I was sitting in car with my wife and said exactly this. Why are we paying 25%-40% more for food? I said if 3 years ago there were 20 bottles of hot sauce on the shelf and the price was 30% cheaper, shouldn't there be 10 bottles on the shelf today if the price is so high? Makes no sense. I said price is adjusted by supply and demand and inflation. If the supply is low, the price goes up. Clearly, we don't have a supply issue. This is all inflation and manufactured fear.
I was sitting in car with my wife and said exactly this. Why are we paying 25%-40% more for food? I said if 3 years ago there were 20 bottles of hot sauce on the shelf and the price was 30% cheaper, shouldn't there be 10 bottles on the shelf today if the price is so high? Makes no sense. I said price is adjusted by supply and demand and inflation. If the supply is low, the price goes up. Clearly, we don't have a supply issue. This is all inflation and manufactured fear.
And I seriously doubt a host of new consumers are snapping up that hot sauce, because again, there would be less on the shelf.