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> it’s crazy eggs and steak are this expensive In supermarkets I noticed a surplus on top of inflation, and my thought was that people would swallow that becau
by rapnie 4y ago
> it’s crazy eggs and steak are this expensive
In supermarkets I noticed a surplus on top of inflation, and my thought was that people would swallow that because their reference frame for proper pricing was out the door. So they wouldn't notice the surplus, blaming all to inflation. And subsequently getting used to new above-inflation levels as their new reference.
I'd also guess we get supermarket price wars, when inflation get under control, whereby the supermarkets keep their extra margins and pressure the supply chain below to get prices down.
- balderdash 4y agoAgree, my point is more that when your personal net worth is +30% there is a very different willingness to absorb a 20% increase on your weekly grocery bill than when your net worth is -30%