General Discussion

jaxexpat

(7,794 posts)

63. Inflation is price gouging, excused and unchecked.

Sun Jan 15, 2023, 01:41 PM

Jan 2023

The only solutions " economists " have is to try and spread the gouge out among the powerless consumers.
Some people think the root cause is a scarcity or something. It's simply the price adjustment made by corporations who know they'll have no resistance to maintaining and increasing their prices.

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They are not telling the story of food price inflation [View all] edhopper Jan 2023 OP

It's price gouging and the media is ignoring it. yardwork Jan 2023 #1

That is what I am thinking edhopper Jan 2023 #2

Exactly DENVERPOPS Jan 2023 #80

This Ferrets are Cool Jan 2023 #13

Egg prices are up DownriverDem Jan 2023 #22

Avian flu, and a real reason for the egg prices going up. a kennedy Jan 2023 #30

Millions of chickens.... SergeStorms Jan 2023 #65

Right, and thanks. a kennedy Jan 2023 #68

Gotta Traildogbob Jan 2023 #66

... Ferrets are Cool Jan 2023 #72

I don't think this is all due to avian flu. yardwork Jan 2023 #83

A highly virulent strain of avian flu is the primary reason summer_in_TX Jan 2023 #99

Absolutely grocery stores as well as other retailers raised prices just because they could iluvtennis Jan 2023 #21

Yah and the rabid right store owners blame it on Biden while they laugh Tadpole Raisin Jan 2023 #46

Well said @Tadpole Raisin. n/t iluvtennis Jan 2023 #59

Amen True Blue American Jan 2023 #33

The media ignores it because that is one of their prime advertising patrons. Ford_Prefect Jan 2023 #37

Yep. yardwork Jan 2023 #82

THIS !!!! ☝🏾☝🏾☝🏾 uponit7771 Jan 2023 #88

I love Kellog's Raisin Bran True Dough Jan 2023 #3

I noticed my $3 Trader Joes cerial edhopper Jan 2023 #4

Store brands are often made at the same factory Glaisne Jan 2023 #42

Family sized Kellogg's Raisin Bran at DG is $3.20 a box Kaleva Jan 2023 #7

Good to know. True Dough Jan 2023 #12

"Family sized"...now turn the box sideways and find it's only 1.5 inches thick! NullTuples Jan 2023 #31

It's actually a little over 2 1/4 inches thick Kaleva Jan 2023 #87

I haven't seen a 3-inch thick box of cereal in years...different market/region perhaps? NullTuples Jan 2023 #90

I refuse to pay the high prices True Blue American Jan 2023 #36

That's true of many products for me True Dough Jan 2023 #70

always real quick to raise prices to cover "costs" but real slow dropping prices back. bullimiami Jan 2023 #5

I can't see how these prices edhopper Jan 2023 #6

10-4 Confirming evidence bucolic_frolic Jan 2023 #8

I don't give them that much credit when it could be simple greed, not foresight. NullTuples Jan 2023 #35

To be clear, people with money kept purchasing the items. Hope22 Jan 2023 #49

Yet corporate profits still grew, so the tactic was deemed successful. NullTuples Jan 2023 #57

We're not rich Genki Hikari Jan 2023 #61

During Covid we ramped up the garden Hope22 Jan 2023 #89

I'm retired, under the 100% federal poverty level, and I'm doing ok. elocs Jan 2023 #107

We have been buying True Blue American Jan 2023 #40

For years the food companies have been reducing the size of containers or net weight mnhtnbb Jan 2023 #9

Coffee,1 lb. True Blue American Jan 2023 #41

I always look at the reduced price section at the local store Kaleva Jan 2023 #10

Wages are rising, and they need to rise jmbar2 Jan 2023 #11

It isn't about wages Bettie Jan 2023 #14

+1. The grocery industry is gouging Americans big time dalton99a Jan 2023 #16

Though, I will add that the price of eggs Bettie Jan 2023 #23

Agreed. However, the systematic across-the-board price changes are clearly not 8% or even 10% dalton99a Jan 2023 #26

While there has been consolidation, I don't agree that there isn't competition. toesonthenose Jan 2023 #24

The consolidation is at the wholesale level IbogaProject Jan 2023 #74

Two cereal producers? I can name four: Kellogg's, Post, General Mills, Quaker onenote Jan 2023 #108

An Oligolopoly is where 2-5 control an industry IbogaProject Jan 2023 #119

give 'em some competition! NJCher Jan 2023 #27

My son and DIL True Blue American Jan 2023 #44

I don't have a lot out there right now MissB Jan 2023 #92

You are correct. toesonthenose Jan 2023 #19

it's complex NJCher Jan 2023 #29

In my opinion, it is a lot. toesonthenose Jan 2023 #78

This message was self-deleted by its author Chin music Jan 2023 #39

So define for me what "realistic" profits are. toesonthenose Jan 2023 #73

This message was self-deleted by its author Chin music Jan 2023 #77

How does a 5% or 6% raise in wages edhopper Jan 2023 #48

Good question - made me do some digging... jmbar2 Jan 2023 #64

And outside of Sanders and Warren edhopper Jan 2023 #67

Robert Reich has been posting on twitter a lot about it. jmbar2 Jan 2023 #75

I love Reich edhopper Jan 2023 #81

And, not at all coincidentally, many companies are reporting record profits. yardwork Jan 2023 #84

What about double digit increases in ingredients ? MichMan Jan 2023 #98

Tomato prices are up in part because of drought last summer. GumboYaYa Jan 2023 #122

Grocery stores have been routinely raising prices on everything by at least 15-20% dalton99a Jan 2023 #15

Chicken came down, which surprised me Sympthsical Jan 2023 #17

re coffee NJCher Jan 2023 #32

It's more of a flavor choice Sympthsical Jan 2023 #45

I usually buy my coffee at liquidator stores, like intheflow Jan 2023 #58

Two words tiredtoo Jan 2023 #18

Post #14 has the answer. Lack of competition FoxNewsSucks Jan 2023 #20

I know my weekly order price has gone way up Warpy Jan 2023 #25

From the farm side Tumbulu Jan 2023 #28

I'm curious where you are.... Happy Hoosier Jan 2023 #34

New York edhopper Jan 2023 #50

My trip to the grocery store last week was a shock. Paper Roses Jan 2023 #38

I sure hear about it on local news Rebl2 Jan 2023 #43

In Chicago, strawberries $2.99 a lb at Aldi LuvLoogie Jan 2023 #47

Eggs have gone from $2.55 or so a dozen Genki Hikari Jan 2023 #51

Mr.Barnes and I eating less and cheaper, though we can afford meat and such, don't care joanbarnes Jan 2023 #52

You're exactly right - the "sale" price is really a markup from the week before FakeNoose Jan 2023 #53

And it's not like we can stop edhopper Jan 2023 #54

Kroger merging with Albertsons to form yet another mega monopoly is not good news. Hope22 Jan 2023 #55

I have a 4 page flyer from 1966.... sinkingfeeling Jan 2023 #56

Prices are generally 10 times as high from 1966. roamer65 Jan 2023 #96

Eggs are truly awful! Yet still a cheaper protein yellowdogintexas Jan 2023 #60

Dairy prices are high because the war in Ukraine raised feed prices. femmedem Jan 2023 #62

Inflation is price gouging, excused and unchecked. jaxexpat Jan 2023 #63

Folks - It's Capitalism in it's purest form packman Jan 2023 #69

Predatory Capitalism is alive and well. Emile Jan 2023 #71

"Inflation" is just a more MSM friendly euphemism Mr. Evil Jan 2023 #76

"shrinkflation" moondust Jan 2023 #79

I still have pantry items I bought because of Covid Marthe48 Jan 2023 #85

its not your imagination Takket Jan 2023 #86

+1. It is a real and serious problem for many dalton99a Jan 2023 #93

This message was self-deleted by its author Chin music Jan 2023 #97

The most expensive food that I buy MissB Jan 2023 #91

do you save the ends of your green onions and regrow them? GumboYaYa Jan 2023 #125

Food - especially FRESH during WINTER means IMPORT TigressDem Jan 2023 #94

And all that does not account for edhopper Jan 2023 #95

Where are you getting 100% price comparisson? From when to when? TigressDem Jan 2023 #100

It became worth my time to create my own "codex". Arthur_Frain Jan 2023 #101

Agree Meowmee Jan 2023 #102

My exact experience also. Eggs are double and even triple but twodogsbarking Jan 2023 #103

The irony is food waste Envirogal Jan 2023 #104

Simple (except eggs)" rampant price gouging. machoneman Jan 2023 #105

So many retailers are just making fun of us now. In one local mid-priced restaurant, the menu Scrivener7 Jan 2023 #106

The CPI measures inflation based on average spending. Progressive dog Jan 2023 #109

It says the 12 month inflation for Food edhopper Jan 2023 #112

That assumes you buy the same products Progressive dog Jan 2023 #117

I wonder if they weight it edhopper Jan 2023 #118

the 12% is the average price Progressive dog Jan 2023 #120

I don't get the disconnect edhopper Jan 2023 #121

12% is a significant increase. Progressive dog Jan 2023 #124

I'd say mine edhopper Jan 2023 #126

If, due to greed, they raise prices just because they can, why just now? MichMan Jan 2023 #110

Because after years of low inflation edhopper Jan 2023 #113

So if they raised the price of butter and milk a few years ago, people would have stopped buying ? MichMan Jan 2023 #115

People would buy edhopper Jan 2023 #116

So the people in charge of top secret documents also calculate twodogsbarking Jan 2023 #111

The wild conspiracy theories make this website appear foolish. Just A Box Of Rain Jan 2023 #123

I'm probably late, but I just learned that the cost of eggs is inflated due to avian flu ecstatic Jan 2023 #114