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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][quote=Anonymous]Supermarkets are among the most competitive industries with the lowest profit margins. [b]Prices are going up because cost of food and labor is going up. It’s that simple. And it's called inflation. [/b] Your options are to put up with it, find a cheaper market, which means going downscale to Walmarts or Aldi, or find a higher paying job. [/quote] Your Econ 101 professor called and wanted your degree back.[/quote] Says the person who's clearly never taken economics nor paid any attention to the last few years. We've had something called significant inflation. Which means everything, including record profits themselves, goes up. I assume even you can figure out how it's easy to have record profits when the value of the money declines while cost of goods and services increases noticeably. Which is why a million today isn't a million 20 years ago. [/quote]
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