How about inflation as well?
$43.99. That’s the price for “12 pieces of delicious flame-grilled chicken, three sides to choose from, warm tortillas and fresh salsa.” El Pollo LocoAt least, that’s according to one online influencer.
(I checked the price of the same dish at a local franchise in my neighborhood outside of Los Angeles and it was $41.79, so prices do vary a bit.)
As the political world debates whether Joe Biden will actually become the Democratic nominee, many Americans are facing a new reality. Fast food is no longer synonymous with cheap food.
We see Bidenflation all around us every day in new forms.
Walmart last month roll out Digital shelf labels – that way you can raise prices more easily. The explanation for this new technology may be hard to believe until you see it in action. “Not only will this improve efficiency and customer satisfaction, it will also help us incorporate sustainability into our work, in this case reducing waste in our operations,” wrote Daniella Boscan, a “team lead manager” at Walmart. “We are excited about the positive impact this innovation will have on our operations and the environment.”
Ah, it’s not about protecting the environment. extort money from customers…And that will increase “customer satisfaction.”
I agree.
Wendy’s It also rolled out a similar strategy, pitching its loyal customers “dynamic pricing,” a corporate term for Charge as much as you can on that dayOnce it became clear that consumers were seeing through the lies, they backed off.
To those in the media desperate to convince you that prices are “stable,” if you consider that a coincidence; Digitally Controlled Price Tag is now attracting attention.
Another problem for the “stabilization” camp ShrinkflationThe price remains the same but the size/quantity decreases.
Shrinkflation chipotle pepper Recently, a customer, a citizen journalist, pulled out his camera. document To cut off a portion.Thanks to CNBC Thank you for reminding me of this.
All this comes as chicken prices soar. Everyone suffers.
Consumer credit card debt on the rise
Consumer Credit Card Debt Rapid increase This is especially bad news considering that overall credit card revolving debt fell in May for the first time since the pandemic. Total consumer credit increased According to the Federal Reserve, the U.S. stock market rose to $11.3 billion in May, up $6.5 billion from the previous month. The Wall Street Journal It predicted a profit of $8 billion.
Non-revolving debt also increased in May.
Of course, the question is why that figure was so high. Traditionally, borrowing is an indication of confidence in future income. But is that the case here? Given that household budgets are increasing month over month (as they would be in times of inflation), and that the APR is Rapid increase Record levels of Americans Borrowing for credit or simply to earn a living?
It’s the latter we fear, and if so, it’s only a matter of time. The entire financial system will collapseI hope that doesn’t happen.
Together Republican National Convention Just a week later, Trump’s party released its platform on Monday. What’s Included Tax cuts. Sounds good.
June Consumer Price Index It was released on Thursday, Producer Price Index The data is due out on Friday, and those numbers, combined with last week’s (to put it charitably) mixed jobs data, will give us a clear picture of the state of the economy, which will allow us to make some inferences about whether the Fed is likely to cut interest rates this year, or even whether it will actually do so.
