# Major Supermarket Chain Warns Inflation Is About to Impact More Americans

Seems the WH is out to lunch.

Major Supermarket Chain Warns Inflation Is About to Impact More Americans

BY JACK PHILLIPS

September 12, 2021 Updated: September 12, 2021

An executive of Kroger, one of the largest supermarket chains in the United States, warned grocery prices are about to become even higher this year as inflation sets in.

Inflation is running hotter than previously anticipated, and prices are slated to rise an additional 2 to 3 percent over the second half of 2021, Kroger CFO Gary Millerchip said during a call with reporters.

Kroger will be “passing along higher cost to the customer where it makes sense to do so,” he said on Sept. 10.

The comment comes as the price for beef, poultry, and pork have risen at grocery stores in recent months, leading White House officials to blame meat processing companies.

“Just four large conglomerates control the majority of the market for each of these three products [beef, pork and poultry], and the data show that these companies have been raising prices while generating record profits during the pandemic,” said National Economic Council Director Brian Deese at a press briefing on Sept. 8.

“Those companies have seen record or near-record profits in the first half of this year,” Deese said, taking aim at JBS, Tyson Foods, Cargill Meat Solutions Corp., and the National Beef Packing Company. “And that has coincided with a period where we’ve seen disproportionate increase in prices in those segments.”

Secretary of Agriculture Tom Vilsack claimed that some food companies may be price-gouging, although he noted that labor and transportation costs have risen since the start of the COVID-19 pandemic.

“Our job is to make sure that that farmer gets a fair price and that the producer … when I go to the grocery store, and I’m in the checkout line, I’m paying a fair price,” Vilsack said.

Neither official signaled that inflation may be the cause despite the producer price index increasing by 0.7 percent in August 2021 over the previous month. Final demand prices have also risen 8.3 percent from a year ago, which is the biggest increase since 2010, according to a Department of Labor report issued on Sept. 10.

Other than Kroger’s warning, food giant Nestle’s Chief Financial Officer, Francois-Xavier Roger, acknowledged a higher input cost inflation in 2022 than this year.

“If we talk of 2022, it is likely that input cost inflation will be higher next year than this year,” Roger said at a Barclays consumer staples conference, reported the Reuters news agency. “Our strategy is to offset anything we receive through pricing. The idea is to pass it on to the trade and to consumers whenever we receive it,” he said.

Earlier this year, CEO of supermarket chain Albertsons, Vivek Sankaran, said that regarding inflation, “It could go a little bit higher, but … we have a strong consumer” base in the United States.

Jack Phillips

SENIOR REPORTER

1 Like

It’s a democrat thing !!! :face_with_symbols_over_mouth: :heavy_dollar_sign: :moneybag: :face_with_symbols_over_mouth:
Who will pay for all the free shit ?
Who will pay for all the looting ?
Who will pay for all the arson ?
Who will pay for all the illegals ?

2 Likes

The wealthy of course.

The pain of higher prices will hit the most vulnerable populations hardest of all. The wealthy can adjust their salary down to $1 if need be . Inflation in April accelerated at its fastest pace in more than 13 years .
Energy prices overall jumped 25% from a year earlier, including a 49.6% increase for gasoline and 37.3% for fuel oil. Lumber prices alone have risen 124% in 2021
we will see sustained increases, especially in food and energy prices. Used car and truck prices surged 21% The rate health plans increase on individual health plans next year is 8.6%, but can reach 12.4% depending on the policy.
Home owner insurance rate are up 15% to 35% in most cities . According to the same study, commercial insurers like Blue Cross Blue Shield, Aetna, Humana, Cigna, and Oscar Health could increase premiums between 4% to 40% for 2021.
Taxes on homes will rise , more so in dem States . The pain of higher prices will hit the most vulnerable populations hardest of all.

1 Like

It’s killing us …………

2 Likes

Year-ahead inflation expectations increased for the 10th straight month to a median of 5.2 percent in August, according to the monthly survey of consumer expectations. Inflation expectations over the next three years increased to a median of 4 percent. Both metrics are at the highest they’ve ever been for the survey, which was launched in 2013.

All I can say is I have zero sympathy for the idiots who put Bidet in office.

1 Like

Looks like it will get worse before it gets better. This happens when you dump trillions into the economy, to much money chasing to few goods.

2 Likes

Just wait until you see the TAX impact on your 401K and IRA . That’s not the wealthy getting slammed it’s the working stiff !!! DemoRATS are such liars and underhanded crooks .

I just read that they are expanding green cards… poor Americans are fucked … our culture is over until we have a civil war 99% will flee leaving dems severely outnumbered

1 Like

Well, it appears you and others here actually understand the cause and even the definition of inflation. Too much money chasing too few goods.
And it was Jim Crow Joe who threw all those TRILLIONS of dollars, paying idiots not to look for work.

1 Like

Bidet and the Fed are betting it’s caused by the pandemic and will subside.

Not likely.

I do laugh a the chip shortage killing the auto market, new and used. Another gift from China that keeps on giving.

Further illustration that we are in The End Times and living through what The Book of Revelation predicted, this was all foretold in our Bible.

With the food and inflation situation, we are headed toward Revelation 6:6

We are now in a war, The International Globalists have declared war on HUMANKIND, declared war on every man, woman, child and baby in the WORLD, they will soon begin the process of a WORLD food shortage a DELIBERATELY PLANNED WORLD food shortage that will ESPECIALLY affect EVERY Western nation.

We are headed toward Revelation 6:6

Below are the actual verses from Revelation 6:6

@Dr_Manhattan

It’s MEANT to, that’s the plan, they are psychopaths, the men Behind The Curtain are TOTAL psychopaths, devoid of ALL humanity because they HATE humanity itself.

Essentially they are the epitome of the sad loser and it is THEY who will ultimately be doomed. They are going to get so far with their plan but then THE LAMB will step in and put a stop to them FOREVER, He will do this because IF He doesn’t The International Globalists PLAN to DESTROY the ENTIRE World. They WANT the ENTIRE World for THEMSELVES and when it becomes OBVIOUS they CAN’T have it they will ATTEMPT to DESTROY it.

1 Like

Thank you demoRATS …
When you total up all imports and exports, China is now the number one trading nation on the entire planet.

  • Overall, the U.S. has run a trade deficit with China over the past decade that comes to more than 2.3 trillion dollars.
  • China has more foreign currency reserves than anyone else on the planet.
  • China now has the largest new car market in the entire world.
  • China now produces more than twice as many automobiles as the United States does.
  • After being bailed out by U.S. taxpayers, GM is involved in 11 joint ventures with Chinese companies.
  • China is the number one gold producer in the world.
  • The uniforms for the U.S. Olympic team were made in China.
  • 85% of all artificial Christmas trees the world over are made in China.
  • The new World Trade Center tower in New York is going to include glass imported from China .
  • China now consumes more energy than the United States does.
  • China is now in aggregate the leading manufacturer of goods in the entire world.
  • China uses more cement than the rest of the world combined.
  • China is now the number one producer of wind and solar power on the entire globe.
  • China produces 3 times as much coal and 11 times as much steel as the United States does.
  • China produces more than 90 percent of the global supply of rare earth elements.
  • China is now the number one supplier of components that are critical to the operation of any national defense system.