Posted on 04/01/2021 5:00:01 PM PDT by dynachrome
Price Hikes
The maker of Huggies diapers and Scott paper products said the percentage increases would be in the mid- to high-single digits and take effect in late June. They will apply to the company’s baby- and child-care, adult-care and Scott bathroom-tissue businesses. Cheerios maker General Mills Inc. (GIS) said it will raise prices to partly offset higher freight and manufacturing costs, in addition to rising commodity prices. “Our competitors and retailers are facing the same thing we are,” General Mills Chief Executive Jeff Harmening said. Hormel Foods Corp. (HRL)said in February it raised prices of its turkey products, such as Jennie-O ground turkey, to counter sharply higher grain costs. If the rally in the commodity markets were to continue, the company would likely pass along further increases, Chief Executive Jim Snee said. Hormel also raised prices of its Skippy peanut butter. J.M. Smucker Co. (SJM) said it recently raised prices for its Jif peanut butter and that it might do the same with pet snacks because of higher shipping costs and other inflationary pressure. Smucker Chief Executive Mark Smucker said retailers are passing increases along to consumers. “We only raise prices when costs are meaningfully higher, and we partner with the retailers to make sure it’s justified and that we move together,” he said.
(Excerpt) Read more at thestreet.com ...
Buy corn cob futures.
The inflation train is pulling into the station.
PING!
Yeah, hard to get a catalog anymore with the proper sort of paper.
Ping.
> Buy corn cob futures. <
To each his own. But as for me, I’ll be ordering multiple copies of the Sears catalog.
Kroger had butt wipe and paper towels on sale today - we loaded up!
Our phone books were I live are about the size of a TV guide but I’ve never thrown one away in ten years.
I’m working on food, meat goats, pigs, veggies, fruits and nuts.
Maybe we can get fedgov to send us copies of Obiden’s EOs.
You can do a DIY bidet with a garden hose and a brass nozzle. Flow restrictors are for wimps.
You can remove your hemorrhoids !
Do, what price is going down?
Anything?
Everything is going up.
I thought the supply was no longer an issue after the Evergreen was freed from Suez Canal. 🤔
The old Keynesian idea that inflation is good because it drives unemployment down (Phillips curve). However that notion was proved wrong during the Jimmy Carter presidency when stagflation occured and prices and unemployment were going up simultaneously. The Keynesian remedy of more government spending only makes things worse and invariably will trigger an inflationary spiral. Those of us who remember those Carter years of economic malaise and double digit interest rates have seen it before.
Women hardest hit of course.
They clog most of the pipes in businesses and homes. 10 rolls to my 2. Cripes.
Long ago, in my mis-spent youth, I helped a plumber guy snake out the sewer pipes in the womens’ rest room at a resort. Good thing we were both drunk.
You stated “women hardest hit” since they use 10 rolls of tp to a man’s 10 rolls. You forgot the outlier, Sheryl Crowe, who said that it only takes one sheet and we’re all gonna take the earth down.
Sheryl’s a dam liar.
The dems are going to attack the oil industry
This will raise the price of gasoline and diesel.
Diesel trucks deliver products to the grocery and general stores.
Expect to see higher prices across the board.
correction - make that women use 10 to men 2 roll quantities.
To each his own. But as for me, I’ll be ordering multiple copies of the Sears catalog.
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There’s still a Sears catalog? I thought Sears was defunct?
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