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NBC says that Wal-Mart's "Great Value" products should be used to measure food inflation and not brand names.
The establishment media elites will do anything to make Biden's inflation rate lower.
First, the Wall Street Journal suggested skipping breakfast to save money and now NBC wants brand-names to be substituted with store-brands to lower the inflation rate.
Status:
"I don't understand. But I don't care, so it works out."
(set 11 days ago)
35,637 posts, read 17,989,189 times
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Does that not make sense? If Walmart Great Value foods can maintain a constant pricing structure throughout this food inflation, why is that not something interesting to look at?
I have seen some SHOCKING rises in brand name, and convenience and luxury foods in the grocery store, but the off-brand foods and very basic staples have been relatively constant.
Does that not make sense? If Walmart Great Value foods can maintain a constant pricing structure throughout this food inflation, why is that not something interesting to look at?
I have seen some SHOCKING rises in brand name, and convenience and luxury foods in the grocery store, but the off-brand foods and very basic staples have been relatively constant.
Why is that not worth noting?
Are off brand foods more consistent? Name brands have a consistent fixed price, slightly under fixed price or depending on the product they might go out and source it it from questionable third parties.
Seeing as how WalMart, or any food retailer with house brands, gets their products from the name brand producer (Del Monte, for example), although usually of lesser quality (store brand cashews have more pieces than half and whole nuts, for example. Or the green beans are smaller, less held together with more stems) the prices there have gone up also.
Inflation will impact store brands just like it does the name brands.
Typical scam.
Should be used to this crap by now with this administration.
It’s like being in a blizzard in NY and using FL weather forecast to say “what? Ain’t so bad out”
ok, i buy walmart white bread which until a few months ago was 99 cents a loaf, A good deal now it has shot up to 1.32. still cheap but thats a 30% increase. As someone who actually buys Great Value products their prices have gone up significantly. Still cheaper then the brands but the percentage increase has been at least as bad. This NBC person has likely never brought Great Value. I know friends who are Elitist about it and wont touch the brand. But I am cheap, I always try the store brand first and if i like it I will buy it if not it goes on the dont touch it list. It's not a bargain if it sucks.
Does that not make sense? If Walmart Great Value foods can maintain a constant pricing structure throughout this food inflation, why is that not something interesting to look at?
I have seen some SHOCKING rises in brand name, and convenience and luxury foods in the grocery store, but the off-brand foods and very basic staples have been relatively constant.
Why is that not worth noting?
If you want to make an average use that which has average prices. If you want to make it seem low use the lowest prices. However many people aren't doing what Biden said and switching to generic Raisin Bran.
Status:
"I don't understand. But I don't care, so it works out."
(set 11 days ago)
35,637 posts, read 17,989,189 times
Reputation: 50679
Quote:
Originally Posted by lookingaround12345
If you want to make an average use that which has average prices. If you want to make it seem low use the lowest prices. However many people aren't doing what Biden said and switching to generic Raisin Bran.
I can see that, but if you talk about inflation I think you need to talk about REAL inflation, that is when manufacturers have to raise their prices for products because costs have gone up.
Some items, the prices are just raised willy nilly because the manufacturers are taking advantage of this and can just get away with selling their products way above their prior cost structure.
I've never in my life been in a grocery store with my list and looked at an item on the shelf and said, "I'm not going to pay that" the way I do now. Say, for pasta or soup. And then just looking around the shelf I can find a different pasta, or a different soup, that's still within the normal inflation scale.
Some companies are just seeing what they can possibly get away with, IMHO. But that's not a real reflection of the economy.
Are off brand foods more consistent? Name brands have a consistent fixed price, slightly under fixed price or depending on the product they might go out and source it it from questionable third parties.
It is not that. A sudden change from name brand to generics will cause a one-time but permanent drop in prices, so inflation appears to be reduced. Afterward, you have a new lower floor from which to compare. So at least for a few years, inflation would appear to be lower say "since 2019". Enough to get you to the next election anyway.
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