Re: Biden economy prices Pacific NorthWest May 15, 2024

[Bob F <bobnospam@xxxxxxxxx>]

On 5/18/2024 4:32 PM, Akidasar wrote:
> On Sat, 18 May 2024 15:19:52 -0700
> Bob F <bobnospam@xxxxxxxxx> wrote:
>
>> Funny how corporate profits are growing way faster than product
>> prices, isn't it.
>
> Funny how you just lied through your teeth.
>
> https://www.rappler.com/business/high-rice-inflation-until-july-2024-market-price-going-up/
>
> High rice inflation could linger until July as market prices keep going
> up
>
> Prices for rice continue to climb as rice inflation stands at 24.4% in
> March 2024,
>
>
>
> https://www.investing.com/equities/cargills-(ceylon)-ratios
>
> Net Profit margin TTM	2.7%
>
> https://ycharts.com/companies/BG/gross_profit_margin
>
> Gross Profit Margin (Quarterly) Range, Past 5 Years
> -9.47%
> Minimum
> SEP 2019
> 11.68%
> Maximum
> JUN 2020
> 5.61%
> Average
> 6.02%
> Median

"Inflation has come down significantly from its peak over the past year,
yet prices remain high for American consumers. As supply chain snarls
have receded and the economy has stabilized, businesses continue to pad
their bottom lines, rather than passing these savings on to consumers."


https://groundworkcollaborative.org/work/inflation-revelation-how-outsized-corporate-profits-drive-rising-costs/