Deflation could put pressure on retailers and brands to drive more volume, debut innovative products and find other ways to cover costs such as higher wages.

Key Points

  • As shoppers await price cuts, retailers like Home Depot say their prices have stabilized and some national consumer brands have paused price increases or announced more modest ones.
  • Yet some industry watchers predict deflation for food at home later this year.
  • Falling prices could bring new challenges for retailers, such as pressure to drive more volume or look for ways to cover fixed costs, such as higher employee wages.
  • BlackCoffee@lemmy.world
    2·
    9 months ago

    It is “insane” over here in the Netherlands also;

    • MC donalds “standard” menu; ±/ 15 Euros (used to be around 8-10 euros)
    • Dominos Pizza medium “special”; 15+ Euros (used to be around 10 euros for the same pizza)

    It’s already close to a price hike of 50+ percent.

    Went out to dinner with a few friends to a Korean BBQ place; 40 euros for all you can eat per person. It was nice but the amount of food that one should eat to get to the 40 euro treshhold is insane. I think I ate for a maximum of 15 euros of food.

    Other places also aggressively jacked up their prices for the exact same menu and quality (or lack of). I just cannot be arsed anymore to eat out.

    The new fastfood prices are getting closer to the restaurant prices pre inflation. I don’t see any incentive to actually pay those prices for the lack of quality of the food.

    I also see that the same fastfood chains ‘quietly’ implemented shrinkflation in regards of toppings or portion sizes so one gets screwed over double.

    I liked to get some fastfood once or twice every 2 weeks, but I just cannot be bothered anymore.

    the kicker is that for that 15 euros worth of fastfood I can get close to a weeks of selfcooked dinner.

    I already see some grocery stores actually lowering the prices of certain items and aggressively put items on huge discounts.