What happened at Walmart neighborhood store?
QUOTE=Babubhat;2180108]Eggs, bread, banana prices all up 33 percent plus over last week. So much for inflation decreasing . Are they not matching Aldi prices anymore? Ridiculous[/QUOTE]
Likely, nothing happened at the Walmart store other than marking up their input cost to yield their planned level of profit amid consistent competitors.
Article in the Daily Sun today discusses reasons for egg price increases. Bird Flu, packaging, feed and likely some supply chain price gouging.
Bird Flus have been around for years and have not been an extended cause of continuing price increases. No farm is going to produce eggs in small quantity without recovering cost and making a profit. Same with all involved in the supply chain. Is it possible that once they find that they can make the same profit for far less work, that there are forces in place to keep that scheme going? You see that in products such as sodas by Coke, Pepsi and others.
Not really caused by too many hens in the henhouse, but rather, too many pigs at the pig trough. Once they get us used to the higher prices, there is not a high incentive to return to the lower price unless there is healthy competition.
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