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FTC report suggests high grocery bills likely due to ‘greedflation’ caused by big corporations
News4jax ^
| 03 22 2024
| Tiffany Salameh
Posted on 03/23/2024 5:58:54 PM PDT by yesthatjallen
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To: E. Pluribus Unum
Never mind that government collects far more taxes per gallon than Big Oil makes in profit. Exactly.
21
posted on
03/23/2024 6:45:53 PM PDT
by
kiryandil
(what Odessa doink?)
To: yesthatjallen
Yes, we’re THAT stupid, stupid moron.WE know how it works. GRRR*&%$%$#
To: yesthatjallen
(FTC report suggests high grocery bills likely due to ‘greedflation’ caused by big corporations)
Well it certainly can't be the fault of Democrat Joe Biden and Mother Pete!!
It's past Christmas but Democrat Joe Biden is still wrecking the economy with Bidenflation
23
posted on
03/23/2024 6:56:35 PM PDT
by
SaveFerris
(Luke 17:28 ... as it was in the Days of Lot; They did Eat, They Drank, They Bought, They Sold ......)
To: yesthatjallen
It looks like the FTC is run by toxic wokesters who majored in basket weaving.
24
posted on
03/23/2024 6:58:13 PM PDT
by
Chgogal
(Welcome to Fuhrer Biden's Weaponized Fascist Banana Republic! It's the road to hell.)
To: yesthatjallen
The eternal quest for Kulaks to hate.
To: yesthatjallen
Honestly, when I’m king, people who are so unserious about governing that they coin terms like”minibus” and “greedflation” are going to be summarily shot the day after my coronation
26
posted on
03/23/2024 7:05:00 PM PDT
by
j.havenfarm
(23 years on Free Republic, 12/10/23! More than 8,000 replies and still not shutting up!)
To: yesthatjallen
“Greedflation”, huh? We all know who has a $34T “greedflation” problem.
27
posted on
03/23/2024 7:11:00 PM PDT
by
BradyLS
(DO NOT FEED THE BEARS!)
To: j.havenfarm
28
posted on
03/23/2024 7:29:42 PM PDT
by
HYPOCRACY
(Brandon's pronouns: Xi/Hur)
To: yesthatjallen
There are a lot of stupid people out there ... they believed the FDA, CDC, Labor Department, FBI, etc. so it is highly possible they will believe the FTC fools.
29
posted on
03/23/2024 7:47:24 PM PDT
by
RetiredTexasVet
(We used to be a Republic, we are now a Fascist Klepto-Thugocracy.)
To: yesthatjallen
This is a load of cr@p.
Here is the financial statement of Kroger, in the the largest publicly-traded grocery chains.
https://ir.kroger.com/files/doc_financials/2023/q4/FINAL-KR-Q4-FY23-Earnings-Presentation-with-tables.pdf
Look at page 23. Kroger’s operating margin (the ratio of operating income to total sales, ie the profit left after covering the expenses of operations) was down in 2023 (2.1%) vs 2022.= (2.8%).
That means the inflationary impact on revenue was more than exceeded by the inflationary impact of operating expenses.
Whenever the government publishes a report, a flower dies.
30
posted on
03/23/2024 7:52:55 PM PDT
by
DoodleBob
(Gravity's waiting period is about 9.8 m/s²)
To: kiryandil
Grocery stores have to pay for their incoming freight which is brought in by diesel trucks. Diesel is 50% higher than it was 3 years ago. That cost has to be passed along.
FJB squared.
31
posted on
03/23/2024 7:59:06 PM PDT
by
Texas resident
(Biden=Obama=Jarrett=Soros)
To: yesthatjallen
Grocery Stores work on about a 2% profit margin and it’s highly competitive.
To: yesthatjallen
I think a lot of it is price gouging greed. Just like every other inflation cycle. If the price of one item in the production chain goes up 10%, as an example, they raise prices 20% and pocket the difference. It surely will not be the first or last time.
Just no way soda needed to go up as much as it has for example. NO way. It is sugar and water for crying out loud. Another one is PVC. That was something you hardly gave notice to in price. Now it is a major purchase. Natural gas is the primary component and it has gone way down to historically low levels. Did PVC pipe and fittings follow? HELL NO.
33
posted on
03/23/2024 8:19:30 PM PDT
by
Sequoyah101
(Procrastination is just a form of defiance)
To: yesthatjallen
A new report from the Federal Trade Commission suggests grocery giants used inflation and supply chain disruptions during the pandemic to drive their profits and keep raising prices. That first sentence tells you the author is either dumber than a bag of rocks or a liar. I'm going with liar.
First of all food prices didn't rise much until the fall of '22 so Democrat created supply chain disruptions during the plandemic aren't the issue or price rises would have started two years earlier in late 2020.
Secondly, duh, inflation caused food prices to rise. Are the "grocery giants" somehow immune to inflation and just being greedy to raise them?
Someone please take the author down to the dumpsters and dispose of him/her/zer/ze/zit.
34
posted on
03/23/2024 8:41:26 PM PDT
by
TigersEye
(Our Republic is under seige by globalist Marxists. Hold fast!)
To: Chickensoup
Blaming companies for marxist leftist failures is what we see here.
Yeah, but it worked so well in Venezuela, Argentina, Zimbabwe, and South Africa!
To: Sequoyah101
You should read post #30.
36
posted on
03/23/2024 9:10:38 PM PDT
by
TigersEye
(Our Republic is under seige by globalist Marxists. Hold fast!)
To: yesthatjallen
When there are no rich people, no greedy corporations, no
food, no energy supplies, no personal property, who and what
are they going to destroy next?
You can really see why tens of millions of people die each
time Communism is reborn.
When the US craters, 100s of millkions will die.
37
posted on
03/23/2024 9:12:03 PM PDT
by
DoughtyOne
(I pledge allegiance to the flag of the USofA & to the Constitutional REPUBLIC for which it stands.)
To: yesthatjallen
I miss Trump’s ability to stop corporate greed
38
posted on
03/23/2024 10:47:02 PM PDT
by
NoLibZone
(We have the nation we deserve The bad guys are willing to protest & riot while, we post in all caps)
To: TigersEye
It isn’t the grocery store that I’m talking about. It is the processor.
39
posted on
03/23/2024 11:55:00 PM PDT
by
Sequoyah101
(Procrastination is just a form of defiance)
To: linMcHlp
And increase in minimum wage. And increase in fertilizers. And increase in equipment prices. And increase in transportation. And increase in ...
40
posted on
03/24/2024 3:13:29 AM PDT
by
bgill
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