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Reply to "Grocery inflation is out of control - stores seeing what they can get away with?"
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[quote=Anonymous][quote=Anonymous]It generally isn’t the grocery stores, it is the individual brands. The grocery stores don’t want to sell a 12-pack of coke at $7.99 (or higher!) but the Coca-Cola corporation wants them to.[/quote] Following this: https://www.cnbc.com/amp/2023/07/26/coca-cola-says-its-done-raising-prices-in-us-europe-this-year.html For two years, Coca-Cola has been raising prices on its drinks to combat higher costs. But the company said Wednesday it's done hiking prices this year in developed markets like the U.S. and Europe. Coke follows the lead of rival PepsiCo, which said in February it wouldn't raise prices beyond its usual hike for beverages in the fourth quarter. [b]Both companies have reported strong sales growth thanks to higher prices, but consumer demand has weakened, although not as much as expected.[/b] They raise prices until people stop buying. That isn’t happening.[/quote]
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