Re: Food Prices

On 5/26/2025 1:39 PM, Jeff Liebermann wrote:

On Mon, 26 May 2025 13:18:49 -0500, AMuzi <am@yellowjersey.org> wrote:
 

On 5/26/2025 12:34 PM, Jeff Liebermann wrote:

On Mon, 26 May 2025 17:24:06 GMT, cyclintom <cyclintom@yahoo.com>
wrote:
>

On Sun May 25 18:28:31 2025 Shadow  wrote:

On Sun, 25 May 2025 20:07:33 GMT, cyclintom <cyclintom@yahoo.com>
wrote:
>

At the local supermarket, food prices have been dropping like rocks. Take for instance, wine, Apothic red mixes just scant weeks ago were showing $16.99 reduced to $10.99. Now, the same thing is $10.99 reduced to $6.99. Bread is almost back to pre-Biden. I'm telling you, those tariffs are really killing us. Certainly not everything has gone down but I'm assuming that they soon will.

>
So an increase in taxes lowered prices?
Sounds like raising taxes is a good idea, then, and everything
I learned about economy was wrong.
[]'s
>
PS Maybe not for you. You can't drink alcohol. Read the
absolute contraindications of your meds.

>

Where were taxes raised?

>
A tariff is a tax on imported goods.  The importer pays the tax, which
is then passed on to distributors, dealers, and eventually individual
buyers.
>

 

Mr Kunich's chosen plonk (Apothic) is domestic.

 Thanks.  The importer or distributor probably does not pass on their
increased tariff costs by individual items.  The distributor probably
also sells foreign wines that are subject to tariff taxation.  My
guess(tm) is that the distributor will pass on a single uniform
percentage price increase across their entire wine inventory because
it's easier to administer.  If we see the price of domestic wines
increase along with imported wines, that's a likely cause.
 

Yes to all that, which again references the difference between the general inflation rate and specific items, which naturally and always fluctuate both by product and also locally. It could well be that not one single individual item in the entire nation increased by exactly the current general inflation rate (officially 0.2% in April, but more likely with a long string of numbers to the right of that 2):
https://www.bls.gov/cpi/
--
Andrew Muzi
am@yellowjersey.org
Open every day since 1 April, 1971