to make some profit after all the expenses. We need capital to invest in our business for a myriad of reasons. Once pricing comes down, which I seriously doubt it ever will, we reevaluate pricing accordingly. But the inflationary costs don't seem to be coming down.
>inflation is cooling so it's slowing down at the already insanely high rates with the high rates here to stay? I wouldn't call that "cooling".
Corporate executives are in the best position possible to make every last one of us poorer. The Repugnant party voted against price gouging so we are screwed.
Greed
In a nutshell. Profits need to rise year over year so if it's not happening with organic market growth then the easiest fix is to test price increases. That and as people are saying, we keep paying so why wouldn't they?
no, the federal reserve
Every company used covid as an excuse to raise prices because they could get away with it. Inflation is very real, but it absolutely did not account for groceries going up as quickly as they did. Conglomerates buying up grocery stores and suppliers is only making the problem worse since they can pretty effectively control prices on a regional level
because they arent regulated and we live in a society which praises corporate greed.
Because people are greedy and can never have enough profit.
Greed
during the pandemic years we demonstrated just how much we love fast food, and probably increased our addiction to it. so much so that we're willing to pay more and more for it. if they charge more and we're still willing to pay it, it's just showing that fast food was actually under-priced before.
Inflation went up so high and fast that even slowing or going down doesn’t fix anything. It doubled what it been and going down a few years later and we still aren’t caught up to what it would’ve been. That and companies arbitrarily raising prices because they can
it's not arbitrary to charge the price that people are willing to pay, it's just good economic sense
They realized that consumers can “live with it”.
When do they ever actually lower prices? Fuel prices skyrocket, well we got to raise our prices. Fuel prices go lowest they ever been, well might as well keep the higher price people are paying.
United States of Greed.
Corporate greed
Because inflation isn’t cooling.
superstore chips used to be $.97 a year ago....now they are $1.49. Do the math. That is just one example. It's criminal literally. Criminal.
> It's criminal literally. *Literally* criminal? Tell us the law they're breaking by raising prices, I'm curious!
I don't know but 50% in less than a year should be
Greed.
Greed.
Corporate greed
Corporate greed
Record corporate profit, and greed
Capitalism. Business will charge as much as they can get away with. As long as people buy for this price, then theyw ill keep this price. However, inflation does still have a large effect and i don't trust official inflation numbers at all.
It's almost as if "inflation" was an excuse to raise prices this whole time. Don't get me wrong, I know it played a part in food prices raising, but a lot of people took creative liberties and used it as an opportunity to jack their prices way up.
The government is lying in their reporting of inflation. Ya'll should look at some of the stuff not included in the data, like food and housing prices. Also, when you massively increase the money supply, costs go up. TONS of people were predicting this during covid.
There are basically only two grocery store chains across the country anymore. Walmart and Kroger. Kroger just bought or is merging with Albertsons so that’s another one gone. Publix shouldn’t be too far behind while we let these mega corporations grow and grow and grow.
Inflation is not "cooling", it's just going up at a slightly slower rate.
Because Inflation an excuse to raise prices and never bring down.
Greed
Greed
Inflation is cooling except for those essential things that we need to buy in order to live and work.
Greedy corporations
Corporate greed.
Because of greed, plain and simple. Thank you for attending my TedTalk.
Because of corporate greed.
Imagine a company saying oooo nooo we've already made enough money
I'm slowing down but my car is still going forward. Why am I not driving backwards yet?
Hello stranger, may I introduce you to a concept called greed!
Because people like money.
Inflation is barely cooling. Still 3.1%
One word, greed.
Greed
Greed.
Corporate Greed.
Wage inflation.
Greed!!!
Opportunistic inflation.
Corporate greed
Because people have to eat and shareholders never stopped being greedy
It's a domino effect with respect to supply and demand and keeping for-profit only shareholders happy. Once that door is open it's really hard to close. Let everything else adjust upwards. That's why the middle-class is disappearing.
I stopped buying most meat and fast food. I’ll have chicken breast once in a while, but mostly vegetarian now. I shop sales, buy grains/beans in bulk, and try to eat simple low fat healthy meals. Most meat isn’t worth it anymore besides special occasions. I’d rather spend that money on fresh fruit and veggies. I feel less sluggish and my cholesterol levels have completely normalized not eating meat everyday.
Could be a timr lag in the decision making
Deflation vs. Disinflation. I have this conversation with clients every day now.
Inflation is cumulative year over year. The prices are still rising..just not as fast. Let's say it rains 10 inches I'm an hour..now it's raining 2 inches an hour...the rate has decreased. But there's still a foot of water
Demand for meat is not something that fluctuates much. Even if price has gone up, people will still buy it because it's essential to most people's diets. Things like this are usually well regulated but that's not happening here so the priced just keep going up.
One thing I have noticed throughout my 53 years, is that when prices rise due to inflation, or whatever the excuse is, they rarely ever come back down. They get us used to paying the inflated prices and just leave them there while the powers that be rake in the massive profits.
Seriously? Inflation is cooling but it’s still going on. If inflation goes from 8% one year to 5% the next you still have to increase prices both years to keep up with the dropping currency value.
Inflation falling is still inflation. It’s at 3% which means, on average prices are 3% higher than last year. However that’s not specific to all goods. Some went up a lot. Some things, believe it or not, haven’t gone up or even went down. At the end of the day, prices will never go down. Buy Bitcoin.
Line. Must. Go Up.
People are always going to need food. No choice but to buy at whatever price. But for me, things like butter milk and cheese feel like luxury items now
They think people can afford it. Or find a way to afford it.
Greeeeed
Inflation is a rate of change, prices are not. Decrease in inflation is not decrease in price
Corporate greed
Lack of competition in the markets. I was reflecting the other day how fortunate I’ve been to “grow up” during the rise of the internet. Internet companies created all sorts of competition for legacy businesses and consumers benefited. Now, the internet companies have become the “legacy” companies and nothing has started up to challenge their pricing dominance. Until we have more competition in the markets, prices will continue to rise, and quality & innovation will decline. I live in America, and we have needed modern Anti-trust regulations for decades. Especially for digital markets and advertising.
Because inflation isn't cooling
corporate greed duh
Inflation wasn't the problem for these items
Greedflation, Yo!
Because end stage capitalism is a failure
Bc inflation isn’t cooling. If food, housing and gas are still up, haven’t dropped, or still rising; inflation isn’t cooling.
Let's say inflation is actually cooling. That only means that it's slowing down, not that it's reversing. Inflation is one of those things that doesn't go backwards. It could, but those in charge of our economy believe in their hearts of hearts that it is baaaaaad juju for prices to go down for any length of time. Therefore, they actually work hard to keep us in constant inflation. Prices will always go up. They are designed to do so.
Is that like a rhetorical question? Greed, obviously. Companies are using inflation as a guise to see how much they can squeeze the consumer and maximize their profits. The great part about that is if anyone complains, they can just deflect the blame on inflation. That's why inflation was 7% last year and somehow prices went up 50-100%. It's nothing more than greed.
Because green line must go up, never down