Comment on Casual reminder

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octopus_ink@lemmy.ml ⁨3⁩ ⁨months⁩ ago

Supply chain constraints were industry wide, and when the order expired, prices went up far past standard inflation.

Just a reminder to folks emphasizing that retailers used that as cover for corporate greed, and a lot of it was lies. Various links:

dailymontanan.com/…/trade-watchdog-big-retailers-…

nytimes.com/…/grocery-prices-pandemic-ftc.html

news.harvard.edu/…/retailers-have-been-cutting-co…

Great quote from that Harvard one (they called it months before the FTC did, but I think this was clear to anyone buying basic goods):

HBS research suggests firms have held off lowering them because it appears consumers got used to paying more

The FTC report that is the basis for the first three links above: ftc.gov/…/ftc-releases-report-grocery-supply-chai…

And don’t get me started on shrinkflation.

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