Examples of Inflation Easing--Add Yours!

[CaptTom]

This goes at least a little way toward restoring my faith in humanity.

I've been wondering whether consumers would ever balk at shrinkflation. It's taken a long time, and I still wonder if we'll ever see it. But this is a glimmer of hope.

Interesting that it should hit snack foods first. I always thought most people treat those as "money is no object" purchases. It would be nice of someone else beside me looked at the prices on those bags of chips and thought "no way am I paying THAT!"

 

[GenXguy]

This goes at least a little way toward restoring my faith in humanity.

I've been wondering whether consumers would ever balk at shrinkflation. It's taken a long time, and I still wonder if we'll ever see it. But this is a glimmer of hope.

Interesting that it should hit snack foods first. I always thought most people treat those as "money is no object" purchases. It would be nice of someone else beside me looked at the prices on those bags of chips and thought "no way am I paying THAT!"

I've pretty much exclusively purchase snacks when they are on sale, or get a generic lower priced alternative (also possibly on sale), or Dollar Tree for $1.25. Even ALDI is expensive for chips.

 

[Koolau]

When all else fails, even Pepsi will do the right thing.

 

[Qs Laptop]

​

Target to lower prices on 2,000 items ahead of holiday season​

(Reuters) - Target (TGT) is reducing prices on more than 2,000 items ranging from snacks to toys and cold medicine in an effort to attract bargain-hunting shoppers during the holiday season, the retailer said on Tuesday.

In May, Target lowered prices on at least 5,000 frequently shopped products. It said on Tuesday that it was on track to lower prices on more than 10,000 items by the end of the holiday season.

https://finance.yahoo.com/news/target-lower-prices-2-000-110906612.html

 

[aja8888]

​

Target to lower prices on 2,000 items ahead of holiday season​

(Reuters) - Target (TGT) is reducing prices on more than 2,000 items ranging from snacks to toys and cold medicine in an effort to attract bargain-hunting shoppers during the holiday season, the retailer said on Tuesday.

In May, Target lowered prices on at least 5,000 frequently shopped products. It said on Tuesday that it was on track to lower prices on more than 10,000 items by the end of the holiday season.

https://finance.yahoo.com/news/target-lower-prices-2-000-110906612.html

To keep in concert with the vibe of this thread, a NEW HOME BUILDER in my immediate geographical area just lowered the sale prices of all homes under construction 10% as a "Year End Blowout Sale". Makes the nearby owners feel not so good.

 

[CaptTom]

(Reuters) - Target (TGT) is reducing prices on more than 2,000 items ranging from snacks to toys and cold medicine in an effort to attract bargain-hunting shoppers during the holiday season, the retailer said on Tuesday.

Did they send out press releases when the prices all went up?

Also, are the prices going down by the same 40-100% that they went up recently?

Just curious...

Seriously though, this seems like BS. Or marketing, which is basically the same thing. They took advantage of customers' expectations of inflation to raise prices by considerably more than they needed to. No doubt with the full intention of carrying on this charade if customers balked at that. On the other hand, if they had gotten away with it, and found customers would pay that much, I'm sure they would have kept the higher prices. I know, it's only business as usual. It just seems disingenuous to pretend they're doing us a favor now.

 

[aja8888]

Did they send out press releases when the prices all went up?

Also, are the prices going down by the same 40-100% that they went up recently?

Just curious...

Seriously though, this seems like BS. Or marketing, which is basically the same thing. They took advantage of customers' expectations of inflation to raise prices by considerably more than they needed to. No doubt with the full intention of carrying on this charade if customers balked at that. On the other hand, if they had gotten away with it, and found customers would pay that much, I'm sure they would have kept the higher prices. I know, it's only business as usual. It just seems disingenuous to pretend they're doing us a favor now.

I'll bet part of this advertising BS is related to the upcoming Holiday season advertising. This is the period where these retailers really make out.

 

[JoeWras]

Did they send out press releases when the prices all went up?

LOL!

Now on the other side of the ledger, Marcus sent out notices when savings rates went up. Now that they are going down, they are still sending out notices. That's fairness.

 

[karen1972]

I just got our car insurance renewal and for the 2 cars its $17/month cheaper. I was not expecting that.

 

[Montecfo]

Bought a huge beautiful stalk of celery at Walmart. It was just 98 cents. Never remember it that cheap. Usually $1.20-1.50

 

[JoeWras]

I'm in charge of a repeating remodeling project. I order the same stuff each time.

I'm glad to report that in the last 6 months, my part list from Home Depot was priced exactly the same. This is a contrast to the last few years where it would go up by about 5% every 6 months.

 

[Badger]

For the past 6 months I have been watching the flyer from a major grocery store. This week I found: Avocado- $.69/ea, Pork chops-$.99, Boneless chuck roast-$3.99/lb, Ronzoni pasta-$.99/lb, Frozen Turkey-$.69/lb, Jiffy corn muffin mix-$.69, Duncan Hines cake mix-$2, Campbells soup-$1, Shrimp-$4/lb. Many other selections are available with similar affordable prices at this and a couple of other grocery stores where I shop. If prices are reasonable or low I buy extra if they are more than I am willing to pay I will go somewhere else or wait until the prices is lower. Just like we have done for decades.

 

[FIREd]

I forgot about this thread but I got a great deal on chicken back in September. An almost 4 lb, free range, grain-fed whole chicken on sale for 7.03 euros! Regular price was 10,05 euros but last year that same chicken used to cost me upward of 17 euros. They were around 12 euros before inflation hit. Those chickens were on sale because their expiration date was the following day. My supermarket has a section for discounted soon-to-expire items and they have great deals on meat occasionally. That day I ended up purchasing 2 chickens and I froze them.

This deal was worth mentioning because there are otherwise few signs that prices are coming down. My monthly grocery bill has remained under 300 euros in the last few months, however, because I am cutting the middle man on a lot of products. I now buy most of my cheese, butter, apples, potatoes, tomatoes, wine, olives, and olive oil directly from the farmer or grower. For example I pay 3 euros for a pound of butter (-50% compared to the grocery store), 6 euros for a bottle of good quality Bordeaux wine, and 8 euros per pound aged Comté cheese (about -25% compared to the grocery store).