News

Food is famously a luxury good so it makes sense people would pull back in order to spend their money on necessities like bombs to drop on foreign elementary schools and shit

I like the headline:
"It's a problem for the food companies that the customer don't have money"

this should be the true economic indicator, not the fucking DOW. idc if the DOW is fifty million, if people cant afford food we have a major fucking problem.

Companies should have thought of the repercussions before shoveling cash into fascism.

Would someone please think of the companies!?

Pressure on food companies? Loads of people not being able to afford much food seems like maybe those people are under some pressure too, and maybe that's the more important part?

I'd buy a lot more food if my job paid me more. Instead, rice and beans baby. Maybe a splurge on champagne every time a key republican dies, but that's it.

It's becoming harder to ignore the prices are higher and quality is worse than ever

All I know is, I'm 43, when I was a kid in the 90s we'd go grocery shopping and have an overflowing cart that was around $100. Now, the same cart $100 isn't enough to cover the wire mesh at the bottom of the cart. It's absolutely insane. I bet it would be $400 to fill the cart. That's not inflation thats a scam.

That's OK, they'll just raise prices more to make up for the falling consumption! /s

Remember, the only two nations to vote against food -- FOOD being a human right at the UN a few years ago were... the USA and Israel.

We have scaled back significantly on our grocery purchases within the past month. No snacks, only stuff that's on sale, beef products very rarely (because it's fucking expensive now) and fewer items overall. Even after all that it comes to around $80 per trip. But we are now losing money due to our power and water bills getting jacked up so we are looking into cutting back even more.

This is because of all the people who just got kicked off food stamps because of the big beautiful bill

Won't someone think of the shareholders???

Have they tried paying people more?

People can't afford to buy food? Please think about poor Nestlé, they might make slightly less profit this year.

Probably doesn't help that some of the food can give you weeks long explosive diarrhea.

Shoppers are buying fewer items than a year ago, and grocery sales are declining as weakening unit sales are now outweighing rising prices.

You maximize profit by raising prices until the units sold fall to the point where prices * units falls below the peak. The peak is where profit is maximized. It seems they've reached it. For the next little while they'll keep on cutting costs to grow profits. Recipe reformulations with fewer and cheaper ingredients, cheaper substitutions, more soy and water in the sausages, and other general quality reductions.

I suck at math but even I know that stagnation of wages + increase in cost of rent + increase in cost of food = bad times.

Wages continue to stagnate or people are being laid off left right and center and these knuckleheads are all shocked pikachu face that no one is buying while continuing to raise prices?

In Canada we are spending like 120% of our income on groceries and it isnt just the inflation but the compounding shrinkflation with climate crisis causing inclement weather that means crop insecurity...

It aint looking good and at this point companies are going to have to realize they cant profit if nobody has any money to spend

Fuck anyone who makes millions off of basic human rights

[ drops SM-58 mic ]

[ the floor breaks ]

Pressure to bring prices down right? Less demand means lower prices right? The free market is a lie

These grocery stores have been locking up a lot of items as well further shooting themselves in the foot because they refuse to look long term.

You mean those same food companies that literally were found guilty of price fixing and then got a slap on the wrist, which was the best that we could do under the law, for manufacturing scarcity and screwing Americans over?

Pressure on those food companies?

That's one way to solve the obesity epidemic...

Starting to think if prices go up ozempic starts to become cost effective

The same greedy bastard would charge us for oxygen if they could. I am middle of the middle class and my grocery shopping has changed dramatically thanks to the shareholders and executives making life more difficult.