Grocery prices fell in April

But that chart captures the issue - similar to the other thread i started. The truth is for a lot of people COVID was pretty comfortable - inflated home and stock prices, near zero interest rates, working from home, the system awash with all kinds of money. Then the adjustment to reality sets in during the Biden years.

 

Like the day after a party, it’s all fun at 2 am. But when 0900 rolls around the fun has worn off.

 

But you do know what she has a history of !!!!

 

Walmart and Target are slashing prices. What does that mean for inflation?



https://www.cnn.com/2024/05/23/investing/premarket-stocks-trading-target-walmart-inflation/index.html

 

From the article. Corporations exploiting their market power has been one of the major causes of inflation.

Since the pandemic, the major chains have been operating at the highest profit margins on groceries in two decades, according to a study by the White House Council of Economic Advisers. An array of federal regulators, Democratic lawmakers and think tanks contend that large retailers have kept prices artificially high, allegedly through coercive tactics like price fixing and price gouging, and industry consolidation.

 

From that story:

And from a White House report:

FTC calls out profits as a driver of grocery prices

 

Just ran across a short article on what most people call shrinkflation. Companies call it 'price point architecture.'
Note that Utz has increased profits by putting fewer chips in the bag.

Price Pack Architecture.

 

New package design I suspect will look like this...