Already happened to chocolate. Raw cocoa is currently around 10% more expensive than it was at the same time last year - but chocolate products at retailers has shot up 40% or more. Including brands where cocoa isn’t the dominant component ingredient like milk chocolate.
Yet businesses like Lindt are celebrating a 7.8% increase in sales… Make it make sense to me cos I buy far less now. Who are the people who see these increasing prices and buy more 🤡
Looking forward to price hikes far beyond the actual cost to middlemen. The eggification of another good.
Finally! I’m so glad people are starting to realize just how much we’re getting fucked.
“Product costs 5% more to bring to market? Better increase the price by 20%!”
Already happened to chocolate. Raw cocoa is currently around 10% more expensive than it was at the same time last year - but chocolate products at retailers has shot up 40% or more. Including brands where cocoa isn’t the dominant component ingredient like milk chocolate.
Yet businesses like Lindt are celebrating a 7.8% increase in sales… Make it make sense to me cos I buy far less now. Who are the people who see these increasing prices and buy more 🤡
Source data: https://tradingeconomics.com/commodity/cocoa