HEY GUYS THIS IS STEFANIE
THIS IS ANDRE
AND THIS IS TABLE FOR FOUR: A FAMILY CONVERSATION PODCAST
Welcome to our Live Sessions with the podcast where we talk about different stories and topics in the headlines for the week and everything else in between.
What is skimpflation?
And now, the new term is “skimpflation,” where brands are reformulating their products with cheaper ingredients to reduce manufacturing costs while—you guessed it—keeping prices the same. For example, it's been reported that one brand has replaced real almonds with almond flavoring
VIDEO- https://youtu.be/OEfvfIoIq7E
What is greedflation?
Greedflation (uncountable) (economics, neologism) Price gouging by corporations during an inflationary period, especially when the underlying cost of production has not risen accordingly.
What is shrinkflation?
Shrinkflation is the practice of reducing the size of a product while maintaining its sticker price. Raising the price per given amount is a strategy employed by companies, mainly in the food and beverage industries, to stealthily boost profit margins or maintain them in the face of rising input costs.
KEY TAKEAWAYS
* Shrinkflation is the reduction in the size of a product in response to rising production costs or market competition.
* Rather than increase the price of a product, the company simply offers a smaller package for the same sticker price.
* Raising the price per given amount is a strategy employed by companies, mainly in the food and beverage industries, to stealthily boost profit margins.
* Changes are minimal and limited to a small range of products, yet are still enough to make accurate measures of inflation more difficult to gauge.
* Shrinkflation runs the risk of turning customers away from a product or brand if they notice they are getting less for the same price.
ARTICLE: https://www.investopedia.com/terms/s/shrinkflation.asp
ARTICLES and INFORMATION
Inflation calculator if you are curious to find out what these prices are going?
https://www.usinflationcalculator.com/
Did you know about the price increase on Arizona Ice Tea?
Article:
https://www.snopes.com/fact-check/did-price-of-arizona-iced-tea-increase/
What is up with the price of eggs? the concern is there is virus killing off the chickens?
Article
https://www.usatoday.com/story/money/food/2023/01/18/egg-prices-avian-flu-inflation/11067700002/
How much do eggs cost?
The price of eggs jumped 11% in December from the month before, according to Consumer Price Index data. The average price for a dozen large Grade A eggs in December hit $4.25, up from $1.79 the year before, according to the U.S. Bureau of Labor Statistics.
Why are eggs so expensive?
Three reasons: an increase in holiday demand, higher production costs for farmers, and an outbreak of bird flu, a highly contagious virus that can be fatal to poultry such as chickens and turkeys.
CRASH COURSE LINK _ the 2008 Financial crisis?
Video: https://youtu.be/GPOv72Awo68 explains
THE BIG QUESTION IS: WILL OR CAN THIS HAPPEN IN 2023?
What are your thoughts? Comments? Concerns?
THE DOOMSDAY CLOCK
A time of unprecedented danger: It is 90 seconds to midnight
https://thebulletin.org/doomsday-clock/
