That is almost a 100% price increase. There is absolutely no way the supply chain cost went up that much in that short of time. The costs of production and delivery did not go up 100% in that short of time so the math just doesn’t add up at all. These prices are not all Biden...
“These prices are not all Biden“
Yes they are. The article points out that this “greedflation” occurs under cover of inflation. Inflation was driven high directly solely by Biden’s policies. They attempt to take the focus off Biden by inventing a lurid leading word and it seems to be working with you. Two things: One, the greedflation may be an attempt by business to get ahead of a strong current trend the end of which they can’t see. Two, the supply chain that you’re so sure you can confidently dictate is far more complex than you are allowing. It involves a great many people and businesses who are all getting slammed in different ways. As a result the rise in prices all down the line may not even remotely be linear, ie fifty percent here = fifty percent there.
As an example an association of commercial bakers tried to calculate the effect of taxes on the price a loaf of bread from m the farmer to the retail counter. The trail was so complex and labyrinthine that they couldn’t do it. They gave up.
Also the laws of the market place haven’t been rescinded. Competitors can undercut gougers for market share.
Don’t take the focus off of the demon party just because they’ve concocted yet another fake phony leading word.
Up until COVID hit, my wife and I frequented a local restaurant for breakfast. After COVID ended, the prices there soared by about 100%. The problem for the restaurant was that the number of customers was very much below the pre-plandemic numbers compounded by the fact that they couldn’t find a cook for the latter part of the day. They had to reduce their operating hours. I doubt that their fixed expenses, like mortgage or insurance declined at all.
We found an alternative at one third the price. I would not be surprised if this restaurant closes permanently.
This particular example would be a mis-match between supply and demand.
I have read in the past that the U.S. has twice as many shopping malls as needed to supply the demand for their products. You can expect to see higher prices than you are willing to pay until some of them go broke.
Half of the Baby Boom is now over 65. Expect to see declines in consumer activity aside from medical services and supplies as this process plays out.