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re: The US BLS has announced that coffee prices will no longer be factored into CPI inflation
Posted on 5/12/24 at 3:42 pm to LegendInMyMind
Posted on 5/12/24 at 3:42 pm to LegendInMyMind
quote:
Reckon why coffee prices have increased so much?
Just like every other corporation, they aren't going to lose their profits due to what they are having to pay for everything. They just pass that
expense to the consumer. It's up to the consumer to stop buying it and for whatever reason we just can't seem to do that. This is true with coffee, cars, everything.
Posted on 5/13/24 at 12:00 am to Beessnax
quote:
Just like every other corporation, they aren't going to lose their profits due to what they are having to pay for everything. They just pass that expense to the consumer. It's up to the consumer to stop buying it and for whatever reason we just can't seem to do that. This is true with coffee, cars, everything.
I think there’s definitely some cuts being made but the issue is everyone has different priorities. The coffee cut I may be willing to make owlie may not where the restaurant cut he’s willing to make I may not. When you factor in this is a country of a third of a billion people and the amount of people making cuts in products like coffee vs cutting something else or (like an unfortunate large amount of people) supplementing with credit it’s probably not enough of a dent that price increases can’t cover.
Unfortunately I fear we’re in a runaway train ride that ends off a large cliff but who knows when that comes. everytime it seems we’re getting close it seems like the cliff somehow moves alittle further away.
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