Community Chat

[Grand Happy]

Have you bought Bacon ? It's doubled in price. Not shocked we were warned 😔

[tiny 2]

I am making my online cart for the next delivery. When a bag of corn chips selling for 82 cents went up in price overnight to $2.64, that got my attention. You expect goods to go up but you have to look at the percentage of the increase to really determine if it is appropriate or not. If I feel that I am being gouged then I will walk away and most likely never again buy the product. I consider a 221% increase unacceptable. I decided to take the $2.64, add a little to it and buy a bag of apples.

[gertrudecloset]

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@joannecha wrote:

Good morning. I keep a running list of my " want to buys" in Amazon. I put the item in my cart but then hit "save for later". That way, Amazon will alert me if the price changes. Yesterday, 5 of my items increased in price, all over $4. These are relatively inexpensive items, all $25 or less, so prices are going up dramatically. Don't know if this is a quick up/down trend, or if it's here to stay, but I'm guessing the latter. So glad we don't need high ticket items this year (knock on wood). Hopefully, we can all weather the storm with our bank accounts intact.

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Amazon uses algorithims to determine the cost of prices on their website.  They have always done this (for items that are sold and shipped from them).  For sellers in their "market place" that's a different story.  They allow many of them to price gouge.

@joannecha 

[gertrudecloset]

When prices on consumer goods go up, they don't come back down.  I've never seen a reverse in price of the things I buy.

The only commodity that has fluctuating prices are: coffee, oil, gold/silver and things like that.  Finished goods typically don't go back down in price.

[Snowpuppy]

Warren Buffet said it best at his shareholders meeting earlier this year...."as long as people are willing to pay these inflated prices there is no incentive for retailers to cut them".

[busymom22]

You can't have the government continue to print money and prop up the economy with stimulus payments and not have prices go up.

I do not believe they will come down either.

[Texasmouse]

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@Nancy Drew wrote:

Who didn't see this coming?

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@Nancy Drew  you'd be surprised.  🙄 

[Tinkrbl44]

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@Cakers3 wrote:

I'm not sure what people mean by prices going back to former levels.

What levels are we talking about?  From food to gas to lumber etc. - what would be the former prices?  How would that be sustainable?

I found our brand of coffee has risen by $1.  I doubt it will return back to the former price.

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@Cakers3 

From my experience, the only prices that go down occasionally are real estate  ... and the stock market.  Everything else goes up.

[bonnie f]

yes i notice when that happens too.. but i dont have things in my cart for that long lol.. i have things in my cart now, i may go purchase them today, amazon is the worst thing that has happened to my credit card! Lol.....