Current Events > Companies are lowering their price increases

(+) Yeah! (+)

https://fortune.com/2024/02/25/what-is-greedflation-inflation-why-are-prices-so-high/amp/

The article focuses on grocery prices and gives reasoning as to why they increased (yes, greedflation), and why they are quickly lowering price increases (yes, consumers speaking with their wallets).

I don't see people scrambling back to name brands en masse until there's an actual price decrease, though. The price differential between brand name and store labels is just too high to justify buying most brand name items.

But what do I know?

It's just basic supply and demand.
If demand goes down, the price of a product goes down with it.

Turbam posted...

It's just basic supply and demand.
If demand goes down, the price of a product goes down with it.

We're not quite at that point yet, though. Right now we're in the "slowing price increase" stage.

Turbam posted...

It's just basic supply and demand.
If demand goes down, the price of a product goes down with it.

That's the thought, but how often have we actually seen prices drop in a way that isn't still higher than it was before?

Unknown5uspect posted...

That's the thought, but how often have we actually seen prices drop in a way that isn't still higher than it was before?

Only during a recession, I think (I remember this being the case during 2008). We'd have to see actual deflation across the board for that, I think. I know that everyone says that deflation is bad, so I'm not sure what to think about it.

Give me back my goddamn $1 McChicken!