FOG BLOG RIDICULOG: INQUIRY INTO HIGH GROCERY PRICES AND RECORD PROFITS OF THE GROCERY GIANTS!
THERE IS AN INQUIRY INTO THE BIG GROCERY GIANTS LIKE LOBLAWS, SOBEYS/ SAFEWAY & METRO. THE REPRESENTATIVES WILL TELL YOU THE HIGHER PRICES ARE JUSTIFIED BECAUSE OF SUPPLIER ISSUES AND THE COST OF TRANSPORT, EVEN MINIMUM WAGE INCREASES BEING A FACTOR. SO HOW COME THESE COMPANIES ARE EARNING RECORD QUARTERLY PROFITS? MY ANSWER TO THIS IS THAT THE 6% WE WERE TOLD ABOUT WAS A VERY LOW ESTIMATE AND WHEN I CRUNCHED SOME NUMBERS SOME THINGS WERE GOING UP EXPONENTIALLY . SOME ITEMS WERE UP BY 20, 40, 75 AND EVEN 100%. THIS ISN'T GROCERY BUT RECENTLY I CALCULATED THAT FROM 2000 TO 2015 MY HAIRCUT INCREASED BY 23% IN THAT SPAN THEN THE NEXT 7 IT WENT UP 46%, I WOULD CALL THAT INFLATION. THAT WORD IS USED FREQUENTLY WHEN IT COMES TO GROCERY PRICES. I UNDERSTAND THAT COSTS OF DELIVERING THE GOODS WE BUY AT THE STORES HAS GONE UP BUT ITS GOUGING WHEN YOU SAY PROFITS ARE UP! THEY CAN MAKE MONEY AND STILL MAKE IT AFFORDABLE FOR US TO BUY GROCERIES. TODAY IN WALMART......WITH THEIR TAG LINE......SAVE MONEY , LIVE BETTER.......COACHMAN WEINERS , THESE ARE A BRAND NAME BUT NOT TOP OF THE LINE AND THE PRICE, MY JAW DROPPED......$5.99 FOR 10. THAT IS OUTRAGEOUS AND WHAT IS SUPPOSED TO BE A DISCOUNT STORE TO BOOT. I HOPE THE OUTCOME IS THAT THEY SEE THE GROCERY STORES ARE GOUGING AND THEY DO SOMETHING ABOUT IT AND WE GET SOME RELIEF IN PRICES!
Comments