Panhandle of Ne. | wade garrett - 2/27/2021 12:25
I have to disagree
Are her predictions way out, yes.
But
In last 90 days plastice resin has gone up 115%
Fuel is going to be 100% in 3 months
And every other raw material is skyrocketing.
Inflation affects raw goods first. First sign of hyper Inflation. Furthermore, what is there, 25c of corn in a box of corn flakes, if that goes up to 50c, thats still hardly 10% of the total product cost.
Were so used to being low margin we cant fathom actually making money or selling a product for what the market would actually pay.
Mix in low supplies, bad weather. Wars, lack of food inventory......
Shes crazy....
But i could believe it
I'm not saying I believe it or not, but, you are correct. Price of groceries shouldn't go up that much. But, they will use any excuse they can to raise the price of food. Look at summer of last year. |