178
submitted 10 months ago by RandAlThor@lemmy.ca to c/world@lemmy.world
top 31 comments
sorted by: hot top controversial new old
[-] eek2121@lemmy.world 50 points 10 months ago

Both Come and Pepsi doubled - tripled their prices in the time between 2020 and 2023.

In 2019 (in my area) you could get a 2 liter of soda for $0.79-$1.00. Non-sale price was $1.49. A 12 pack of cans was $2-$2.50 on sale with a none-sale price of $4.

2 liters now are “on sale” for $2-$3 each and non-sale price is $3-$3.50.

Cans sale price is $4 at minimum and non-sale price is $7.99–8.99 depending on the store.

I have significantly cut back on my diet soda intake as a result, so i guess there is that?

To put another way, in the best of times in 2019 I could buy a 5x12 pack of cans for $10. Today I would have to pay $20-$45 for the exact same product depending on if it was on sale or not.

When our economy finally falters, these companies will be the first to scream for bailouts and other nonsense.

Like dude, just go back to pre-pandemic pricing.

[-] LufyCZ@lemmy.world 24 points 10 months ago

They raised prices and left them there because enough people are paying these prices.

Them asking for bailouts because of their prices hikes makes exactly 0 sense btw, if they need to sell more, they'll just lower them again. The nice thing about margin is that it's margin - as long as you're making money, you're making money, it just depends how much.

[-] nicetriangle@kbin.social 11 points 10 months ago

Yeah they jacked up prices and realized that while they may be losing customers, they're still making more money. They'd need to take a tangible financial hit to stop this shit.

This same basic math is going right now at every other company that decided to opportunistically price gouge us.

[-] lolcatnip@reddthat.com 1 points 10 months ago

It's prima facie evidence of price fixing. Not that I expect it to ever be prosecuted, or even seriously investigated.

[-] nicetriangle@kbin.social 1 points 10 months ago* (last edited 10 months ago)

I think maybe they make an example of a few companies but that the fines are considerably less than the windfall of cash the price gouging got them and the rest of the offenders out there (many of which I bet are even worse) will get off scot-free

[-] jimbolauski@lemm.ee 0 points 10 months ago

Price fixing is when multiple companies collude to raise the price, companies charging more on their own is not price fixing.

[-] lolcatnip@reddthat.com 0 points 10 months ago

Who says they're all doing it on their own?

[-] jimbolauski@lemm.ee -1 points 10 months ago

Do you have any evidence of collusion?

[-] lolcatnip@reddthat.com 0 points 10 months ago

The prices being kept in sync. Which I already said. There should be an investigation.

[-] jimbolauski@lemm.ee -1 points 10 months ago

That's not evidence that they are working together, it's not even enough to start an investigation.

[-] lolcatnip@reddthat.com 1 points 10 months ago

What do you think would be enough evidence to start an investigation?

[-] jimbolauski@lemm.ee -1 points 10 months ago

Hearsay that executives discusses setting prices, or that executives met or talked before the price hike.

[-] Makeitstop@lemmy.world 16 points 10 months ago

The really frustrating part is that cheap generic stuff skyrocketed too. Walmart embraced inflation enthusiastically, and their knockoff mountain dew went from $0.62 to $1.70. Supply chain issues I'm sure...

I used to get that stuff 10 bottles at a time, and it was one of the few things that made it worth going there. Now I just get whatever is on sale at the local employee owned grocery chain. The price difference is negligible, almost everything else is cheaper, and I get to support some place that isn't evil.

[-] TheSaus@lemmy.dbzer0.com 4 points 10 months ago

Yea it’s always good to support local businesses, i gave up my soda/pop since it got expensive and checked my locally-owned store instead, lo and behold they had more drink variety and usually for cheaper. Plus it means your money isn’t going to some already-rich company

[-] Talaraine@kbin.social 7 points 10 months ago

Yeah I too have their prices to thank for finally quitting their health damaging products.

[-] mx_smith@lemmy.world 2 points 10 months ago

Come on down to Philly, we’ll show you how tax sodas.

[-] Gruntyfish@lemmy.world 29 points 10 months ago

Soda price increases have done wonders for my health.

[-] CADmonkey@lemmy.world 3 points 10 months ago

Yours too? I swear I lost ten pounds just by drinking water and tea instead of soda.

[-] Gruntyfish@lemmy.world 2 points 10 months ago

Yeah, I think the main reason is cutting out all of the sugar that's in sodas. I also started drinking a lot of tea. Mostly chai, but it's much cheaper and without most of the sugar.

[-] CADmonkey@lemmy.world 2 points 10 months ago

I'm a dirty slut for iced tea, but not the cloyingly sweet stuff that you'll find in restaraunts. And you're right it's much cheaper. A box of 22 gallon-sized tea bags is like $5.

There is a great XKCD that shows comparisons for the amount of sugar in a soda, and it's wild. A 20 oz coca-cola has as much sugar as three cadbury creme eggs.

[-] CodeName@infosec.pub 24 points 10 months ago

The U.S. company said in October it planned "modest" price increases this year as demand held up despite rises, leading it to hike its 2023 profit forecast for a third straight time.

They will simply keep raising prices until demand plateaus. It has nothing to do with production costs or shipping costs- they will gauge us for every single penny simply because they can. And if sales drop they will still make more money than before because a bag of chips that used to be $2.49 is now $5.99.

[-] MotoAsh@lemmy.world 7 points 10 months ago

Good ol' capitalism. Everyone thinks it's having an open market, but nope! These are the innovations of capitalists: Attaining and retaining more capital than last quarter. That's it. That's all capitalism is good for: ripping off workers.

[-] IWantToFuckSpez@kbin.social 14 points 10 months ago

People should stop drinking sodas anyway.

[-] MurrayL@lemmy.world 12 points 10 months ago

PepsiCo owns far more than just Pepsi (Ocean Spray, Tropicana, Aquafina, Lipton, Quaker, Lay's, Cheetos, and many other brands)

[-] IWantToFuckSpez@kbin.social 8 points 10 months ago
[-] Corkyskog@sh.itjust.works 6 points 10 months ago

Oatmeal isn't too bad.

[-] lolcatnip@reddthat.com 3 points 10 months ago
[-] IWantToFuckSpez@kbin.social 3 points 10 months ago* (last edited 10 months ago)

water from plastic bottles are full of microplastics. Not to mention the water is often sourced unethically.

[-] hitmyspot@aussie.zone 1 points 10 months ago

Bottled water is bad for the planet and not worth paying for. I still do, on occasion, but let's not pretend PepsiCo sells any healthy food or essentials. All is discretionary. We should remind them.

[-] Damage@feddit.it 3 points 10 months ago

They sold Tropicana a couple of years ago

[-] Rade0nfighter@lemmy.world 8 points 10 months ago

Another example of inherently predatory “what the market will bear” pricing.

Thankfully in this instance it’s not an essential…

this post was submitted on 04 Jan 2024
178 points (98.9% liked)

World News

39026 readers
1209 users here now

A community for discussing events around the World

Rules:

Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.


Lemmy World Partners

News !news@lemmy.world

Politics !politics@lemmy.world

World Politics !globalpolitics@lemmy.world


Recommendations

For Firefox users, there is media bias / propaganda / fact check plugin.

https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/

founded 1 year ago
MODERATORS