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Nestlé, the world’s largest food company, said that it is predicting that the prices of staple items will continue to rise this year. https://t.co/69MyaK4fuK
— Axios (@axios) February 18, 2023
Working and lower middle class Americans are backed against the wall, barely able to afford food.
Seeing news of these problems, I think of that low-riding Jew Victoria Nuland claiming that the Russians want to overthrow Putin so they can live an American-style life.
There are no food shortages in Russia, I can tell you that.
RT:
The world’s biggest food corporation, Nestle, has said prices for staple items would continue to grow during 2023, after more than a year of price increases that have forced the ordinary consumer into an ongoing struggle to buy groceries.
The giant increased prices by 8.2% last year, but says this was not enough to offset a rise in its own costs that had substantially dented profits.
According to Nestle CEO Mark Schneider, Nestle’s price increases, which are expected to vary by market and category, will be “very targeted” and will only be implemented where “input cost inflation justifies it.”
“We are still in a situation where we’re repairing our gross margin and, like all the consumers around the world, we’ve been hit by inflation and now we’re trying to repair the damage that has been done,” Schneider said.
The executive provided no details on what projected increases will affect which of Nestle’s 2,000 brands, a range spanning confectionery, frozen foods, and baby formula.
“Last year brought many challenges and tough choices for families, communities and businesses,” the company’s statement reads. “Inflation surged to unprecedented levels, cost of living pressures intensified, and the effects of geopolitical tensions were felt around the world.”
This is getting to be much more extreme than the problems the third world faces.
No one in the third world is skipping breakfast, as the Wall Street Journal recently announced that people should do.
Clearly, anyone who is paying hundreds of dollars a year for a Wall Street Journal subscription is not going to be skipping breakfast to save money.
Therefore, you have to think: this article was written to explain to better off people that the peasants should just stop whining and eat less.
Probably, “American peasants should eat less” is a good argument in some contexts. But not in this context.
