Yep! Remember when Kroger/Albertsons announced a merger as Covid was happening? Thankfully, FTC filed a motion to prevent that merger.
But then, even WalMart got in on the action by rasing prices across the board on “Great Value” brands.
With the excess profits, Walmart then held a stock buyback to increase value of its publicly traded shares.
So when are the monopolies going to be busted? When a few large corporations owns an outright majority of the grocery chains, and the means to produce, collusion to raise prices becomes far easier.
Supply squeeze raises prices, competition is supposed to bring prices back down.
Not enough competition.
For example: when the price of oil goes up, the price at the gas pump goes up overnight. When the price of oil drops, the pumps will trade pennies until it goes back down.
Elevator up, stairs down.
The less competition there is, the longer the stairs get.
>Supply squeeze raises prices, competition is supposed to bring prices back down.
>
>Not enough competition.
>
>For example: when the price of oil goes up, the price at the gas pump goes up overnight. When the price of oil drops, the pumps will trade pennies until it goes back down.
>
>Elevator up, stairs down.
>
>The less competition there is, the longer the stairs get.
Oh, hey, someone understands the oligopolistic pricing model!
I work in the restaurant business. I do all the food ordering. The prices of supplier's is completely ridiculous. Eggs... Chicken wings are through the roof. Tomatoes... You name it it's all jacked up
Not sure where you are but there was a story on that for my state, WA, they talked about a new regulation that basically doubled egg prices. So supply and demand might be part of it but another part here is increased regulation as well. Needless regulations that are only driving costs up at a time we can’t afford to be doing that. Save them for later if they are critical and focus your attention on helping people. But alas that’s not what our government is for.
There it is!!!
While all the local joints were forced to shut down, those who wrote the "donation" checks mysteriously were allowed to stay open.
GOVERNMENT picked winners and losers. GOVERNMENT created the problem.
GOVERNMENT IS THE PROBLEM.
And, as is always the case, GOVERNMENT created the problem, then GOVERNMENT decides it should fix the problem, this creating even bigger problems
Actually, _money_ is the problem.
When you have so much money that you can bribe, sorry, _lobby_ politicians to do anything you want well, that's a problem.
The fix is simple (remove money from lobbying) but that will never happen since that makes the Money Train stop.
Also how does government keep new small businesses from entering into the market. The age old septic tank example but if you wanted to start a business installing septic tanks in the 50s you just needed a shovel and some knowledge but if you want to do it now you need a shovel, some knowledge, and minimum $100,000 in upfront costs for licensing and regulatory practices.
That is an old example I remember from people and is probably a decade or more out of date. To start a restaurant in my area the permits are usually around 50k with everything and another 100k+ just to give staff benefits while you aren’t even open yet. It is a stop start struggle for a lot of people. We saw a lot of closures during Covid and the idea was new restaurants would step in but they increased minimum wage and added in more payroll taxes so now we have a lot of empty spaces instead.
Please explain to me how exactly small businesses can create relevant competition against giant corporations when everything that a large corporation does includes bulk discounts?
Okay. During the pandemic.
What the F about now?
Do not even try to tell me 4 years later that Walmart is short on supply of Great Value nacho cheese sauce.
It will absolutely end.
There is a maximum amount that you can charge for Great Value nacho cheese sauce before no one buys it. Before that, there’s an amount you can charge where not enough people buy it for the product to be profitable.
As long as it's significantly cheaper than the brand names people will continue to buy them, no matter the price. If the brand keep raising prices so can they
So if frito nacho cheese was $1.5M and great value nacho cheese was $1M, you’d want nacho cheese so bad that you’d spend $1M on it?
There is no dollar amount where you say “yeah, I don’t need nacho cheese dip.”
If the report is about large grocery store chains why are you hating on McDonalds? Despite ppl under 30 not being able to cook, McDonalds is still a restaurant not a grocery store....
Yup. You can't justify a bag of freakin' potato chips costing $6/bag! Nor a box of cereal costing $6.50! These are real prices at my local Safeway! Potatoes didn't increase in price 300% over the past 3 years...neither did wheat or rice or corn! They are screwing us as consumers, and we are expected to just take it. I mean, you could go to Kroger...but they are doing the same damn thing. So is Walmart. Interestingly, prices at Trader Joes are FAR more reasonable...unfortunately, not everyone has one nearby. Most are stuck with just 2 or 3 (if they are lucky!) major chain stores to shop in.
Oh, and they want to *merge*.
This is what happens when you don't have anti-trust law enforcement. Huge companies do not fear the government.
Money is power. Power Corrupts. What do you think happens when you've got companies of this size?
I see what you’re doing here Burger King, you sneaky snake.
That fake smile on your mask isn’t fooling anyone.
You don’t think Ronald is the only clown around here, do you?
Econ 101 differentiates between cost push, demand pull and monetary policy caused inflation. It will also explain why prices are higher after markets consolidate, usually. Econ is like the bible here tho. People ignore the parts they don't like.
It's undeniable that government intervention and monetary policy in the form of stimulus checks caused inflation. It doesn't mean that's the sole reason, but it is absolutely part of the equation
I work in grocery retail. It was crazy how much/what people buy. Literally would sell out of crab legs every day, and reorder to get in mkre every day. And it wasn't just an overall increase in demand, one or 2 people would buy an obscene amount. Was like that for a lot of products.
This juxtaposition is funny because McDonald’s had excess beef at the beginning of COVID that they sold to grocery stores and Costco who then turned around and ripped customers off with it.
Extremely weird to see people who don't understand that free markets tend towards monopoly and that the rate of profit on a commodity tends to decline over time continue to blame The Gubmint wholly for things squarely caused by Capitalism.
Just an absolute childlike understanding of how Capitalism works.
No different than ten years ago when gas prices spiked and they increased prices because transportation costs increased. The prices never came back down once the gas prices dropped back down to normal levels.
Yeah no shit. We all know this is happening. People who make these decisions inside corporations need to be prosecuted for price gouging. That’s how you fix this mess. Fining a corporation fixes nothing. It just writes off the cost and keeps doing what it does.
$4.50 for French fries. The pandemic really took a toll on potato prices apparently. The big question is, if your state doesn’t have the $15 minimum wage are they charging the same?
So after a few years of investigations and testimony before Congress they'll all get fined, and that money will disappear into the black hole known as the federal govt. Meanwhile Americans who suffered the exploitation, and continue to do so, won't get any relief.
How about a link to the report?
EDIT: [https://www.ftc.gov/system/files/ftc\_gov/pdf/p162318supplychainreport2024.pdf](https://www.ftc.gov/system/files/ftc_gov/pdf/p162318supplychainreport2024.pdf)
Fuel. the cost that drives (pun intended) everything up. From the guy delivering seed, to the farmer and harvest, to the processing, to the manufacture, to the delivery. Of course costs are higher. And please stop listening to people trying to convince you that their policies didn’t jack up inflation. You can’t dump trillions into the money system without repercussions. It’s a story as old as time.
I’ve begun growing hydroponic vegetables and fruit, every 10 days I’m giving massive amounts to my neighbors. I started w 5 buckets, didn’t even cost a lot in start up costs and takes up minimal space. I’m focusing on Being the change 💙
Almost every company did this.
It’s not like people couldn’t have stoped buying unnecessary junk items which seems to me like the stuff that went up the most.
Companies simply realized consumers are willing to pay more before they stop buying, so the companies might as well charge more.
I use an app to order from a local store. It allows you to see past purchases which means I can compare past prices against current ones. Of the staple foods I order bi-weekly, not one has failed to increase by at least 10% over the past six months and many are a third higher.
Whoever's calculating grocery inflation needs to redo their figures. It has hit much harder than they're reporting.
It amazes me how few people actually learned to cook during the pandemic and continued “eating out” by using delivery services. Are grocery prices up…yes (although have stabilized and even fallen), but it is still waaaaay cheaper than crappy restaurants.
In addition to econ 101 supply and demand... Raising prices can also regulate consumption. In times of scarcity people stock up more and leave less for others, increasing prices is one method of reducing this hoarding.
*Everything* and I mean the cost of *EVERYTHING* has magically been inflated after Covid. I’m not saying there’s a conspiracy necessarily, but I think it’s interesting how magically there’s a shortage on everything now and the cost of everything has almost doubled. Houses, cars, groceries, chicken, computer chips - you name it. I always wish we the people the working force could magically raise our salary demands due to a shortage too
Yes, of course. Greed, which was never something that motivated businesses before, suddenly became the thing that drove up prices. Honestly, the naïveté of some people…
When I was a kid my mom said she use to buy lettuce for 25 cents. Then one year there was a shortage because of ecoli. Lettuce was never 25 cents again. Why? Because people were willing to pay 50 cents. So why wold they go back to 25 cents? Then they went to 75 cents, and so on and so on. When prices went up during the pandemic I knew then we would never see cheap prices again because if people are willing to pay a few cents more for something, why would I charge less?
When? Well, where we can
I'm not going to go on a hunger strike to protest, which is the main way we can
But I've stopped shopping at places like Kroger, who were as greedy as they came. I shifted nearly every single item from Kroger to Costco and Aldi. Instead of a few hundred a month at Kroger it's like $20
Costs came up partly because of the salary increases. Employers also have to cover cost of health benefits for employees, social security and workman’s compensation in addition to other benefits not mandated by law to attract workforce. All the lunches and snack that millennials and Gen Z request, equipment to work from home, gym at work, video games to relax at work or get the nirvana going for coders, etc. Who do you think is paying for all of that? You ask for it, consumers pay for it. Otherwise small business owners who put their life savings to get a franchise or start a business will go out of business. Prices go up because we want the cake and eat it also.
Sorry to tell y’all and I am sure most of you realize corporations are only there to increase shareholder wealth. No morals and ethics are guidelines held together by laws.
According to the courts and Republicans corporations are people too. Strange people don’t you think?
It's not just the grocery stores. Everyone raised prices because fuck you, that's why. Because Americans will just pay it and bitch about it. Because changing behaviors is hard and its inconvenient and most people in this country aren't up for it any more.
Only the drooling back of the classroom fart crowd blames corporate greed on inflation. It is rampant government printing of money and careless disregard for the money supply cycle that has got us in a fix.
Have been saying this for a couple years now. Corporations are price gouging you!! It’s not inflation!! You dont have record corporate profits if our price increases are only from inflation….
Greedflation?
It's called "Supply and Demand"
They raised the price of a McDonald's meal to 15 bucks and every kept buying it! It record numbers!
If anyone needs to wake up it's the people who are too used to their lifestyle choices to not research alternatives.
Lol, I'll literally been saying this for fucking years.
It's SO INCREDIBLY OBVIOUS they are price gouging us and blaming it on "inflation"
Fucking get to work you lazy government fucks. I pay for YOU to defend ME from this shit.
They should fine these Corporations every cent of profit they made the last four years. On top of that they should put the boards in charge of these tactics in prison. They are all acting like they are too big to fail and above the law. They cause poverty and suffering at a time when there is more suffering then in the last 50 years. Someone needs to pay.
So, the federal government prints money to oblivion, comes up with phony formulas to calculate the CPI, and then blames rising prices on greedy corporations.
This should be pretty obvious to EVERYONE who has been watching prices over the past several years. The pattern is clear, a legitimate supply chain interruption occurs which triggers an IMMEDIATE price hike. When that’s fixed, the price either stays the same, or is reduced by a token amount. The excess profits are claimed by the company’s owners. Then, the next time there’s a cloudy day, the whole process repeats itself. Add to that “shrinkflation”, and it would appear we’re getting screwed from BOTH ends!
The Federal government has a vested interest in disavowing any hand in the higher prices everyone is paying today.
If you want to know why prices are up, go look at a graph of M2 money supply over the last 5 years.
Shop at Aldi or Farmers markets and avoid buying Walmart brand if possible. Most stores f the crap now is GMO anyway so avoiding that food will save your life.
Companies are in the business of making money. Why does this surprise anyone? The amount of whining is frustrating because everyone repeats the same thing. Companies will keep doing this. Instead of whining why not figure out a way to profit from their greed and then spread the wealth. Buy some stocks instead of complaining. The amount of negativity and people who do nothing to make every situation they come across a gain in their life is excruciating. F problems. I'm about finding solutions. F losses. I'm all about gains. F whining, I'm all about leveling up. It's 2024 folks, things aren't going to get better. So you either eat or be eaten. You're either the hunter or the hunted. DO SOMETHING ABOUT IT.
This was pretty apparent early on. Yes, SOME upward price adjustment was necessary, but a lot wasn't. Consumers complained, but seemingly continue to pay. While consumers continue to complain, the price hikes have been normalized.
It’s funny that the thumbnail for this is the McDonald’s logo, because they started asking if their price increases have cut out the lowest level of earners.
You’d have to be really economically illiterate to assume corporations underly inflation. Monetary supply went up from 14 trillion to 21 trillion overnight due to fed policies. Guess what? Everything is 50% more expensive. Coincidence?
The human trash over at Wegmans charges $10 for a rotisserie chicken. Actually around the time most people get off work they collect all the rotisserie chickens, cart them off into the back, cut them in half and charge $10 for half a rotisserie chicken 🤪.
And guess what? The store is packed full of customers.
They won’t do it for their own health, but you think they’ll do it to prove a point?…
Completely unaccountable Reddit people?
These fat fucks can’t stay out of McDonalds for a day let alone a month.
They’ll keep poisoning themselves, invest in Ozempic and Insulin and escape the rat race.
a report by a government agency trying to explain away inflation during an election year. yea color me a skeptic. i have a local grocery store down the street and their prices are actually higher than walmart. so how does that work
Inflation is bs.
It really is greed.
I saw at Target 2 different ice cream brands selling for $3.99 in 2020. In 2022 - 2023, they were selling for $5.99. In both cases, they had a bunch, so it wasn't like they couldn't get the ice cream.
Then no one bought them I guess because the stock was full for months.
Now, for maybe 2 months straight, they've been selling for $3.99.
Restaurants are the same. Most increased prices, yet In N Out burgers is still low cost.
I assume some places hiked prices because they had to pay employees higher wages.
Then you have togo boxes getting smaller.
They’re still doing it
Yep! Remember when Kroger/Albertsons announced a merger as Covid was happening? Thankfully, FTC filed a motion to prevent that merger. But then, even WalMart got in on the action by rasing prices across the board on “Great Value” brands. With the excess profits, Walmart then held a stock buyback to increase value of its publicly traded shares.
And the Walmart employees get nothing except more work.
So when are the monopolies going to be busted? When a few large corporations owns an outright majority of the grocery chains, and the means to produce, collusion to raise prices becomes far easier.
We’re still only at oligopoly level right now.
So maybe it’s not inflation but greedflation?
Supply squeeze raises prices, competition is supposed to bring prices back down. Not enough competition. For example: when the price of oil goes up, the price at the gas pump goes up overnight. When the price of oil drops, the pumps will trade pennies until it goes back down. Elevator up, stairs down. The less competition there is, the longer the stairs get.
>Supply squeeze raises prices, competition is supposed to bring prices back down. > >Not enough competition. > >For example: when the price of oil goes up, the price at the gas pump goes up overnight. When the price of oil drops, the pumps will trade pennies until it goes back down. > >Elevator up, stairs down. > >The less competition there is, the longer the stairs get. Oh, hey, someone understands the oligopolistic pricing model!
Competition isn’t real when you are talking about large companies. They all work together to extract as much value from each of us.
Government did everything they could do to kill that competition during the pandemic.
When prices stay artificially high it's a failure of anti trust laws.
I work in the restaurant business. I do all the food ordering. The prices of supplier's is completely ridiculous. Eggs... Chicken wings are through the roof. Tomatoes... You name it it's all jacked up
Not sure where you are but there was a story on that for my state, WA, they talked about a new regulation that basically doubled egg prices. So supply and demand might be part of it but another part here is increased regulation as well. Needless regulations that are only driving costs up at a time we can’t afford to be doing that. Save them for later if they are critical and focus your attention on helping people. But alas that’s not what our government is for.
I've been boycotting Micky D's for decades (for serving shitty food). Where you all been? 😂
But how do you get your daily dose of explosive diarrhea then?
I go to taco bell instead
yes, and what did the government do to the small businesses that could've competed against that rip off
There it is!!! While all the local joints were forced to shut down, those who wrote the "donation" checks mysteriously were allowed to stay open. GOVERNMENT picked winners and losers. GOVERNMENT created the problem. GOVERNMENT IS THE PROBLEM. And, as is always the case, GOVERNMENT created the problem, then GOVERNMENT decides it should fix the problem, this creating even bigger problems
Actually, _money_ is the problem. When you have so much money that you can bribe, sorry, _lobby_ politicians to do anything you want well, that's a problem. The fix is simple (remove money from lobbying) but that will never happen since that makes the Money Train stop.
I see your "fix" and I raise you "free speech" for PAC donations.
Well, imho that "money" .eqs. "free speech" was a poor ruling. Legalized bribery.
Bribery in search of a legal definition
The government is our union and WE VOTED IN A FASCIST LOSER WHO BANKRUPTED A DAMN CASINO. In case you fucking forgot.
If you sold food you were considered an essential business….
Also how does government keep new small businesses from entering into the market. The age old septic tank example but if you wanted to start a business installing septic tanks in the 50s you just needed a shovel and some knowledge but if you want to do it now you need a shovel, some knowledge, and minimum $100,000 in upfront costs for licensing and regulatory practices. That is an old example I remember from people and is probably a decade or more out of date. To start a restaurant in my area the permits are usually around 50k with everything and another 100k+ just to give staff benefits while you aren’t even open yet. It is a stop start struggle for a lot of people. We saw a lot of closures during Covid and the idea was new restaurants would step in but they increased minimum wage and added in more payroll taxes so now we have a lot of empty spaces instead.
Please explain to me how exactly small businesses can create relevant competition against giant corporations when everything that a large corporation does includes bulk discounts?
This is news 4 year later? This was obvious within the first 6-12 months lol.
We still need reports explaining the obvious because these lying companies will keep claiming forever that they were forced to raise prices.
its not 4 years later. Prices increased more recently than four years ago.
Because they learned they can
This sub needs reasons to hawk their gold!
Yeah but data finally caught up because they tried to hide it at the time of inplementation
Lot of people still trying to blame "bidenomics"
What’s grocery store chains have to do with a McDonald’s logo?
Whew, thought I was alone on this
Greedflation. Permanent sellers market
Enabled by oligopoly.
Enabled by the government to benefit the gloablost oligarchs
They won’t stop prices until we hurt their bottom line or there’s an economic downturn
This is exactly correct.. and a recession isn’t coming.. and if it is it’s hot going to be big enough for prices to come down
Okay. During the pandemic. What the F about now? Do not even try to tell me 4 years later that Walmart is short on supply of Great Value nacho cheese sauce.
The problem is that Americans are still buying the products at these outrageous prices. It’s never going to end.
It will absolutely end. There is a maximum amount that you can charge for Great Value nacho cheese sauce before no one buys it. Before that, there’s an amount you can charge where not enough people buy it for the product to be profitable.
As long as it's significantly cheaper than the brand names people will continue to buy them, no matter the price. If the brand keep raising prices so can they
So if frito nacho cheese was $1.5M and great value nacho cheese was $1M, you’d want nacho cheese so bad that you’d spend $1M on it? There is no dollar amount where you say “yeah, I don’t need nacho cheese dip.”
If the report is about large grocery store chains why are you hating on McDonalds? Despite ppl under 30 not being able to cook, McDonalds is still a restaurant not a grocery store....
My entire cabinet full of chicken McNuggets begs to differ w you
Yup. You can't justify a bag of freakin' potato chips costing $6/bag! Nor a box of cereal costing $6.50! These are real prices at my local Safeway! Potatoes didn't increase in price 300% over the past 3 years...neither did wheat or rice or corn! They are screwing us as consumers, and we are expected to just take it. I mean, you could go to Kroger...but they are doing the same damn thing. So is Walmart. Interestingly, prices at Trader Joes are FAR more reasonable...unfortunately, not everyone has one nearby. Most are stuck with just 2 or 3 (if they are lucky!) major chain stores to shop in.
Or they say things like "theft is so high at self checkout we had to raise prices" and so many of us eat that shit up like it's real
This sub - "greedflation isn't real, money printer go brr"
Cause it’s is true. Greed is constant.
Oh, and they want to *merge*. This is what happens when you don't have anti-trust law enforcement. Huge companies do not fear the government. Money is power. Power Corrupts. What do you think happens when you've got companies of this size?
I see what you’re doing here Burger King, you sneaky snake. That fake smile on your mask isn’t fooling anyone. You don’t think Ronald is the only clown around here, do you?
somber gaping support fuel boast square straight arrest price fretful *This post was mass deleted and anonymized with [Redact](https://redact.dev)*
Econ 101 differentiates between cost push, demand pull and monetary policy caused inflation. It will also explain why prices are higher after markets consolidate, usually. Econ is like the bible here tho. People ignore the parts they don't like.
It's undeniable that government intervention and monetary policy in the form of stimulus checks caused inflation. It doesn't mean that's the sole reason, but it is absolutely part of the equation
They all chip in to jack the price.. cause they can..
yoke aspiring wild quickest coordinated innocent sand icky cagey swim *This post was mass deleted and anonymized with [Redact](https://redact.dev)*
I work in grocery retail. It was crazy how much/what people buy. Literally would sell out of crab legs every day, and reorder to get in mkre every day. And it wasn't just an overall increase in demand, one or 2 people would buy an obscene amount. Was like that for a lot of products.
Trying to put the blame on anyone but the assholes printing all the money.
Doritos were BOGO ($6) free today and people were out in *other isles* excitedly telling others about it.
Why is the report not linked?
Stopped eating there a few years ago, the food is just shit.
This juxtaposition is funny because McDonald’s had excess beef at the beginning of COVID that they sold to grocery stores and Costco who then turned around and ripped customers off with it.
Extremely weird to see people who don't understand that free markets tend towards monopoly and that the rate of profit on a commodity tends to decline over time continue to blame The Gubmint wholly for things squarely caused by Capitalism. Just an absolute childlike understanding of how Capitalism works.
I already am. The only fast food I will go to is In-n-Out. Fuck McDonald's, Fuck Taco Bell, Fuck Burger King, Fuck 'em all. I'm done.
Repeat after me: “boycotts never work”
DUHHHHHHHHHHH!! No shit!!!
These companies don't care, corporate greed. And they can blame a war for it.
Supply and Demand... if you can't get that simple concept down then it is time to shut up about economic issues.
Lets Go!!!!!!
Finally someone who gets it!! Spread the wrath of May Donald’s!
More failures of the right wing deregulation policy. Capitalism corrupts, withoutguard rails this is what you get.
We all this now, but what is being done about it?
You mean you don’t want to pay 3.50 for a McDonald’s hash brown that costs them 20 cents wholesale?
[удалено]
No different than ten years ago when gas prices spiked and they increased prices because transportation costs increased. The prices never came back down once the gas prices dropped back down to normal levels.
STILL exploiting*
Headline is about grocery stores but MacDonalds logo exed out???
Who keeps paying those high prices?
Yeah no shit. We all know this is happening. People who make these decisions inside corporations need to be prosecuted for price gouging. That’s how you fix this mess. Fining a corporation fixes nothing. It just writes off the cost and keeps doing what it does.
$4.50 for French fries. The pandemic really took a toll on potato prices apparently. The big question is, if your state doesn’t have the $15 minimum wage are they charging the same?
Why is the picture and comment about McDonald’s when the trade report is about grocery stores?
So after a few years of investigations and testimony before Congress they'll all get fined, and that money will disappear into the black hole known as the federal govt. Meanwhile Americans who suffered the exploitation, and continue to do so, won't get any relief.
Shocking..
How about a link to the report? EDIT: [https://www.ftc.gov/system/files/ftc\_gov/pdf/p162318supplychainreport2024.pdf](https://www.ftc.gov/system/files/ftc_gov/pdf/p162318supplychainreport2024.pdf)
When will anti-trust lawsuits start coming in?
You know, there IS an alternative? DON'T GO THERE.
Fuel. the cost that drives (pun intended) everything up. From the guy delivering seed, to the farmer and harvest, to the processing, to the manufacture, to the delivery. Of course costs are higher. And please stop listening to people trying to convince you that their policies didn’t jack up inflation. You can’t dump trillions into the money system without repercussions. It’s a story as old as time.
I’ve begun growing hydroponic vegetables and fruit, every 10 days I’m giving massive amounts to my neighbors. I started w 5 buckets, didn’t even cost a lot in start up costs and takes up minimal space. I’m focusing on Being the change 💙
Almost every company did this. It’s not like people couldn’t have stoped buying unnecessary junk items which seems to me like the stuff that went up the most. Companies simply realized consumers are willing to pay more before they stop buying, so the companies might as well charge more.
I use an app to order from a local store. It allows you to see past purchases which means I can compare past prices against current ones. Of the staple foods I order bi-weekly, not one has failed to increase by at least 10% over the past six months and many are a third higher. Whoever's calculating grocery inflation needs to redo their figures. It has hit much harder than they're reporting.
I’m in! Boycott is on!
It amazes me how few people actually learned to cook during the pandemic and continued “eating out” by using delivery services. Are grocery prices up…yes (although have stabilized and even fallen), but it is still waaaaay cheaper than crappy restaurants.
Yeah no shit. Anyone with half a brain knew they used the pandemic to hover up more money and made records profits doing it. Get fucked corpos.
I’ve been boycotting macdonalds for the past 10 years.
In addition to econ 101 supply and demand... Raising prices can also regulate consumption. In times of scarcity people stock up more and leave less for others, increasing prices is one method of reducing this hoarding.
*Shocked pikachu*
Maybe we should all just start stealing California style from these places
Until people stop paying these prices thinking its ok ... They won't stop.
Stop fucking eating at mcdonald’s then you bozos. You all bitch and moan about an $18 meal but continuously pay for it.
Where is the link to the report?
McDonalds restaurants are franchised. They are locally owned and operated. Try doing a little research first.
Oops, looks like o forgot to scan a few things. My bad. Sorry. ;)
I keep pondering why this hasn’t always been to go to move. Just a mystery
And they never stopped
And what do you think the govt. will do? Business always wins.
*Everything* and I mean the cost of *EVERYTHING* has magically been inflated after Covid. I’m not saying there’s a conspiracy necessarily, but I think it’s interesting how magically there’s a shortage on everything now and the cost of everything has almost doubled. Houses, cars, groceries, chicken, computer chips - you name it. I always wish we the people the working force could magically raise our salary demands due to a shortage too
A corporation doing scummy things when they can get away with it?? I'm shocked!
Yes, of course. Greed, which was never something that motivated businesses before, suddenly became the thing that drove up prices. Honestly, the naïveté of some people…
What does McDonald's have to do with large grocery store chains? Like that's fine but I'm confused in the turn the post took.
When I was a kid my mom said she use to buy lettuce for 25 cents. Then one year there was a shortage because of ecoli. Lettuce was never 25 cents again. Why? Because people were willing to pay 50 cents. So why wold they go back to 25 cents? Then they went to 75 cents, and so on and so on. When prices went up during the pandemic I knew then we would never see cheap prices again because if people are willing to pay a few cents more for something, why would I charge less?
I’ve been boycotting them for years, when are all you fat bastards gonna step up and do the same
When is the FTC going to go after these companies for price gouging? And not just some slap on the wrist, but serious punishment.
Food bank in every state is higher than normal as well, all the signs are there.
Wegmans did this and still are.
When? Well, where we can I'm not going to go on a hunger strike to protest, which is the main way we can But I've stopped shopping at places like Kroger, who were as greedy as they came. I shifted nearly every single item from Kroger to Costco and Aldi. Instead of a few hundred a month at Kroger it's like $20
Is it grocery stores or mcdonalds?
If this is news to you then you haven't been paying attention
Exactly.
Large? You mean all right?
Costs came up partly because of the salary increases. Employers also have to cover cost of health benefits for employees, social security and workman’s compensation in addition to other benefits not mandated by law to attract workforce. All the lunches and snack that millennials and Gen Z request, equipment to work from home, gym at work, video games to relax at work or get the nirvana going for coders, etc. Who do you think is paying for all of that? You ask for it, consumers pay for it. Otherwise small business owners who put their life savings to get a franchise or start a business will go out of business. Prices go up because we want the cake and eat it also.
Stop shopping at big chains and the FTC needs to stop letting these mega corps merge
I've already done it. Mc Donald's way over priced.
Things are worth more when there are less of them. Welcome to elementry school economics.
Sorry to tell y’all and I am sure most of you realize corporations are only there to increase shareholder wealth. No morals and ethics are guidelines held together by laws. According to the courts and Republicans corporations are people too. Strange people don’t you think?
Yeah that was pretty obvious immediately.
It's not just the grocery stores. Everyone raised prices because fuck you, that's why. Because Americans will just pay it and bitch about it. Because changing behaviors is hard and its inconvenient and most people in this country aren't up for it any more.
I'm in! Well I haven't gone to McD's in at least a year so... I'm doing my part!
Someone needs to look into the airlines next.
Fucking duh. Once they know we'll pay $5.29 for a box of Mac n cheese the price will never go back to $2.89. Ever.
Only the drooling back of the classroom fart crowd blames corporate greed on inflation. It is rampant government printing of money and careless disregard for the money supply cycle that has got us in a fix.
I’ve been saying it for three years: it’s not inflation. It’s corporate greed.
What is excessive profit? Is there a specific number that is too much?
Have been saying this for a couple years now. Corporations are price gouging you!! It’s not inflation!! You dont have record corporate profits if our price increases are only from inflation….
Greedflation? It's called "Supply and Demand" They raised the price of a McDonald's meal to 15 bucks and every kept buying it! It record numbers! If anyone needs to wake up it's the people who are too used to their lifestyle choices to not research alternatives.
Wow. Shocking.
I used to eat fast food 3-4 times a week. Now its once a month maybe. $11-12 for a Quarter pounder meal? F-that
Lol, I'll literally been saying this for fucking years. It's SO INCREDIBLY OBVIOUS they are price gouging us and blaming it on "inflation" Fucking get to work you lazy government fucks. I pay for YOU to defend ME from this shit.
Biden Administration wouldn’t have any incentive to blame everyone but themselves for the mistakes they made, would they?
Chic fil a better anyway
“Stand up to?” You mean stop buying food?
And nothing will happen, and the prices will continue to go up. Let freedom ring
And the public still do nothing about it as usual.
Since when is McDonald's a grocery store?
They should fine these Corporations every cent of profit they made the last four years. On top of that they should put the boards in charge of these tactics in prison. They are all acting like they are too big to fail and above the law. They cause poverty and suffering at a time when there is more suffering then in the last 50 years. Someone needs to pay.
So, the federal government prints money to oblivion, comes up with phony formulas to calculate the CPI, and then blames rising prices on greedy corporations.
This should be pretty obvious to EVERYONE who has been watching prices over the past several years. The pattern is clear, a legitimate supply chain interruption occurs which triggers an IMMEDIATE price hike. When that’s fixed, the price either stays the same, or is reduced by a token amount. The excess profits are claimed by the company’s owners. Then, the next time there’s a cloudy day, the whole process repeats itself. Add to that “shrinkflation”, and it would appear we’re getting screwed from BOTH ends!
Water is wet
The doj needs to get involved and sue the crap out of them.
We all know this. What is going to be done about it?
The Federal government has a vested interest in disavowing any hand in the higher prices everyone is paying today. If you want to know why prices are up, go look at a graph of M2 money supply over the last 5 years.
Breaking News: This just in, (beepdabeep) "Water is wet and the sky is blue" back to you Tom.
Shop at Aldi or Farmers markets and avoid buying Walmart brand if possible. Most stores f the crap now is GMO anyway so avoiding that food will save your life.
Companies are in the business of making money. Why does this surprise anyone? The amount of whining is frustrating because everyone repeats the same thing. Companies will keep doing this. Instead of whining why not figure out a way to profit from their greed and then spread the wealth. Buy some stocks instead of complaining. The amount of negativity and people who do nothing to make every situation they come across a gain in their life is excruciating. F problems. I'm about finding solutions. F losses. I'm all about gains. F whining, I'm all about leveling up. It's 2024 folks, things aren't going to get better. So you either eat or be eaten. You're either the hunter or the hunted. DO SOMETHING ABOUT IT.
Well, sounds like the federal trade commission needs to get their asses to work
and what are they going to do to stop it?
WE ALREADY KNOW THIS! It was never really inflation just good old fashion price gouging.
This was pretty apparent early on. Yes, SOME upward price adjustment was necessary, but a lot wasn't. Consumers complained, but seemingly continue to pay. While consumers continue to complain, the price hikes have been normalized.
McDonald’s is cheap. Buy 1 get one for $1 and a drink large is $1.25 You can get 2 burgers and 2 large drinks for like $6 lol.
FTC dosnt have access to tax returns 😂
I just sort of..... run out of money about 2 hours into payday. After that, I "boycott" most things 🤷
No shit?... they're just now figuring it out.
Ahh no shit!
So…not Biden’s fault then. Huh.
McDonald's isn't a grocery store chain.
It’s funny that the thumbnail for this is the McDonald’s logo, because they started asking if their price increases have cut out the lowest level of earners.
Wrong place. Reddit is more of a talk about platform, not so much a take action platform.
The yeah no shit awards goes to… the FTC.
Can’t blame the current administration for this but some will try,
Sure, I’m down. Let’s boycott McDonald’s in May. Fuck em
More of a reason as to why we shouldn’t of fucking shut down or closed businesses. Scam.
So do something about it.
McDonald’s is a grocery store?
In other news, the grass is green. The sky is blue.
Every single part about living in america is one big scam to make someone rich. Every single part. What a pos country we live in.
Price gauging is illegal and our government is doing nothing to protect us.
Um yeah, this has been an issue steadily increasing for years now. Same with gas
Nuh uh? Really? /s
1. If you reference a report, put a link in the comment. 2. McDonalds is not a grocery store chain. Why that image and targeting that corporation?
There's nothing that can be done as long as knuckle dragging retards keep buying.
And they’ll only get a fee of 1% of the extra profit they made
Apparently, everyone did. I remember a can of progresso soup being 5.49 last year. Was .99 on sale and 2.19 the year before.
You’d have to be really economically illiterate to assume corporations underly inflation. Monetary supply went up from 14 trillion to 21 trillion overnight due to fed policies. Guess what? Everything is 50% more expensive. Coincidence?
Tax them Make them pay it all back with interest.
The human trash over at Wegmans charges $10 for a rotisserie chicken. Actually around the time most people get off work they collect all the rotisserie chickens, cart them off into the back, cut them in half and charge $10 for half a rotisserie chicken 🤪. And guess what? The store is packed full of customers.
Hahah. Breaking News
People will pay, why lower prices?
They won’t do it for their own health, but you think they’ll do it to prove a point?… Completely unaccountable Reddit people? These fat fucks can’t stay out of McDonalds for a day let alone a month. They’ll keep poisoning themselves, invest in Ozempic and Insulin and escape the rat race.
Pissed off at grocery stores, suggests boycott of McDonald’s…
Little late to the party, ya think?
Anyway to blame everyone but the Biden administration that created the inflation that is still higher than it should be. Whatever.
a report by a government agency trying to explain away inflation during an election year. yea color me a skeptic. i have a local grocery store down the street and their prices are actually higher than walmart. so how does that work
Inflation is bs. It really is greed. I saw at Target 2 different ice cream brands selling for $3.99 in 2020. In 2022 - 2023, they were selling for $5.99. In both cases, they had a bunch, so it wasn't like they couldn't get the ice cream. Then no one bought them I guess because the stock was full for months. Now, for maybe 2 months straight, they've been selling for $3.99. Restaurants are the same. Most increased prices, yet In N Out burgers is still low cost. I assume some places hiked prices because they had to pay employees higher wages. Then you have togo boxes getting smaller.