Greed. Nothing else.
this post was submitted on 17 Jun 2023
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Technology
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Am I just being ignorant in thinking it's strange that these vendors need to increase their prices by 24% when inflation is not even double digits?
Corporate greed. It happens with everything, be it prices of microchips or mashed potato.
Wow, I wish I lived where inflation wasn't double digits.
That's the US apparently. Is it worse elsewhere?
In Sweden and the UK, although it's come down a bit at least.
The food inflation is especially crazy, it was over 20% for a while.
But I think the Eastern European countries like Lithuania, Estonia, etc. have had it the worst - but at least they were starting from lower prices.
Eastern Europe can't get a break...
I suspect you are not being ignorant, but don't actually know. However, with rEcOrD pRoFiTs every quarter, well I just don't care, it's too much. EVERYTHING is expensive now. And it sucks. I miss my $1.99 milk and $1.50 per gallon for gas :(
This isn't just a tech issue. Every company loves inflation because they can use it as an excuse to raise prices.
Inflation is just companies raising prices