Skip to comments.Kraft says more price increases ahead
Posted on 02/10/2011 5:09:52 PM PST by BenLurkin
The company reported Thursday that price increases it made to cope with higher ingredient costs are not going to be enough to sustain its profitability and it plans further hikes this year
(Excerpt) Read more at finance.yahoo.com ...
I’m stopping any purchases.
Our delicious box of Macaroni and Cheese will be raised to $2.05 from $1.05...but next year we’ll lower the price to $2.00!...We save you money!
Just another filthy greedy corporation trying to rape the masses!
Oh, you need to make a profit to stay in business? You have substantial costs complying with multiple layers of government regulations? It costs money to manufacture and deliver a vast array of products to our neighborhood grocer at a price we can afford?
I just bought the ingredients for mac and cheese about 30 minutes ago. $10 will yield enough mac and cheese to make two people tired of it.
I remember buying Kraft Dinner as a lost leader for 10 cents a box...and it was regulalry priced four for a dollar for long time. But now $2.50 a box isn’t far away, I suspect.
Turn them off like we did government motors. They are finished. I have to buy nothing. I buy because it is my will that says “buy” . I am through with Kraft. Too high.
Aldi has mac/cheese for 29 cents a box.Unfortunately,the stuff’s pretty rank-even the dog has regrets about eating it.
You can thank Ben Bernanke and his smoking-hot printing presses. I when I say “hot”, I don’t mean sexy.
Ain't it a great country? You can do that and still not go hungry. I am reminded of a fellow from India who got in but his friend did not. HBis friend was wealthy in India but he was determined to immigrate to America. His friend in America asked why he wanted so badly to move to America when he was quite well off in India. His reply, "I want to live in a country where the poor people are fat."
And we have many fat poor people eating on your money.
“I am through with Kraft. Too high.”
Many “brand names” may find they will be competing against “store brands” which do not have a quality gap that could justify a significant increment more for the brand name.
Maybe marketing will make their higher prices irresistible to consumers? We’ll see.
The list, ping
Let me know if you would like to be on or off the ping list
How can you ever get tired of mac and cheese?
Good thing for Obama the Consumer Price Index doesn’t count food and energy prices.
The Lamestreams would have a hard time spinning inflation numbers for him.
Less in the box too. Went to buy lunch meat, one brand was a $1.00 HIGHER than the 1 ounce less box of another brand. Both major brands. This was at the Navy Commissary in Millington, TN.
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