Apologies for the imprecise statement, "Greedflation visible in grocery stores" would have been better. With the possible exception of grocery house brands, greedflated pricing was mostly set by grocery suppliers. As TFA noted, some grocery house brands have gained customers due to competitive pricing against branded suppliers.
> food and commodities businesses Kraft Heinz, Archer-Daniels-Midland and Bunge all saw their profits far outpace inflation ... Four food companies – the listed suppliers Archer-Daniels-Midland and Bunge, plus the privately owned Cargill and Dreyfus – control an estimated 70%–90% of the world grain market.
Edit: thanks for the 3 data points. Will look for further analysis, beyond the 1350 companies in the study linked above. My only counterpoint is that grocery house brands and profit margins have been relatively stable, while some branded competitors have spiked prices. In theory, all should be subject to comparable labor and energy cost changes. I have also seen spiked prices inching back downwards on some groceries, in series with varying discounts, implying demand testing.
Apologies for the imprecise statement, "Greedflation visible in grocery stores" would have been better. With the possible exception of grocery house brands, greedflated pricing was mostly set by grocery suppliers. As TFA noted, some grocery house brands have gained customers due to competitive pricing against branded suppliers.
https://www.theguardian.com/business/2023/dec/07/greedflatio...
> food and commodities businesses Kraft Heinz, Archer-Daniels-Midland and Bunge all saw their profits far outpace inflation ... Four food companies – the listed suppliers Archer-Daniels-Midland and Bunge, plus the privately owned Cargill and Dreyfus – control an estimated 70%–90% of the world grain market.
Edit: thanks for the 3 data points. Will look for further analysis, beyond the 1350 companies in the study linked above. My only counterpoint is that grocery house brands and profit margins have been relatively stable, while some branded competitors have spiked prices. In theory, all should be subject to comparable labor and energy cost changes. I have also seen spiked prices inching back downwards on some groceries, in series with varying discounts, implying demand testing.