It just doesn’t make sense.
Oh, wait. Never mind.
As a side note, I wonder how many Biden voters realize that insane Democrat policies have caused this mess? Probably none.
Posted on 06/06/2023 6:15:02 AM PDT by Diana in Wisconsin
The past few months of robust grocery store sales would suggest that shoppers aren’t stretched for cash. But that’s not the full story.
Food manufacturers like Kellogg (K), PepsiCo (PEP) and Nestlé all reported sales growth in the first quarter of the year.
But even though sales are up, people are buying less. Growth has been fueled by higher prices, which offset declining volumes.
“If you look at the top-line dollar sales, it is obviously very positive,” said Alastair Steel, executive, client engagement for market research firm Circana, where he works on strategy and consults for clients. “But it really is driven by price increases.”
This year through May 21, compared to the same period in 2022, sales of fresh eggs by volume fell 4.7%, milk dropped 3.9%, packaged bread fell 3.8%, and fresh root vegetables slid 3.5%, according to Circana, which tracks US retail sales. In that time, dollar sales of eggs rose by 41.2%, milk rose by 0.9%, bread jumped 8.5% and fresh root vegetables rose 10.7%.
Prices of each of these items rose during that period. Fresh eggs shot up 48.2%, milk rose 5%, bread rose 12.7% and fresh root vegetables went up 14.7.
Steel noted that early in the pandemic, when people stopped eating at restaurants and stocked up on pantry staples, unit sales soared. Since then, they’ve been coming down. Some of that can be attributed to an “unwinding” of that 2020 boom, he noted. At that time, people could also use Covid stimulus payments to cover costs. Those who were working from home didn’t have to spend money commuting.
(Excerpt) Read more at channel3000.com ...
“I do think budget constraints and financial constraints are making people be more careful in managing their consumption,” Steel said.
maybe inflation can solve the obesity problem!
Inflation will do that to you. Pay more for less.
Costs more, buys less.
They are just now figuring this out?
And when possible, they are packaging less and making smaller packages, reducing weight, volume etc.
Economic inflation causes personal deflation?
Anyone who is buying groceries is spending more on less.
Paging Captain Obvious.
Historically, low income families have struggled with obesity by consuming more carbohydrates, which are less expensive than proteins.
it’s a sign that people are trading down from restaurants to preparing food at home.
I don’t eat out much.
Most of my favorite restaurants that I ate at a decade ago are closed.
Although I was never a smoker, the stricter no smoking laws killed a lot of local restaurants and bars which had some good food.
Some locals are trying to stay alive with video gaming machines.
It may help the cash flow but it is not helping their food business.
Even if the food is decent, it’s so depressing to watch a lonely person interact with a computer in a public venue.
Then the scamdemic closed a lot of local restaurants.
The restaurants that survived are over priced chains that can’t find good help to staff them and got used to serving take out during Covid which lower their standards of food quality and service.
At least one of the local pizza places has kept its quality and service up.
Other than them there is not much around me worth patronizing.
Here’s hoping!
Oh, wait. Never mind.
As a side note, I wonder how many Biden voters realize that insane Democrat policies have caused this mess? Probably none.
What a mystery. Whatever could that mean?;-)
I was just over the border in New Jersey yesterday, and a 12 pack of cans of either Coke, or Pepsi are now $9.99.
When we go out to eat it is for lunch.
The places we go used to be packed with patrons.
Now we just walk in and get a table right away.
Plus where we used to eat lunch out 5 days a week, we have cut it back to 2 days a week.
You just about have to strain a can of vegetables to find anything but liquid in it.
But the Biden voters will say it was worth it to get rid of the Bad Orange Man.
Extra cash? We know not of this phenomenon. Where does one find such magical items? Wasn’t that long ago you could fill you trunk with a hundred bucks. Now? A bag or two. Thanks branDUHn.
well, at least there’s no more mean tweets... so there is that. /S
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.