Monday, October 20, 2008

Yeah, Sticky's Not Usually a Good Thing....

Sticky fingers. Sticky floors. But "sticky" prices? They apparently aren't as easy to clean up.

I saw this article today, which points out the good news about the price of oil going down, but mainly talks about the bad news--the food prices won't be coming down as quickly, if they come down at all. According to the article, "You can blame "sticky" prices. That's what analysts call it when companies slap higher prices on products and keep them there even though the rationale for the price hikes - such as soaring oil prices - is gone."

If you read the article in its entirety, there is interesting information about how one of the only ways that prices go down is when companies compete with each other, which it would seem hasn't been happening lately. Deflation, also mentioned, apparently occurs when the economy gets worse and demand falls, so that wouldn't be a cheerful way to "unstick" the prices--I think I'll root for good old-fashioned price wars.

In terms of food storage, I'm just going to go on slow and steady and then zoom in on the occasional price break--they do happen, but sometimes if you blink you will miss them.

Hey, this post may be short and (not so) sweet, but at least it's not sticky... :)


The Scavenger said...

Price wars, now thats something that we haven't had in a long time. I'm all for it. Let the wars begin.


Ron said...

I'm enjoying the deflationary spiral while it lasts, even if it does smack of 1930. :)

That's exactly what we do... slow and steady. When Mac 'n Cheese is on sale at 4/$1, we clean out the shelves.

I grew up eating dry pancakes because I couldn't stand the sticky syrup bottle. :)


Marie said...

Chris--Wouldn't that be nice? I wish I knew how to trigger one... :)

Ron--That's how we shop---sometimes it's hard to be patient for sales like that to come along, though, and around here, the 4/$1 are getting harder and harder to find. I hear you on the syrup bottle thing--I'll brave it for pancakes, but I usually eat my waffles with just butter anyway. :)

Thanks for your comments!