When we are shopping to Walmart grocery, we always pick a bucket of 8 pieces fried chicken.
8 pieces quite fresh, crunchy and delicious. The bucket of fried chicken consists of:
- two wings
- two breasts
- and two drumsticks
What surprise us that the price increases at unbelievable rate, about 50% compared to few months ago, from just US$ 6 to more than US$ 9 nowadays.
Why?
Off course, the company or corporate blames to many things that cause rising in price such as: decreasing supply, disturbing in distribution (transportation) and gasoline price
However, the fact shows different story that many companies include in food industries profit billion of dollars.
Then, inflation rate is 9.1% only, even thought the highest in last 40 years. Much less than price increasing.
Corporate get too much profit. Greedy.
Hence, should we call it greedflation? What do you think?
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