• NotACube
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    3 months ago

    Wouldn’t this be pretty bang-on expected for less premium groceries where profit margins are much thinner?

    For example, a food product retailing at £2 where £1.80 covers farming costs and operational costs, inflation of 10% will increase those costs to £1.98, to keep a 20p profit, the retailer would increase the price to £2.18 (9% increase). A more premium food product that retails for £3.50 where the farming costs are only slightly higher might have a £2 cost for the retailer with a much higher markup of £1.50. To keep that same profit after 10% cost inflation (to £2.20), the price would rise to £3.70 (5.7% increase).

  • solsangraal@lemmy.zip
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    3 months ago

    that’s what happens when the middle class stops buying the “regular” stuff and switches to the cheap no-name stuff. and the owner class is going to make their profits one way or another

    • Zombie
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      3 months ago

      Fuck the owners, grow food, grow community.

      GrowVeg on YouTube is a great resource, but there’s hundreds, thousands, of people teaching gardening all over the place.

      Don’t have a boring patch of grass in your garden that does nothing for you, for biodiversity, or for your community. That’s what the aristocracy did to show off how much land they have and how rich they are that it doesn’t even need to be productive. We don’t need that arrogance.

      Grow carrots, tomatoes, strawberries, onions, cabbage, you’d be surprised how many varieties there are that you would think don’t exist looking in the supermarkets.

      Be punk, grow food.