That one seems kinda scary - if inflation was 6% and something wasn’t sold at any profit, all stores would stop selling it. (This is true for most food.)
That one seems kinda scary - if inflation was 6% and something wasn’t sold at any profit, all stores would stop selling it. (This is true for most food.)
Agreed, that would be.
But the most they could have done is 308% instead of that 300%, and I think they managed to get lots and lots of small stores to do it at the same time.
What do the laws on the book look like?
I’ll note that grocers record profits are orders of magnitude less than the price increases. Maybe somebody is getting rich off of the price increases, but I’m pretty sure Walmart is not.
I’ll note that grocers seem to have made very little profit per American in the last few years; Walmart made ~$70 off each of us last year, which seems incompatible with the price increases I’ve been seeing…
I think the scary thing is if it takes the suppliers more than 3 days to figure that out. Companies oftentimes can last 3 days without food (and rarely fix things very quickly at any scale).