Posted on 05/24/2022 3:13:52 PM PDT by blam
More grocery stores have increased their prices to consumers for an iconic No. 1 size can of Campbell’s Condensed Tomato Soup. Here’s how prices have changed since our previous snapshot of prices at ten of the U.S.’s largest grocery-selling retailers roughly two months ago.
◾Walmart: $1.17/each, unchanged
◾Amazon: $0.99/each, unchanged (Lowest)
◾Kroger: $1.25/each, unchanged
◾Walgreens: $1.50/each, unchanged when you buy 2 cans
◾Target: $1.29/each, increase of $0.10 (+8.4%)
◾CVS: $2.19/each, increase of $0.40 (+22.3%, Highest)
◾Albertsons: $1.59/each, increase of $0.59 (+59.0%)
◾Food Lion: $1.19/each, increase of $0.19 (+19.0%)
◾H-E-B: $1.21/each, unchanged
◾Meijer: $1.19/each, increase of $0.19 (+19.0%)
Among these sellers, only Amazon continues to sell a can of Campbell’s condensed tomato soup for under $1.00. The next lowest price available to consumers is Walmart’s $1.17 per can.
Since Amazon sells many fewer cans of tomato soup than all these other grocery-selling retailers, that means most tomato soup-buying American households are now typically paying far more than $1.00 for each can of Campbell’s tomato soup they buy. So much so that the trailing twelve month average of a can of Campbell’s Condensed Tomato Soup has jumped to reach a new record high of $1.04 per can. The following chart presents the entire price history of a No. 1-size can of Campbell’s Condensed Tomato Soup we’ve assembled to mark the occasion:
President Biden’s Inflation
Unlike many other products, the iconic No. 1 can of Campbell’s Condensed Tomato Soup cannot easily hide the effects of inflation by shrinking while keeping the same price. Its trailing twelve month average price now exceeds $1.00 per can, as discounted sale prices below that level have nearly all but disappeared following large price hikes in January and February 2022.
We anticipate the trailing twelve month average for Campbell’s Tomato Soup will reach nearly $1.20 per can by the end of 2022. How long do you suppose Amazon might continue selling the product at what is now a deeply discounted sale price of $0.99?
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For the latest in our coverage of Campbell’s Tomato Soup prices, follow this link!
Biden blames Andy Warhol.
Sitting at the deli counter with Ketchup packets and hot water. Let’s go Brandon!
My mater plants are escalating too. Got one that’s 1 1/2 foot tall now.
Bought two plastic bags of groceries today. No meat, nothing fancy.
$50.00
Same here. $46.43
Dollar off gold standard in 1971.
There was a scene in That Girl where she did that. Except it was at Horn & Hardart.
Of note in the soup price chart, Nixon got us fully off the gold standard in 1971. Look what happened to soup prices immediately after the switch to fiat currency.
When I was in college, the Kroger’s private label chicken noodle soup was 20 cents.
I’ll gladly pay $1.25 for a can of Campbell’s tomato soup, but I can’t find it. A can of Progresso soup costs nearly $3.50.
Looky what happened when we went off the gold standard in the early 70s. I’m shocked.
Sure hope you don’t want crackers with your ketchup and hot water. Outrageous prices, if you can find them.
Progresso Hearty Tomato Soup is a tasty meal. Campbell’s Soup is sauce base.
At DAVOS today, George Soros said we have to immediately defeat Putin, then on to China. So buckle up your belts and do your part!
I paid $1.58 for a can of Campbells cream of mushroom for a recipe I’m making tonight. Other than that, I make my own soup.
Synchronicity or coincidence or whatever you call it, I was in the store the other day and glanced at the Campbell’s Tomato soup price as a quick-n-dirty inflationary dipstick.
It really is. With a grilled cheese sandwich!
It’s the “Replacement Theory price hike”!
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