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In the past year, those who did their shopping at Target, Albertsons and Walmart have seen an increase of 13% in their grocery bills. A JPMorgan survey found that quarter-over-quarter, Walmart raised their food prices by 5.5%, and Target followed closely at 4.6%. If we go by the data between July 2019 to July of this year, grocery prices at the retailer has risen by 21.5%. The problem with averages is that it makes it easy for retailers to bury necessary food items that have high increases, and with smaller portions, it feels like we’re getting bamboozled twice. A majority of Americans are worried about the state of our economy and what it’s doing to the pricing of goods. But what isn’t as obvious is that some retailers are actually using this to take advantage of consumers. Would you be surprised to know that popular stores hiked their prices under the guise of inflation? Comment a quick Yes or No below. Also, food inflation is expected to become even worse by 2023, it’s also worth noting that despite price increases, portions continue to become even smaller. walmart closing stores,inflation,pandemic store closings,supply chain,food insecurity,high prices,food scarcity,pandemic ebt allotment california texas Elon Musk Twitter Apple iphone 14, will interest rates go down in 2023 “At the same time, traffic at dollar stores and discount chains has been through the roof — compared to 2019, foot traffic rose by 20.4% at Family Dollar, 28.2% at Dollar General, 34.1%.” Even the middle-class is being forced to look for better deals. . China, who has seen a flurry of protests in past days, have asked Apple to censor their people by limiting their use of AirDrop.
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#snap #inflation #recession Disclaimer: These are my opinions and not the opinions of my employer. The content shared in this video is for entertainment purposes only.