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gedaliyah@lemmy.world to Lemmy Shitpost@lemmy.world · 10 months ago

Casual reminder

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Casual reminder

lemmy.world

gedaliyah@lemmy.world to Lemmy Shitpost@lemmy.world · 10 months ago
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  • octopus_ink@lemmy.ml
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    10 months ago

    Supply chain constraints were industry wide, and when the order expired, prices went up far past standard inflation.

    Just a reminder to folks emphasizing that retailers used that as cover for corporate greed, and a lot of it was lies. Various links:

    https://dailymontanan.com/2024/03/27/trade-watchdog-big-retailers-used-supply-chain-problems-to-inflate-grocery-costs/

    https://www.nytimes.com/2024/03/21/us/politics/grocery-prices-pandemic-ftc.html

    https://news.harvard.edu/gazette/story/2023/07/retailers-have-been-cutting-costs-so-why-are-prices-still-so-high/

    Great quote from that Harvard one:

    HBS research suggests firms have held off lowering them because it appears consumers got used to paying more

    The FTC report that is the basis for the first three links above: https://www.ftc.gov/news-events/news/press-releases/2024/03/ftc-releases-report-grocery-supply-chain-disruptions

    And don’t get me started on shrinkflation.

    • disguy_ovahea@lemmy.world
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      10 months ago

      That’s true of the post-pandemic food industry prices for sure. That description was regarding the failure of Nixon’s attempt to price fix with an Executive Order.

      • octopus_ink@lemmy.ml
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        10 months ago

        Oh sorry I was clearly not paying much attention to what I was reading. Thanks for the gentle correction.

        • disguy_ovahea@lemmy.world
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          10 months ago

          No problem. Thank you for citing sources in your comment. I always appreciate substantiation in this world of misinformation.

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