‘Greedflation’ study finds many companies were lying to you about inflation

spaduf@slrpnk.net to News@lemmy.world – 1357 points –
‘Greedflation’ study finds many companies were lying to you about inflation
fortune.com
150

You are viewing a single comment

Well they got told to knock it off nicely. So I guess they will lower prices now. 🙄

The egg producers already have.

The "bird flu" was nowhere significant enough to cause the price spike on its own. It was an attempt to determine "what the market will allow". And it turns out people can do without eggs quite comfortably.

They just went too far too fast and found out they aren't the staple they thought they were. They also didn't have enough market penetration when some stores had protected supply lines and did not raise their egg price.

I know I did. Those eggs went sky high and I didn't buy them for months.