Stores don’t look at inflation, inflation makes the stuff they sell more expensive to buy, so they have to sell it for more money or make losses.
Oh wow, stores must suddenly be buying their materials much cheaper recently when they realized they need to charge less, right?
Or did they just realize the market won't bear what they're charging, so they're lowing their prices to get more business and lower the margin on their sales?
Hint, it's the second one. Because stores are raising prices to increase profits, not to make up for increased ingredient costs.
Go look up net profit margins of retailers, they are going sideways.
Thats because of how they define profits.
Every company wants ALL the money.
They make enough to pay all their bills and expand reasonably.
They are not happy with that.
Its always more more more.
Its always more more more.
Obviously, because the money is always worth less less less.
And yet they can afford to advertise they're dropping their prices 🤔
Oh wow, stores must suddenly be buying their materials much cheaper recently when they realized they need to charge less, right?
Or did they just realize the market won't bear what they're charging, so they're lowing their prices to get more business and lower the margin on their sales?
Hint, it's the second one. Because stores are raising prices to increase profits, not to make up for increased ingredient costs.
Go look up net profit margins of retailers, they are going sideways.
Thats because of how they define profits.
Every company wants ALL the money.
They make enough to pay all their bills and expand reasonably.
They are not happy with that.
Its always more more more.
Obviously, because the money is always worth less less less.
And yet they can afford to advertise they're dropping their prices 🤔