This year, consumers around the world will pay more for groceries than they did in 2022, unless commodity costs decrease or they shift to less expensive store-brand products
This year, consumers around the world will pay more for groceries than they did in 2022, unless commodity costs decrease or they shift to less expensive store-brand products
Was eventually settled. we have fallen was eventually settled. we have fallen out with other suppliers. so we do fallen out with other suppliers. so we do try fallen out with other suppliers. so we do try very hard, i think, to challenge we do try very hard, i think, to challenge. and we have a team that can look challenge. and we have a team that can look at challenge. and we have a team that can look at the composition of food, costs. can look at the composition of food, costs, commodities, and whether these costs, commodities, and whether these cost costs, commodities, and whether these cost increases are legitimate. ithink these cost increases are legitimate. i think most of them are, because there i think most of them are, because there have i think most of them are, because there have been some dramatic increases there have been some dramatic increases in commodity costs, energy costs and increases in commodity costs, energy costs and labour costs. on the
The perceptions of what it means to be in a strong or weak economy. and as a result, here we are. and you re starting to see in a very good way inflation may, may be starting to ease. by the way. elon musk saying last night at the tesla annual meeting there that he believes inflation is coming down. but commodity costs that had risen so many are starting to come down and that is because you re starting to see some of the supply get better. as the supply gets better that could boost the economy in a good way and may mean there are more demand for jobs on the other end. so again, i think you have to throw out some of the economic tex books of your because i hate to say we re in a new paradigm. but it is very different than what we ve seen in historical recessions. so now let s get to the story about visa and mastercard. what is going on there? so, i would argue to you this the most important business
Companies raise rates they try to dissuade consumers from spending money. that sounds weird. with too many people with used cars and commodities, prices go out of control. the fed is trying to slow down the american economy, the problem, willie, is will they do it so much that you slow the economy too much. you actually put the economy in a major downturn or recession. good news, we ve gotten good news. gasoline prices are down about 40 cents in a month s time. we ve seen commodity costs coming down. rents, still too darn high, but there are some signs that inflation is moderating. so, brian, if it s a balance, right, you don t want to pump the brakes so far that you make the car stall and get the country into a recession. and there are some suggesting that the last rate hike is having an impact. we re seeing some prices come down. why not, with all the speculation that we may you know, the white house suggesting we are, but there s some debate