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General Mills To Raise Prices On Yogurt, Cereal, Other Foods Due To Inflation

Discussion in 'News & Current Events (Articles Required)' started by 98cwitr, Nov 24, 2021.

  1. 98cwitr

    98cwitr Lord forgive me Staff Member Red Team - Moderator Supporter

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    General Mills To Raise Prices On Yogurt, Cereal, Other Foods Due To Inflation

    Remember when politicians were concerned for the poor and working class and did things that helped us like ensuring government decisions didn't raise the prices of basic goods? Those were the days.
     
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  2. mama2one

    mama2one Well-Known Member

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    follow
     
    Last edited: Nov 24, 2021
  3. FireDragon76

    FireDragon76 Well-Known Member Supporter

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    Very little General Mill's makes are "basic goods". Mostly, it's highly processed convenience foods that are going to be sensitive to labor shortages in the economy.

    I have not noticed a dramatic increase in price of commodity foods like rolled oats, soy protein, or vegetables.
     
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  4. timothyu

    timothyu Well-Known Member

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    Due to inflation? Did the workers get a 20% raise.. because other costs except maybe transport remained the same.
     
  5. dqhall

    dqhall Well-Known Member Supporter

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    When I was in second grade my dad was doing combat missions in Vietnam. He instructed my mom to give me a quarter a week allowance. My brother and I walked to a convenience store to spend our allowances. I used to buy a Hershey bar for a nickel, a kite for ten cents and a ball of string for fifteen cents.

    Dollar Tree is raising prices from $1.00 to $1.25.
    Dollar Tree hikes prices 25%. Most items will cost $1.25 - CNN
     
  6. timothyu

    timothyu Well-Known Member

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    Guess my grandies won't be happy now with the 25 cents for allowance any more if they hear you talking about way back. Thank God MAD magazine was only 25 cents a month back then. They eventually priced themselves out of existence.
     
  7. The IbanezerScrooge

    The IbanezerScrooge I can't believe what I'm hearing...

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    Mean while over at General Mills:

    So, a decline of 1-2% in profit translates to a 20% price increase?
     
  8. timothyu

    timothyu Well-Known Member

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    Trying to cover future losses now that people are eating out again lol
     
  9. FireDragon76

    FireDragon76 Well-Known Member Supporter

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    Pretty much, yeah...

    This isn't about suppossedly bad government policy, it's about typical capitalist greed.
     
  10. timothyu

    timothyu Well-Known Member

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    I'll up you one and say this is part of the build back better agenda of Corporatism which is a global entity. You may have noticed almost everything is taking an organized 20% jump or more lately. Indebtedness is key during a shift in power.
     
  11. rambot

    rambot Senior Member

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    Many of those things don't require overseas travel. So in an ideal world, this would be a great opportunity to try healthy eating. But yeah, all these mega corporationss ship resources overseas to be turned into commodities and then shipped BACK here (in my experience: Asian countries are not huge western breakfast goods consumers). I'd like to believe that the cereals by those companies that are still made in North America would have their prices hiked but again, this is about profit for rich people...not the needs of the workers and middle class.
     
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  12. Occams Barber

    Occams Barber Newbie Supporter

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    Rising inflation is a worldwide problem currently affecting advanced and emerging market economies. The issue is not confined to the US. It seems to be a broad reaction to shifts in supply and demand related to Covid.
    How is the cost of living rising around the world? | World Economic Forum (weforum.org)

    IMF: Will inflation remain high? | World Economic Forum (weforum.org)

    IMF: Will inflation remain high?
    • The economic recovery has caused an acceleration in inflation for advanced and emerging market economies this year.
    • It's expected that these pressures will soften over time.
    • A key question is what combination of conditions could cause a persistent spike in inflation, write two economists from the IMF.
    The economic recovery has fueled a rapid acceleration in inflation this year for advanced and emerging market economies, driven by firming demand, supply shortages, and rapidly rising commodity prices.

    We forecast in our latest World Economic Outlook that higher inflation will likely continue in coming months before returning to pre-pandemic levels by mid-2022, though risks of an acceleration do remain.
    OB
     
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  13. iluvatar5150

    iluvatar5150 Well-Known Member

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    Yeah, it’ll be interesting to see how their profit margins shake out after this and if they’re merely trying to cover their increased input costs or if they’re also trying to juice their margins and using inflation as a cover.
     
  14. rambot

    rambot Senior Member

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    I'm all for class conflict!
     
  15. cow451

    cow451 The Most Interesting Poster in the Forum Supporter

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    We’ve been spoiled by the economy rolling along since 2007. Even with inflation we have record low unemployment. People are way whining about an inevitable increase in prices as demand surged as the shut down ended.
     
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  16. NxNW

    NxNW Well-Known Member

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    No, I don't remember that at all. I thought Americans believe in the free markets and supply and demand.

    Exactly when were those days?
     
  17. NxNW

    NxNW Well-Known Member

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    Wait, in this thread "Build Back Better" will destroy much faster you're complaining about government limiting pricing.

    From David Rouzer (NC Congressman)

    Innovation-Killing Price Controls: The bill would institute government price-setting of prescription drugs which will lead to significantly less private investment in new cures. This would also limit seniors’ access to medicines and drastically harm pharmaceutical innovation, resulting in fewer new drugs and fewer generic drugs being developed.


    Which is it? Are price controls bad, or are they good?
     
  18. CRAZY_CAT_WOMAN

    CRAZY_CAT_WOMAN CT Scans shows my dad's cancer is gone.

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    No. Things get more expensive over time. That's why minimum wage needed to increase. Also, Because of COVID-19. Things have been getting more expensive.
     
  19. rambot

    rambot Senior Member

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    I literally do not remember that. When did America sacrifice corporate greed for the betterment of its citizens? I'm not even being facetious.

    Also, appropriate tax rates ALSO helps with that. Of course, having the current wealth distribution htat exists in America (Canada too) exacerbates this problem 10fold.

    [​IMG]


    The middle class is poor.
     
  20. iluvatar5150

    iluvatar5150 Well-Known Member

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    “Record low unemployment “ is expected to accelerate inflation.

    You’ve got it all wrong. It’s Biden/Dems who are bad. Everything else flows from there.
     
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