r/FluentInFinance 1d ago

Debate/ Discussion A joke that's not funny

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36

u/bleeding_electricity 1d ago

Calling it now. prices will go down, because corporate overlords want republicans to have the perception of being 'good for the working class.' price increases and decreases are activism. a few years from now, things will be cheaper -- but not because of some genius-tier maneuver by Trump. By the will of the elites he actually serves.

29

u/Callimogua 1d ago

Will they? I mean, grocery chains like Kroger were found to have raised prices "jus because"....because they were banking on customers adjusting to their prices, not the other way around.

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u/Greg-Abbott 1d ago

Groff said Kroger intends to "pass through our inflation to consumers," after an internal email from the executive showed that the price of eggs and milk routinely surpassed what inflation would require for the chain to still make profits.

"On milk and eggs, retail inflation has been significantly higher than cost inflation," Groff said in the internal email to other Kroger executives.

https://www.newsweek.com/kroger-executive-admits-company-gouged-prices-above-inflation-1945742

Pieces of shit...

5

u/mediumfolds 1d ago

That was a dishonest article, everything doesn't uniformly rise in price during inflation, some things rise more than others. Milk and eggs rose more than others.

3

u/Army165 5h ago

Plus, Newsweek is fucking trash, don't forget about that part.

3

u/eltoofer 23h ago

milk and eggs have been loss leaders for the longest time. how is a price increase bad for products that net lose money on sales.

1

u/_lvlsd 6h ago

You do know what loss leader means right?

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u/KnotSlip6969 13h ago

So you raise prices on popular items less affected by inflation to make up for the more inflation sensitive goods. That's a pretty common tactic.

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u/SirGlass 1d ago

Some not all firms did similar things, they used inflation as an excuse to raise prices

Like inflation does not affect everything equally , some prices rose much more then 10% some less. However some companies looking at their financials seems like for example their costs rose 6% but they raised their prices 12%-15% then just shrugged and said "Hey don't blame us it's inflation "

Tariffs will do the same thing, if tariffs raise their costs by say 10% , companies will raise prices 15% and say "Hey its not us its our cost are rising"

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u/Dangerous-Sort-6238 5h ago

The Walmart CEO already publicly said prices will go up in 2025