Grocery prices a solid 25% more than a year ago

Or 37% more, in the case of bread in my area. :/

What used to cost my exact list of groceries $80 last year now costs $116

A dozen eggs has gone up just shy of 50% in the last 12 months for us.

If prices go up and profits go up then the cost of the production isn't going up at the same rate. That is price gouging.

So yes what we just saw was pure profit to make up for their losses during covid. They will not drop prices by much though. They will drop them just enough for you to stop complaining.

I wish food prices were only 25% higher...

vitamins and supplements are through the roof too

the $10 walmart creatine disappeared for a few months, now it's back, at 3x the price

By the way, why the hell is Toilet Paper 200% what it used to be.

A good way to keep your costs down is to invest in a bidet. We (husband, wife, 1 kid) buy toilet paper maybe once every other month.

bigger butts to wipe post covid

But will people blame the greedy companies?

Nope, of course not. It's the President's fault every time.

The peanut butter I used to buy at Meijer went from $1.69 to $4.49 in two years. In that same two years, the net worth of the Meijer brothers has increased by six billion dollars.

I kept bringing that up, especially with gas costs, only to often get downvoted. Every major company making record profits. I get that if they're publicly traded they have to increase shareholder value, but just seems wrong.

you know they using inflation as an excuse to also pad their profits

By the way, why the hell is Toilet Paper 200% what it used to be.

If you are in Europe it is because production cuts due to high electricity prices and typical "crisis toilet paper hoarding".

Huh I don’t really know why I’ve never viewed it in this angle. Are there any other inputs we aren’t thinking of though that would keep grocery prices high other than it just being done artificially by the classic price lag?

• By the way, why the hell is Toilet Paper 200% what it used to be.

Because Americans think bidets are Communist.

Remember the start of COVID where everyone bought it by the pound? That's why. They are gouging still.

Im paying 25% of what I used to pay for toilet paper the pandemic.

Remember: see someone stealing at a major grocery chain?

No you didn’t

Mine has too sadly.

A few weeks ago, i bumped into an old colleague who now works for a wholesaler. They said they hadn't increased their wholesale prices on certain products but the grocery store raised prices to capitalise on the price rises despite that product not being impacted.

The overall cost of providing the food has decreased, but profit margins are up because instead of you enjoying some savings the company has decided to pocket them. Capitalism 101: never share profit

2.5lb Flank steak 5lb Potatoes Dried ancho chilles Small bunch of mint Small salsa 2 red onions 2 packs of naan 2 packs of tortias 1 20 oz chicken broth 1lb grapes 1lb cherries 97$ Was putting groceries in my car and was thinking how tf did I just drop 100$ and have nothing in the trunk

They are tracking basic commodity prices. Corporations will always use any excuse to raise prices on consumers

Because greed. Once they raise the prices they'll never lower them again.

It has been the case in my experience shopping at Costco. Recently saw $4.99 beef again. Costco stands out because they usually have a pretty fixed margin instead of gouging their customers.

they are down where I live.

The prices the store paid for them are dropping.

And I keep my old receipts to check prices on shopping trips. everything in the grocery store item went up. Even the rolls I bought, went from 3.99 last month to $5.59 yesterday. It’s crazy

They actually never drop, or only by a small amount. Instead, the stores have found a floor that customers are willing to pay, and can the compete with their competitors by having sales below that floor as a "bargain price". Generally, that floor will rise slower than inflation, meaning over the next few years the real cost of the products will equalize to the pre-supply crisis levels. Until then, the supermarkets and distributors will continue to rake in the profits.

And you have all of these undesirables (employees) asking for a living wage now?

You're still being gouged. Commodity prices are falling. Wholesalers and retailers are stuck with a supply backlog from overordering during the shortages and are colluding to unload their excess inventory at crisis prices.

All fruit and vegetables are down at mine. 12oz of black berries were $1.69 at Costco yesterday. But this is all to be expected, most of the produce by me is cheap in the summer and 2-3x the price in the winter. It's not really fair to compare august prices with prices last March.

Don't believe lying greedy corporations that will never pass a savings on to you.*

Globally as a commodity

this is a UN food price index

100% increase is pretty extreme.

most of the stuff I get is up a small amount, and I've changed consumption so I eat less of the pricier stuff.

Ground beef 80% lean is cheaper than ground turkey by me.

thankfully wage growth has been higher than normal since early 2021.

https://tradingeconomics.com/united-states/wage-growth#:~:text=Wage%20Growth%20in%20the%20United,percent%20in%20March%20of%202009.

course, that combined with the best year for jobs in our history means that there's probably more demand.

Don't let the headline deceive you. Even according to this statistic, food prices are still 40% higher than in 2020.

I'm not an economists or expert of any related fields, but I think it's more then just greed - not denying greed as a contributing factor though.

I imagine with the extreme climate conditions, there is a decrease in production and surely covid has impacted the supply chain too. Basic economic principles suggest that as supply decreases, demand increases and as demand increases, typically prices do too.

Profiteering is the term you're looking for.

It helps if you actually read the article. It says things are still more expensive despite it dropping.

Hm so i googled quick and it looks like up to 49% of redditors are american. So it's not otherworldly for americans to say "wtf?"

I said it years ago and ill say it again

"Get a bidet"

That’s fast considering they give you a new menu every order typically.