Posted on 04/24/2021 3:45:52 PM PDT by BenLurkin
Inflation is coming.
Look no further than Coca-Cola and Procter & Gamble sharing plans this week to raise prices to offset rising commodity costs. The costs of raw materials, ranging from lumber to resin, are surging, so companies are taking steps to protect profits.
ING Chief International Economist James Knightley is forecasting consumer prices will continue to rise in the near term and could gain almost 4% by May, compared with the same time a year ago. The consumer price index, which tracks how much U.S. consumers pay for a basket of goods, rose 2.6% in March from the year-ago period, according to the Department of Labor.
Low inventory is helping companies flex their pricing power, he said.
Moody’s analyst Linda Montag said that she doesn’t view higher prices as a competitive advantage because all consumer companies are facing higher commodity costs. Besides Coke and P&G, PepsiCo, Kimberly-Clark, General Mills and J.M. Smucker have addressed raising prices. And consumers might not even notice that they’re paying more for diapers or soda.
“Consumer companies across the board have gotten very savvy about how to implement price increases without just slapping on five to 10% price increases...
(Excerpt) Read more at cnbc.com ...
That’s when they’ll add in the mystery meat. And, you’ll like it, comrade.
They will rename them sliders.
Before hamburgers they had meatball sandwiches that took longer to cook. A customer said he was in a hurry so the cook flattened his meat ball and the slider/burger was born, along with White Castle.
Dun’t matter according to Biden you’re only gonna be able to eat 1 hamburger a month.
I do not like 11.2 oz beer containers.
For the same price.
Did it with coffee a few years back.
Wiemar Republic here we come.
5.56mm
Too much money chasing too few goods. Liquidity is being showered down on people who do not have the good sense to come in out of the rain. No matter how much they are simply GIVEN, they end up spending every penny of it, whether wisely or not.
Yesterday, our fav/ local chain grocery store was out of all liquid laundry detergents and basically any big size laundry detergent and home cleaning products. They had a sale on most of these products with the pr leaks about shortages in late May/early June.
Canned and ready to eat veggies, meats and fish were going out faster than they could be restocked.
Cookies with a long dating were being cleared out and big bottles of good wine. Of course paper products were being bought as fast as they were restocked.
Weird items like frozen tater tots and Klondike bars were sold out. Butter and whipped cream were basically gone.
That is a positive considering obesity is a big problem in USA.
Does that mean you will finally shed a few pounds? J/k
A local chain was GIVING AWAY 6 packs of Klondike bars a few weeks back...yum!
“Smaller amounts and same price.”
Exactly. Like how a 48 oz can of coffee is now 30 oz, and a half gallon of ice cream is now 48 fl oz
“I’ve already notice gas is up 50+Cents since Bine was installed.
In the North Bay area of Frisco, many feel that we will be paying $5+/gallon+ for reg. gas.
Let’s print more money!
Or as Jay Leno would say, “Spend all you want, we’ll make more!”
I’m seeing smaller containers and increase in price...not a high increase, but every two to three months, an increase of fifty cents. I’ve got some old WalMart receipts and I’m going to compare soon.
Since gasoline has gone up, will plastics, etc go up also?
Yep. That’s the first trick used. Smaller Buns. Thinner patties. Hoping you
won’t notice and get angry.
The only true 1/2 gallon ice cream is Blue Bell. And there are fewer brands of bacon in 1 pound packs - just Oscar Meyer and Black Label
With or without the Listeria?
Even Stevie Wonder could have seen this coming.
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