Currently browsing posts about: Prices

I received an emailed announcement alerting me to today’s big event: It’s National Peanut Brittle Day, “a day dedicated to honoring one of our favorite uniquely American treats.”

Who knew?

The press release continues with some not-so-sweet news:  peanut brittle is yet another victim of inflation.

The chart shows the cost of the raw ingredients in peanut brittle has increased by nearly 18% — from just under $0.38 per pound in early 2021 to nearly $0.46 cents today.

Other cost increases: transportation, energy, labor add up to “a recipe for expensive candy!”

A strange press release, but an interesting commentary on what’s happening with prices.

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Let’s start with this good thought:

The Farm Bureau has released its annual survey of the cost of Thanksgiving dinners, and the results will not surprise anyone who has been to a grocery store lately: up by a whopping 20%.

Food Politics will be back on Monday.  Enjoy the holiday!

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The headline says it all: Kroger to acquire Albertsons for $24.6bn solidifying its position as #2 grocery retailer with 11.8% market share.

This will make Kroger second only to Walmart’s 17.1% share.

Take a look at what this means.

The Kroger Co. Family of Stores

• Baker’s
• City Market
• Dillons
• Food 4 Less
• Foods Co
• Fred Meyer
• Fry’s
• Gerbes
• Jay C Food Store
• King Soopers
• Kroger
• Mariano’s
• Metro Market
• Pay-Less Super Markets
• Pick’n Save
• QFC
• Ralphs
• Ruler
• Smith’s Food and Drug

Now add in the Albertsons Companies’ Family of Stores

• Albertsons
• Safeway
• Vons
• Jewel-Osco
• Shaw’s
• Acme
• Tom Thumb
• Randalls,
• United Supermarkets
• Pavilions
• Star Market
• Haggen, Carrs
• Kings Food Markets
• Balducci’s Food Lovers Market

All of these will now be Kroger’s.  Monopoly capitalism, anyone?

Kroger’s press release says:

Kroger has a long track record of lowering prices, improving the customer experience and investing in its associates and communities. Consistent with prior transactions, Kroger plans to invest in lowering prices for customers and expects to reinvest approximately half a billion dollars of cost savings from synergies to reduce prices for customers. An incremental $1.3 billion will also be invested into Albertsons Cos. stores to enhance the customer experience. Kroger will also build on its recent investments in associate wages, training and benefits. Kroger has invested an incremental $1.2 billion in associate compensation and benefits since 2018. The combined company expects to invest $1 billion to continue raising associate wages and comprehensive benefits after close.

Who will hold Kroger accountable for these promises?

It needs to be held accountable.

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The USDA has produced three reports on the effects of the coronavirus pandemic on consumers.

The Coronavirus (COVID-19) pandemic led to significant changes in U.S. consumers’ food-spending patterns in early 2020, with a return to pre-pandemic spending patterns that continued through 2021.

While closures of restaurants and nonessential businesses contributed to record unemployment increases during March and April 2020, unemployment fell to below pre-pandemic levels by December 2021.

Although income and employment have improved, some U.S. households continue to face difficulties obtaining adequate food, particularly in the face of increasing food prices.

It has produced data and charts in three areas.

• Food Spending During the Pandemic: 
• Food Prices During the Pandemic
• Food Sufficiency During the Pandemic: The Household Pulse Survey

Here’s one of the charts, this one on prices.

This is the kind of thing the USDA’s Economic Research Service is supposed to be doing.  I’m glad they are back on the job.