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Post by FD1000 on Nov 23, 2023 0:08:26 GMT
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bruce
Lieutenant
Posts: 56
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Post by bruce on Nov 23, 2023 1:14:52 GMT
Food and labor costs for restaurants have risen unprecedentedly over the past few years with no end in sight. Do not expect restaurants to lower prices anytime soon.
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Post by yogibearbull on Nov 23, 2023 1:38:47 GMT
If %change is still positive, but lower, it means that the rate of price growth has slowed, but not that prices fell. A common myth is that lower inflation would lead to lower prices - it won't. Fido chart heading is wrong - someone should point that out on the Fido Investor Community.
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Post by Chahta on Nov 25, 2023 23:14:52 GMT
if food has gone down I am not sure which items have. It seems food is still very high. But there is a hidden component. The manufacturers put less in the box and hold or lower the price. It is still a price increase no matter what since $$/weight goes up. |
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Post by FD1000 on Nov 26, 2023 5:22:35 GMT
The food basket is still up but several items were down. A dozen eggs are down over 50% from the top, beef is down over 20%, and milk is down too. These are staples.
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Post by newtecher on Nov 26, 2023 16:49:57 GMT
if food has gone down I am not sure which items have. It seems food is still very high. But there is a hidden component. The manufacturers put less in the box and hold or lower the price. It is still a price increase no matter what since $$/weight goes up. Avocados and apples back to pre-pandemic prices. Eggs way down from the bird-flu peak, as FD noted. Even smoke salmon at Trader Joe's is back to where it was before the pandemic. To be clear, most things are still up and holding steady or continuing to increase but some items are definitely showing deflation. |
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Deleted
Deleted Member
Posts: 0
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Post by Deleted on Nov 26, 2023 21:20:11 GMT
I was charged for tap water at my last restaurant visit. It wouldn't surprise me to see new junk fees in the future instead price increases. Other industries get away with it, why wouldn't restaurants follow?
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Post by gman57 on Nov 26, 2023 23:30:54 GMT
I was charged for tap water at my last restaurant visit. It wouldn't surprise me to see new junk fees in the future instead price increases. Other industries get away with it, why wouldn't restaurants follow? They're already doing it. I've noticed a "credit card" charge recently at more than one place. Pay with credit card and you pay an extra fee. |
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Post by Chahta on Nov 27, 2023 1:56:27 GMT
if food has gone down I am not sure which items have. It seems food is still very high. But there is a hidden component. The manufacturers put less in the box and hold or lower the price. It is still a price increase no matter what since $$/weight goes up. Avocados and apples back to pre-pandemic prices. Eggs way down from the bird-flu peak, as FD noted. Even smoke salmon at Trader Joe's is back to where it was before the pandemic. To be clear, most things are still up and holding steady or continuing to increase but some items are definitely showing deflation. I tend to agree with you on the “fresh” foods you mentioned. Processed and baked items I see no deflation. Items that use more labor will never go back down much. Sellers can’t take back wage increases so easily. |
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Post by johntaylor on Nov 29, 2023 14:34:58 GMT
Yesterday, at a grocery store for the week, 300 bucks vanished like magic
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