Lee Duna@lemmy.nz to World News@lemmy.worldEnglish · 1 year agoFood Inflation Is Still High Around the Worldwww.bloomberg.comexternal-linkmessage-square7fedilinkarrow-up1110arrow-down12file-text
arrow-up1108arrow-down1external-linkFood Inflation Is Still High Around the Worldwww.bloomberg.comLee Duna@lemmy.nz to World News@lemmy.worldEnglish · 1 year agomessage-square7fedilinkfile-text
minus-squarebean@lemmy.worldlinkfedilinkEnglisharrow-up9·1 year agoWhat sit like 2 and 5% and then suddenly it’s 5-30%. Where is the nuance
minus-squarebobman@unilem.orglinkfedilinkEnglisharrow-up2arrow-down1·1 year agoIt’s the lack of competition. Similar to how you see gas stations on opposite sides of the street charge the same price. There’s a gentleman’s agreement not to compete on price so everyone can make more money, except the customers.
What sit like 2 and 5% and then suddenly it’s 5-30%. Where is the nuance
It’s the lack of competition.
Similar to how you see gas stations on opposite sides of the street charge the same price.
There’s a gentleman’s agreement not to compete on price so everyone can make more money, except the customers.