Where does it end?
 

For all the people who believe inflation is under control:
I just came back from Walmart. Went to buy potato chips. Last week a bag of Lay's Potato Chips was $4.68. Today $5.38. That's a 16% jump. AND the bags are smaller than they used to be!!

Let’s see who takes the bait. :1rotfl:

Food is a lot more expensive than they say food inflation is running.

Hopefully the interest rate increases is getting it under control.

If I visit a grocery store, a restaurant, or fast food place, I am continually amazed at the price increases.

You are not alone in seeing the increases.

Eat healthy and eat at home and you will be a lot better off. I am fortunate to have a wife who enjoys cooking and prepares healthy meals for the both of us. We eat out a couple times a week but always at lunch, with lower prices and less crowds. We eat fruits, no junk potato chips. Be smart and live longer.

hope it discourages you from eating that garbage. Eat healthy, it might even improve your disposition.

Except, it isn't true. You can easily verify the OP's post by going to the Walmart website. It's right there. Their price is $4.98 for the 13-ounce Lays potato chips, and $2.76 for the 8-ounce Lays potato chips, and I set it to give me the price at their store on 441 between the Historic Section and Stonecrest.

Of course, if he chooses to get some other flavor he might see 7.75 ounces instead of 8 ounces, and 12.5 ounces instead of 13 ounces. But the price is still $2.76 or $4.98, respectively.

Perhaps the OP needs a new eyeglass prescription. Fortunately he can get them - at Walmart. Good prices.

Go to Sam's. Big 15.6oz bag of whatever flavor you want for $3.48.

We aren’t finished with inflation yet, it will stay elevated for some time and?or having the economy go into a recession later this year.

Be smart and don’t eat out a few times a week. The sodium and sugar will kill you.

Inflation
 

I work at Publix but shop aldi for certain items. Milk 1.79 half gallon and coffee creamer 2.45 for 32 oz. Publix 2.98 for half gallon and 4.09 for coffee mate and international delight. But yesterday orange juice was 3.35 and coffee was 8.89. Last week coffee was 7.59 and orange juice 2.55.

What ****es me off is the immense profits grocery stores make from all this "inflation". Here's what google said about Publix profits in 2022:
"Publix had operating earnings of $1.3 billion in the period, up 35% year over year while full-year 2022 profits totaled $4 billion, up 13% from 2021."

For some everything that costs more than in 2019 is self-inflicted. When I moved to T V gas was $1.80 a gallon at Neighborhood Walmart 466A. Chips were big bags for less than $3... the list goes on and on.

From the USA Accountability Office Healthy food prices have gone up too.

Higher labor and more people not willing to work and transportation costs are also long-standing challenges that have led to increases in food prices.

Romaine hearts grown in California are two to three times the cost from last year. Last year, U.S. consumers saw the largest annual increase in food prices since the 1980s. While food prices generally increased about 2% in prior years, they increased about 11% from 2021 to 2022. Inflation contributed to the increase.

“Prices are expected to grow more slowly in 2023 than they did in 2022. But it's still going to grow more than the historic annual average of 2%,” said GAO’s Steve Morris, an expert in agriculture, during a recent podcast. “When you look at the forecast for this year's prices, they're predicted to increase anywhere from 5 to 10%, and probably settle around 8%. So, they're still going to be really high.”

From me effects of executive orders on energy production which effect fixed costs of manufacturing and transportation, free handouts to non workers effecting number of job seekers, transportation regulations, and many others (more than any executive branch in history) have all contributed Elections have consequences. Hopefully, after 2024 it will be different consequences.

Wait until you see how much it coast to get new AC or pay gas for heating this winter due to his executive orders. We just had to get AC up 3k from last year due to new regs going into effect this year.

Sticker Shock at the Grocery Store? Inflation Wasn’t the Only Reason Food Prices Increased | U.S. GAO.

Time to quit eating chips. Not good for you .

I refuse to pay that kind of money for JUNK FOOD the is terrible for your health. You should too!

You should’ve gone to Publix. Lays are on sale right now, Buy one get one free. They were only 468 too. For two bags.

It's not going to end. We are well past the point of no return with regard to US debt. It will continue to grow which is unsustainable. When something is unsustainable, that means it can not go on forever. The US dollar will be destroyed. That means it will lose ALL of its buying power. Think NOW of how you will feed yourselves when your money dies.

It has happened before to other countries that print, print, print. It will happen again and it will happen here. There is no doubt any longer.

https://www.amazon.com/When-Money-Di.../dp/1586489941

Big business will always take advantage. Look at the profits of these companies.

Lays at Publix this week $4.79 and it's BOGO. Same for Winn Dixie this week. You should learn to read the Winn Dixie and Publix inserts in the Wednesday paper. OR go to the stores and pick one up

They are, by law, to have a fiduciary responsibility to their shareholders, not you. So shareholder stock prices and dividends supersede you getting cheap food. If Aldi wants to sell something as a slightly lower gross margin than Walmart and Publix, they do that at the expense of their shareholders. Aldi offsets the cost with no bags, quarters in shopping carts to prevent theft, and off brand items. Walmart lowers costs by you checking yourself out at the expense of their employees. Publix has more items in stock and fuller shelves but that comes with higher prices… you as an buyer can pick and choose where you want to shop.

The price of gas in 2019 was also $3.03. It fluctuates.

Chips? Don’t buy them, so don’t know

Eat healthier. Bananas are still cheap.

The worse part of inflation is beer is now up to about $10 for six pack of Bud. Uggh! Gonna join the home brew club and make my own.

[QUOTE=La lamy;2218644]What ****es me off is the immense profits grocery stores make from all this "inflation". Here's what google said about Publix profits in 2022:
"Publix had operating earnings of $1.3 billion in the period, up 35% year over year while full-year 2022 profits totaled $4 billion, up 13% from 2021."[/Publix’s sales for the fiscal year ended Dec. 31, 2022, a 53-week year, were $54.5 billion, a 13.6% increase from $48 billion in 2021, a 52-week year. The additional week in 2022 increased sales by 2.1%. Comparable store sales for the fiscal year ended Dec. 31, 2022 increased 9.9%.

The following is from Publix financial report. Don’t know where Google got their info:

Net earnings for the fiscal year ended Dec. 31, 2022 were $2.9 billion, compared to $4.4 billion in 2021, a decrease of 33.9%.

They aren’t raising prices NOW because of inflation. They are raising prices because of greed. They know they can do it, and you still purchase the items. Why lower the price?

I have chosen. I go to Publix almost every day. Walmart is a zoo, and they often don't keep their regular products in stock. I think that Aldi's quarter cart deal is one of the cheapest and dumbest things I have ever seen. And, I don't believe that it helps their bottom line.

So you want the government to step in and control profit margins?.? Free enterprise.

Walgreens and Winn Dixie have them 2 for $6. So that's $3 per bag. shop some other places. Stop whining.

I did. That BOGO was last week. This week they were $4.59/bag.

I was just at Walmart yesterday and eggs were only $1.24 a dozen. So it may be an isolated price increase on certain items.

we are all suffering. .

1) grocery store margins are 2-3% so the majority of the cost is a supply chain issue. .
2) There is a shipping component to grocery store prices (fuel prices major component)
3) There is a labor component to grocery store prices (local labor market component)

April Retail sales up 0.4% over prior month
April CPI up 0.4% over prior month. .

Retail sales increase is all inflation, also known as STAGFLATION
however, too short of a time period for a trend. .

CPI has peaked and prices increases are slowing in GENERAL . . .

best answer is avoid junk food, and invest in junk food companies
a personal spread trade to profit at the expense of others.. .

Maybe you should go into the store. The Lays BOGO was last week.

When you return the cart, you get your quarter back. It costs you nothing to use their cart as long as you return it. That saves them having an employee from having to retrieve carts. Cost saving that translates to their bottom line.

How long will it last? The last time year over year inflation was this bad, it lasted about a decade. All of the 1970's. They measured it differently back then, but the effects were the same.

I understand the concept, but you also need to factor in the customers they lose by having such a cheap policy. I am one of them. If it increases their bottom line, why don't other stores have the policy? I would also point out that, unlike other stores, they have their own parking lot, so it would cost less to maintain the carts.

Chips
 

Publix was bogo this week.2 bags for $7.99.

Inflation is a world wide problem at the moment, and the US is in a lot better place than many countries, and handling the problem quite well
9+ down to 4.93 and falling.
You lucky people!

Inflation never ceases. It's always been there. You notice it more when your income doesn't keep pace with it.
The more people handle an item before you purchase it, the more expensive it becomes.
Remember when bread was 15 cents a loaf? That's when the hourly wage was about 75 cents an hour. :shrug:

Inflation is higher than the government figure for the following reason: If inflation is defined as the increase in cost to buy a set of products from one period to another. One dozen large publix eggs purchased January 1st compared to one dozen publix large eggs purchased May 1st.

What economists have done (come to your own conclusion as to why) is they use substitutions, which suppresses the figure. Lets say the above dozen large publix eggs cost 1.00 on Jan 1. Instead of comparing it to 1dz large publix eggs on May1, they will compare it to a different, less expensive brand of eggs (ie uncle googies eggs). A consumer that purchased a cheesecake each week for desert for the family may now buy cheaper jello. In this case it would show a decrease in spending.
They try and take into account that people would substitute cheaper, even different products. IMO inflation should be comparing the exact same items from one period to another.
THey even try to take into account the consumer buying fewer items (again, you figure out why they would go through such gymnastics to come up with a lower number). The example given:
A consumer may change their behaviour due to rising prices. instead of buying a container with 12 cupcakes, they buy a container with fewer cupcakes, switch to a cheaper brand or shop at a discount store where cupcakes are cheaper. To factor in that behavior, the government tweaked how it calculates inflation.