In most cases, "Corporate Greed" only works if consumers have the cash to play along

[Nevilledog]

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Scott Lincicome
@scottlincicome
In most cases, "Corporate Greed" only works if consumers have the cash to play along: "Grocery prices keep rising but CEOs say shoppers are still buying" https://cnbc.com/2022/02/24/grocery-prices-keep-rising-but-ceos-say-shoppers-are-still-buying.html…
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1:58 PM · Feb 24, 2022

https://www.cnbc.com/2022/02/24/grocery-prices-keep-rising-but-ceos-say-shoppers-are-still-buying.html

Food and drink prices are rising, but CEOs from PepsiCo’s Ramon Laguarta to Tyson Foods’ Donnie King say consumers aren’t balking yet at paying more for their Lay’s chips and chicken nuggets.

Inflation has led many food and beverage companies to raise prices by shrinking package sizes, cutting promotions or outright price increases at the grocery store. But companies have to strike a delicate balance, raising prices enough to offset higher costs without making products too expensive for consumers, who could always trade down to cheaper alternatives like private-label brands.

“We’re feeling good about how our consumers are staying loyal to our brands in spite of some of our pricing decisions,” Laguarta said on Pepsi’s earnings call in early February.

In January, the producer price index for final demand rose 1%, according to the Bureau of Labor Statistics. The metric tracks rising costs paid by domestic producers for commodities. For food, prices ticked up 1.6% compared with December and 12.3% compared with 12 months ago.

*snip*


Evil, evil shit.

[chocolatpi]

1. I am on a fixed income, this hurts my balance sheet.

[BlueTsunami2018]

2. Food is sort of a necessary thing.

People will cut other, less vital, necessities out in order to eat. And forget about having any disposable income for actual fun stuff.

“Let’s all just refuse to eat until they lower prices” isn’t something likely to happen.

[OhZone]

4. True -

but then you can shift to Aldi an Lidl instead of the Big Grocery stores.

You can eat more humble foods and shop sales harder.

You can start raiding your backup canned goods more.

You can make doubly sure you eat all your leftovers instead of letting them go bad.

Also - I'm the kind of woman who loves lobster but also loves a good BP&J.

[OhZone]

3. I make Oh-k money and my girlfriend makes really good money BUT

we're both cutting corners and spending less even though we don't have to.

[I_UndergroundPanther]

5. Another reason why I hate capitalism