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Reply to "Are food prices (especially on staples) ever coming back down at all?"
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[quote=Anonymous]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. [/quote]
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