Are food prices (especially on staples) ever coming back down at all?

[Anonymous]

Anonymous wrote:There were a bunch of articles quoting CEOs on earnings calls being very direct that they will keep raising prices until demand staves off. It’s an extreme version of the sticky price concept. Prices go up due to a supply side issues, consumers are willing to pay the high price, supply side problem goes away, prices stay up and new profit margin norm is established.

Until there s enough competition willing to do volume with lower prices ver higher prices/ lower volume then consumers are stuck. The mass consolidation of food distributors and processors is really screwing everyone.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Just spent $7 on flour (used to cost $4-5) and $9 on butter (used to cost $6-7). And these were standard brands from Harris Teeter (King Arthur flour, house brand butter) -- nothing fancy.

Is this stuff ever coming back down? Eggs are better than they were for a while but still more expensive than pre-Covid. I was making a special cake for a family birthday so I don't mind too much, but when you combine that with the ingredients I expect to be pricier anyway (chocolate, vanilla, etc.), it's a lot of money for a homemade cake.

I thought the government was working on addressing inflation for food staples, in particular. Did we just give up? Do I need to permanently adjust my thinking on food costs? Our incomes have not gone up 30-40% in the last three years, so continuing to see these prices is kind of exhausting.

The Democrats wanted to address price gouging by businesses - which, guessing by profits lately is exactly what this is - and the GOP blocked it. Vote accordingly.

[Anonymous]

where are you buying this expensive flour?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Just spent $7 on flour (used to cost $4-5) and $9 on butter (used to cost $6-7). And these were standard brands from Harris Teeter (King Arthur flour, house brand butter) -- nothing fancy.

Is this stuff ever coming back down? Eggs are better than they were for a while but still more expensive than pre-Covid. I was making a special cake for a family birthday so I don't mind too much, but when you combine that with the ingredients I expect to be pricier anyway (chocolate, vanilla, etc.), it's a lot of money for a homemade cake.

I thought the government was working on addressing inflation for food staples, in particular. Did we just give up? Do I need to permanently adjust my thinking on food costs? Our incomes have not gone up 30-40% in the last three years, so continuing to see these prices is kind of exhausting.

The Democrats wanted to address price gouging by businesses - which, guessing by profits lately is exactly what this is - and the GOP blocked it. Vote accordingly.

As if spending more solved inflation 😂