It's inflation. Most of all fiat in circulation was printed within the past few years.
Well most of the brrr goes straight to wall street derivatives. It seems like food prices are ballooning beyond the rate of inflation. The article was saying how agri companies are raising consumer prices simply because they can and knowing nobody will stop them.
It's probably a mix of both. Companies don't just lower prices because their cost went down. They lower them because demand has decreased. If people want to pay $20 for chicken and they are still selling well, even if the cost of that chicken dropped massively, if they are still selling, why bother lowering prices? It's supply and demand, not the cost. Demand went through the roof because of gibs and printing money. Supply couldn't keep up. Supply is catching up, or has already caught up. But demand is still high so they won't lower prices. I just got back from Florida, the cost of eating out down there got stupid fucking crazy. And all the restaurants are filled.
If you have a restaurant, your costs went down, you kept prices the same, and all the tables were filled every night, why would you lower your costs? The same thing is happening all over this economy. Right now I think it's fueled by debt spending. Eventually the demand is going to drop and there's going to be too much supply and things will correct. It's just going to take some time. The smartest thing you can do right now is save money so when things do slow down you can make the most out of it.
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