3 ms·
That’s an astonishing number. Wouldn’t that be more than enough to cause a decrease in grocery prices?
by eranation 9mo ago
That’s an astonishing number. Wouldn’t that be more than enough to cause a decrease in grocery prices?
- Traubenfuchs 9mo agoYour assumption of the existence of a grocery market competing on price might be wrong.
- eru 9mo agoIf they aren't competing on price, what were they competing on to have Wal-Mart take over so much market share? Did people just switch to shopping at Wal-Mart because they like the greeters? And what about Aldi and Lidl? Why do people put up with these weird German hard discounters, if not for lower prices?
- mpyne 9mo agoThere are other major factors also influencing grocery prices, such as tariffs. It may because that was are seeing a significant influence on price, but one that is counteracted by other influencers.
- eru 9mo agoIt depends on how elastic grocery prices are. And so far it's 5.3% reduction in the spending of <16% of households on the drug for a total reduction of less than 1%. Compared to eg tariffs and general inflation, that's a bit hard to distinguish from noise.