Supermarket prices are out of control (Still)

[JHF1870]

I don't usually do the shopping but I did today and I was absolutely flawed by the inflation from between 18 months and two years ago.
This was at Foodland in SA so not either of the major chains.

I used to pay $5.49 for 4 apple scrolls, now $8.99
Villis pies up from $5.5 to $6.5
Maxibons supposedly on special for $8.50 when I used to get them for $4.5 and were about $7 regular price

Nearly every single ice cream item in the freezer section is super inflated in price. In just 12 months, Connoisseur Ice cream up from $9 to $10.50

I could go on and on. Now I didn't buy a single one of those items (Not just due to the price, but I was buying other more practical items for me) but how has inflation in the supermarket become out of control?

Can anyone tell me whether the supermarkets are increasing profit margins and how much the suppliers have a role to play in the increase in prices. (Don't laugh)

I get how capitalism works and post Covid, companies have optimized their pricing to gouge as much out of us as possible. My last company learned the hard way about jacking up prices as it lost them a heap of trades people.

We collectively need to stick the middle finger up at these campaigners and refuse to pay the prices.

 

[Power Raid]

I don't usually do the shopping but I did today and I was absolutely flawed by the inflation from between 18 months and two years ago.
This was at Foodland in SA so not either of the major chains.

I used to pay $5.49 for 4 apple scrolls, now $8.99
Villis pies up from $5.5 to $6.5
Maxibons supposedly on special for $8.50 when I used to get them for $4.5 and were about $7 regular price

Nearly every single ice cream item in the freezer section is super inflated in price. In just 12 months, Connoisseur Ice cream up from $9 to $10.50

I could go on and on. Now I didn't buy a single one of those items (Not just due to the price, but I was buying other more practical items for me) but how has inflation in the supermarket become out of control?

Can anyone tell me whether the supermarkets are increasing profit margins and how much the suppliers have a role to play in the increase in prices. (Don't laugh)

I get how capitalism works and post Covid, companies have optimized their pricing to gouge as much out of us as possible. My last company learned the hard way about jacking up prices as it lost them a heap of trades people.

We collectively need to stick the middle finger up at these campaigners and refuse to pay the prices.

This has been a f up decades in the making.

1) we transitioned to a high cost energy country losing our global competitiveness of low cost. we are now celebrating slightly lower costs than peak but we are paying a price for poor policy and moving too early.
2) we print money and bail out the rich every time the economy catches a cold. the result is the rich made money during the GFC and the pandemic and the poor and ordinary are paying for it. this is the price of fearing a recession, often a recession we had to have.
3) we locked up people during covid, when the only people we should have locked up were the sick and elderly. ie. strong healthy blokes should have continued building houses as they were never vulnerable and not working in close proximity to each other. The cost is a lack of housing stock reducing supply of residential and commercial property.
4) we stopped immigration during covid when we should have continued as per normal (with a slight decrease). we then tried to catch up by bringing in 1 million people asap and the result is increased demand of property on top of a decreased supply.

in short we are dumb on energy, we are dumb on immigration, dumb on building regulations and land releases and dumb on printing money.

the only consistent theme is we change gear too hard and too fast on policy rather than look for a smooth long term strategy and execution of strategy.

 

[CM86]

This has been a f up decades in the making.

1) we transitioned to a high cost energy country losing our global competitiveness of low cost. we are now celebrating slightly lower costs than peak but we are paying a price for poor policy and moving too early.
2) we print money and bail out the rich every time the economy catches a cold. the result is the rich made money during the GFC and the pandemic and the poor and ordinary are paying for it. this is the price of fearing a recession, often a recession we had to have.
3) we locked up people during covid, when the only people we should have locked up were the sick and elderly. ie. strong healthy blokes should have continued building houses as they were never vulnerable and not working in close proximity to each other. The cost is a lack of housing stock reducing supply of residential and commercial property.
4) we stopped immigration during covid when we should have continued as per normal (with a slight decrease). we then tried to catch up by bringing in 1 million people asap and the result is increased demand of property on top of a decreased supply.

in short we are dumb on energy, we are dumb on immigration, dumb on building regulations and land releases and dumb on printing money.

the only consistent theme is we change gear too hard and too fast on policy rather than look for a smooth long term strategy and execution of strategy.

Everything in this post is wrong.

Even during the periods of time where most of these statements were at their peak, this information was readily disputed.

This kind of post and poster is evidence as to why censorship on social media is required.

 

[Forward Press]

Everything in this post is wrong.

Even during the periods of time where most of these statements were at their peak, this information was readily disputed.

This kind of post and poster is evidence as to why censorship on social media is required.

It conveniently leaves out possibly the biggest driver of high prices - the insatiable demand by shareholders for monstrous record profits. During last year's cost of living crisis, both Coles (Wesfarmers) and Woolworths achieved record profits in excess of $1b. Even prompted a refreshingly bipartisan attack by politicians on their conduct when the average family was struggling.

But yeah, let's blame the immigrants, COVID restrictions and greenies.

Anyway, maybe too much SRP into General Discussion so I'm now unwatching this thread after having my say.

 

[Power Raid]

It conveniently leaves out possibly the biggest driver of high prices - the insatiable demand by shareholders for monstrous record profits. During last year's cost of living crisis, both Coles (Wesfarmers) and Woolworths achieved record profits in excess of $1b. Even prompted a refreshingly bipartisan attack by politicians on their conduct when the average family was struggling.

But yeah, let's blame the immigrants, COVID restrictions and greenies.

Anyway, maybe too much SRP into General Discussion so I'm now unwatching this thread after having my say.

who is blaming immigrants? In my post I said we should not have stopped immigration during covid. I did say we shouldn't have allowed 1M in a short period when our intakes are normally 250k per annum

can you provide a profit % change based on turn over

 

[CM86]

who is blaming immigrants?

You.

we shouldn't have allowed 1M in

This is you blaming them.

You're pointing out that you are probably viewing the majority as asylum/refugee etc. As in brown or black.
And you view them as subhuman, so it's not their fault... it's the fault of the people who allowed these 'subhumans' into our country.

So technically, you're not blaming 'immigrants' for the outcome you align with immigration... You're blaming the people who let the brown people into 'our country'...

can you provide a profit % change based on turn over

Can you **** off until you provide any actual evidence for your original statements?

And I'm not asking for implications or vague assertions. I don't want correlations. I don't want pages worth of back and forth to distract from your original claims.

I want clear, existing evidence to support or substantiate your original claims.
Or
I want you to **** off.

 

[Sinjin Smith]

You.


This is you blaming them.

You're pointing out that you are probably viewing the majority as asylum/refugee etc. As in brown or black.
And you view them as subhuman, so it's not their fault... it's the fault of the people who allowed these 'subhumans' into our country.

So technically, you're not blaming 'immigrants' for the outcome you align with immigration... You're blaming the people who let the brown people into 'our country'...


Can you **** off until you provide any actual evidence for your original statements?

And I'm not asking for implications or vague assertions. I don't want correlations. I don't want pages worth of back and forth to distract from your original claims.

I want clear, existing evidence to support or substantiate your original claims.
Or
I want you to **** off.

Damn,

I don't agree with his post either but you are making some pretty decent racial slurs he actually didn't make. I reckon you have gone too far assuming he thinks anyone who isn't white is sub human.

 

[CM86]

Damn,

I don't agree with his post either but you are making some pretty decent racial slurs he actually didn't make. I reckon you have gone too far assuming he thinks anyone who isn't white is sub human.

Sure, please call them out, and make me address my points.

What racial slur did I actually make?

 

[Sinjin Smith]

Sure, please call them out, and make me address my points.

What racial slur did I actually make?

Nah sorry not you. Definitely not accusing you of making a racial slur, was going on your response to the other poster, I don't think he made it racial either.

Apologies....long Monday.

 

[Cruyff14]

Connoisseur ice cream is $12 in Vic.

 

[Cleavy]

Connoisseur ice cream is $12 in Vic.

never pay full price for that. always stock up when it's $6

 

[Power Raid]

You.


This is you blaming them.

You're pointing out that you are probably viewing the majority as asylum/refugee etc. As in brown or black.
And you view them as subhuman, so it's not their fault... it's the fault of the people who allowed these 'subhumans' into our country.

So technically, you're not blaming 'immigrants' for the outcome you align with immigration... You're blaming the people who let the brown people into 'our country'...


Can you **** off until you provide any actual evidence for your original statements?

And I'm not asking for implications or vague assertions. I don't want correlations. I don't want pages worth of back and forth to distract from your original claims.

I want clear, existing evidence to support or substantiate your original claims.
Or
I want you to **** off.

you're off your meds again.

My post suggested we SHOULD NOT have reduced immigration numbers during covid and thus we would not have needed to bring in so many (who need accommodation), thus increasing demand just after a dumb period where we stopped building houses thus decreasing supply.

My family are boat people and my wife is one of those brown or black people you refer to and who you labelled as subhuman. That's pretty disgraceful language.

I'm happy to provide any specific support for my assertions but not if you're off your meds and making disgraceful comments about immigrants, brown or black people.

 

[Cruyff14]

never pay full price for that. always stock up when it's $6

Yeah it was on sale this week, 2 for $12 so grabbed some.