Esrogim have a new story each year
I agree and have witnessed that many times. It is called inflation.
We're somewhere between typical inflation and hyperinflation. Call it "high inflation", I think we all get the point though.
Were you around for the 70-80's? That was some high inflation. Hopefully we don't hit those double digits.
+1Just like the number 3 is somewhere between 1 and 100. Call it a "high number", I hope we can all get the point.
I've been noticing many food establishments that don't have updated menu pricing because they can't keep up with price increases. Same with ads from small businesses where they cross out pricing and don't bother replacing it.
Food companies are raising prices for consumers to protect their profit margins, with large multinationals including Nestlé; and Procter & Gamble warning over the past few weeks that cost pressures will continue to worsen before they get better. Analysts say higher costs for production, processing and transport will keep prices elevated.“High prices are here for at least another year,” said Carlos Mera, head of agri commodities market research at Rabobank....Higher prices typically cut demand while encouraging increased production. However, the adjustments may be slow this time, warn analysts. “There are no signs of that at the moment. There’s certainly a dislocation,” said Amy Reynolds, analyst at the International Grains Council....‘Just in case’ demand is continuing and poor harvests in developing countries are leading to a rise in grain tender prices. “There’s no sign of demand destruction happening despite the level of prices. How high do prices have to be?” Reynolds asked.The rise in costs for farmers will make it difficult for them to capitalise on the higher prices and increase supplies.
"Many items" having double digit increases, might just be a generational catch-up (as Ritholtz pointed out last week IINM). That doesn't mean inflation or some spiraling price action.
- Mehadrin/J&J dairy announced price increases on products starting Nov 21 due to rising costs of raw materials and transportation.
that would be at least the 3rd one oin the past few months not mention shrinking the yogurt cups
They are the worst. We need a quality competitor asap.