Inflation Rates Continue To Increase In Latest January Report

Guard Dad said:

Biden’s bout with inflation just suffered another setback​


www.politico.com

Biden's bout with inflation just suffered another setback

The Consumer Price Index rose by 3.1 percent in January.
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The thread on the $50 minimum wage reminded me that the liberal's artificial cheapening of the dollar by raising the minimum wage above the actual value of the work being done is another big part of the inflationary pressures.

If they force cost increases, the market is going to raise prices to cover.
 

Kellogg’s CEO Encourages Cash-Strapped Peasants to Eat Cereal For Dinner​


“Kellogg’s CEO Gary Pilnick has a tip for customers who can’t afford to feed their families: just eat cereal for dinner.

In a CNBC interview, Mr Pilnick spoke about the impact of the severe uptick in nationwide grocery prices and what the cereal company can do about it.

Since the pandemic, inflation has sent grocery prices soaring. According to US Department of Agriculture data, Americans spent 11.3 per cent of their disposable income on food in 2022, the highest rate in over 30 years.

To combat this, Kellogg’s is now promoting cereal as a dinner option for customers struggling to put food on the table, Mr Pilnick said.

“The cereal category has always been quite affordable, and it tends to be a great destination when consumers are under pressure*,” he said.

Asked if this strategy had the potential to ‘land the wrong way,’ Mr Pilnick disagreed.

‘We don’t think so — in fact, it’s landing really well right now,’ he said.”

Kellogg’s CEO Encourages Cash-Strapped Peasants to Eat Cereal For Dinner | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com www.zerohedge.com
 
J-man said:

Kellogg’s CEO Encourages Cash-Strapped Peasants to Eat Cereal For Dinner​


“Kellogg’s CEO Gary Pilnick has a tip for customers who can’t afford to feed their families: just eat cereal for dinner.

In a CNBC interview, Mr Pilnick spoke about the impact of the severe uptick in nationwide grocery prices and what the cereal company can do about it.

Since the pandemic, inflation has sent grocery prices soaring. According to US Department of Agriculture data, Americans spent 11.3 per cent of their disposable income on food in 2022, the highest rate in over 30 years.

To combat this, Kellogg’s is now promoting cereal as a dinner option for customers struggling to put food on the table, Mr Pilnick said.

“The cereal category has always been quite affordable, and it tends to be a great destination when consumers are under pressure*,” he said.

Asked if this strategy had the potential to ‘land the wrong way,’ Mr Pilnick disagreed.

‘We don’t think so — in fact, it’s landing really well right now,’ he said.”

Kellogg’s CEO Encourages Cash-Strapped Peasants to Eat Cereal For Dinner | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com www.zerohedge.com
Click to expand...
At $5 for a box of cereal, not really cheap. You want cheap, you get the Raman noodles with mystery meat hot dogs. Yummy!!
 
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