Quote:
Originally Posted by blankall
Seems like a little from column A and little from column B to me. Yes, inflation exists. Also grocery retailers are making twice at much profit as they did pre-COVID:
https://vancouver.citynews.ca/2023/1...D19%20pandemic.
Also not all price increases are permanent. Notably, when you have supply chain issues, it creates short term increases, or at least it should. There's also been a significant degree of hysteria around inflation, that grocers have used to increase prices. |
I know the media keeps saying that, and I just don't see it in the numbers. Granted, I really only looked at Empire, Loblaw, Metro to see what the biggest grocers are reporting, but the net margins are just not that high.
And saying that however many billions means record profits, therefore they're gouging is disingenuous. The actual dollar amount might be higher, but the margin isn't. It's no different when some movie today is the highest grossing, but it's compared to Gone With the Wind or Titanic when movies were far cheaper. It's meaningless unless you adjust it for inflation, which is hilarious because of course the entire narrative they're trying to run is about rampant inflation!