Inflation Is at a 30-Year High. Biden's Big Economy Speech Barely Mentioned It.

[Cuddles]

https://ottawacitizen.com/news/reta...ikes/wcm/f8844345-87f2-4f9f-8a73-0413a4e3e0fb

Global potato-chip behemoth Frito-Lay is refusing to ship its products to Canada’s largest grocery chain, Loblaw Companies Ltd., in a dispute over price hikes.

Across the food industry, manufacturers have been trying to increase their prices to make up for supply chain delays and ballooning labour and ingredient costs, but retailers have been pushing back. In those price negotiations, the threat to stop shipping products was historically considered to be the “nuclear” option in Canada, especially with a company like Loblaw that controls more than a third of grocery sales. But some in the industry say refusals to ship products are becoming more normal, as food inflation surges to a rate not seen in more than a decade.

On Friday, La Presse reported that Frito-Lay stopped filling orders last weekend after Loblaw refused to accept price increases. The move to stop shipments, which the Financial Post has confirmed, means Frito-Lay’s extensive roster of snacks — including Doritos, Lays, Cheetos, Smartfood, Munchies and Sun Chips — isn’t flowing to Loblaw’s network of more than 2,400 stores across Canada.

 

[Nine_Ender]

https://ottawacitizen.com/news/reta...ikes/wcm/f8844345-87f2-4f9f-8a73-0413a4e3e0fb

Global potato-chip behemoth Frito-Lay is refusing to ship its products to Canada’s largest grocery chain, Loblaw Companies Ltd., in a dispute over price hikes.

Across the food industry, manufacturers have been trying to increase their prices to make up for supply chain delays and ballooning labour and ingredient costs, but retailers have been pushing back. In those price negotiations, the threat to stop shipping products was historically considered to be the “nuclear” option in Canada, especially with a company like Loblaw that controls more than a third of grocery sales. But some in the industry say refusals to ship products are becoming more normal, as food inflation surges to a rate not seen in more than a decade.

On Friday, La Presse reported that Frito-Lay stopped filling orders last weekend after Loblaw refused to accept price increases. The move to stop shipments, which the Financial Post has confirmed, means Frito-Lay’s extensive roster of snacks — including Doritos, Lays, Cheetos, Smartfood, Munchies and Sun Chips — isn’t flowing to Loblaw’s network of more than 2,400 stores across Canada.

I hardly think a shortage of potato chips is a problem. Oh no, what are we going to do get healthier. Damn you Frito Lay now I'll get even more used to abstaining from your products.

 

[Cuddles]

I hardly think a shortage of potato chips is a problem. Oh no, what are we going to do get healthier. Damn you Frito Lay now I'll get even more used to abstaining from your products.

The point is companies jacking up prices and blaming it on inflation. Some added cost to consume is expected, but big corp is raking it in. I don't know if this chain had a contract for a specific price or is just refusing to be swindled

 

[ipatent]

White House takes flak from Democrats left and right over inflation argument

Democrats inside and outside the White House disagree with the Biden administration’s official line that the pandemic and supply chain struggles are the sole drivers of the country’s inflationary woes....

“Biden keeps blaming the supply chain for inflation. That’s dishonest,” blared the headline of a New York Timesop-ed written by Steven Rattner, a counselor to the treasury secretary during the Obama administration.

Democrats inside and outside the White House disagree with the Biden administration’s official line that the pandemic and supply chain struggles are the sole drivers of the country’s inflationary woes.

Problems on the supply side of the economy have driven up prices. But high-profile Democratic economists say the Biden team is wrong not to acknowledge the central role government spending and loosened monetary policy have played in raising inflation, which stood at 7.5% in January as measured by the Consumer Price Index. Other more liberal Democrats, meanwhile, argue the White House should publicly blame corporate greed for higher prices.

“Blaming inflation on supply lines is like complaining about your sweater keeping you too warm after you’ve added several logs to the fireplace,” he wrote. “The bulk of our supply problems are the product of an overstimulated economy, not the cause of it.”
The fiercest criticism has come from prominent Democrats who blame excessive spending and money creation for inflation rising well above target.

“Biden keeps blaming the supply chain for inflation. That’s dishonest,” blared the headline of a New York Times op-ed written by Steven Rattner, a counselor to the treasury secretary during the Obama administration.

Rattner, a Democrat, highlighted a recent interview in which Biden insisted the reason for the inflation, which has reached its highest level since 1982, is because the supply chains were cut off. Rattner called the assertion “simplistic and misleading” for several reasons, including that supply chains are not “cut off,” just strained.

 

[Nine_Ender]

The point is companies jacking up prices and blaming it on inflation. Some added cost to consume is expected, but big corp is raking it in. I don't know if this chain had a contract for a specific price or is just refusing to be swindled

Send the salty snacks to the US somebody will eat them .

 

[Tony Stark]

https://ottawacitizen.com/news/reta...ikes/wcm/f8844345-87f2-4f9f-8a73-0413a4e3e0fb

Global potato-chip behemoth Frito-Lay is refusing to ship its products to Canada’s largest grocery chain, Loblaw Companies Ltd., in a dispute over price hikes.

Across the food industry, manufacturers have been trying to increase their prices to make up for supply chain delays and ballooning labour and ingredient costs, but retailers have been pushing back. In those price negotiations, the threat to stop shipping products was historically considered to be the “nuclear” option in Canada, especially with a company like Loblaw that controls more than a third of grocery sales. But some in the industry say refusals to ship products are becoming more normal, as food inflation surges to a rate not seen in more than a decade.

On Friday, La Presse reported that Frito-Lay stopped filling orders last weekend after Loblaw refused to accept price increases. The move to stop shipments, which the Financial Post has confirmed, means Frito-Lay’s extensive roster of snacks — including Doritos, Lays, Cheetos, Smartfood, Munchies and Sun Chips — isn’t flowing to Loblaw’s network of more than 2,400 stores across Canada.

Fuck Frito-Lay.God bless Loblaw

 

[Van_der_Voort_4]

Inflation: SMOKING

Here it comes.....

The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.8 percent in February on a seasonally adjusted basis after rising 0.6 percent in January, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 7.9 percent before seasonal adjustment.

Gasoline was only up 6.6% in the February index. Most of the damage had not yet been taken; that's in the last two weeks and will be in the next report. Groceries were up 1.4% on the month which annualizes to 18%, a figure that is worse than the early 1980s inflation and will flat-out ruin lower and middle-income Americans.

https://market-ticker.org/akcs-www?post=245372