Quote:
Originally Posted by thinkxingu
Among the things I am not savvy is product pricing, relationships, etc. Can you explain how beef prices will affect beer prices?
Also, as best I know, the increase in prices is the result of a series of setbacks—JBS cyberattack, leftover pandemic issues, increased exporting, etc.—combined with increased demand. I don't usually associate those types of events with inflation per se, but rather temporary glitches vs. long-term ratios of production vs. buying cost.
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The people who sell the beer will raise their prices so the can buy the expensive beef. This is called a spiral of inflation. It’s not just the beef that is rapidity increasing. Blame what ever you want. This is a perfect storm.