Inelastic demand. It’s easier to charge more for something if people need it to survive.
If we had competition, the prices would get run down anyway by people trying to expand their market share.
If.
dog food is about double what it was in 2020. Say what you will about the cost of energy going up during that time: there’s no way to blame ONLY energy costs for that.
It’s greed.
I heard somewhere private equity firms are coming for our pets already, buying up tons of local and regional pet hospitals, dog and pet food suppliers, etc. Basically they know kids are increasingly unaffordable and so they need to capitalize on the fact more millennials are staying childless and treating their pet as their child.
That happened a decade ago. You can’t find many pet supplies anywhere anymore because one company owns the distributors and the stores – and they don’t give a shit because they’re American and Canada is too small of a market to support, so it’s left to wither and die.
The same with Veterinary services. They’ve all be bought up, made into chains, or signed bullshit distribution or service agreements by a single (American) company and now it costs many multiples what it used to for no reason except greed.
100% agree, businesses will charge as much as they can get away with
In Canada I assume the vast majority of the increase goes to corporate profits because that’s what our economy seems designed to maximise, but it’s also worth noting that world food prices are back up to levels not seen since the 1970s: https://www.fao.org/worldfoodsituation/foodpricesindex/en/
Monopoly capitalism will do that to you.
Why are groceries so expensive now…
The Weston’s can’t survive in that castle on the paltry billions they have.
They need MORE!
