"In Early 2022, Prices Will Be Going Up 20 To 25 Percent On Thousands Of Different Products"

 Source:

http://themostimportantnews.com/archives/in-early-2022-prices-will-be-going-up-20-to-25-percent-on-thousands-of-different-products

"If you think that inflation is bad now, just wait until we get into early next year.  

As you will see below, some of the biggest corporations in the entire country have just announced major price increases which will take effect during the first few months of 2022.  

So if there are some things that you want to stock up on, you may want to do it now, because your money won’t stretch as far once we get a few months down the road.  

... Earlier today, I was stunned to learn that General Mills has announced that prices on “hundreds of items” will be jacked up dramatically in early 2022.

 In some cases, prices “will go up by around 20%”…

    General Mills (GIS) notified retail customers that it’s raising prices in mid-January on hundreds of items across dozens of brands. They include Annie’s, Progresso, Yoplait, Fruit Roll-Ups, Betty Crocker, Pillsbury, Cheerios, Cinnamon Toast Crunch, Lucky Charm’s, Wheaties, Reese’s Puffs, Trix and more, according to letters General Mills sent to at least one major regional wholesale supplier last week.

... General Mills is not the only large corporation that will be doing this.

According to CNN, Tyson Foods, the Kraft Heinz Company, Procter & Gamble, and Kimberly Clark have all announced significant price increases for 2022…

    General Mills’ plans are the latest evidence that rising prices won’t be going away anytime soon for some of the most recognizable food and household brands. The company is the latest consumer manufacturer to announce price hikes beginning next year, joining Tyson (TSN), Kraft Heinz (KHC), Mondelez (MDLZ), Procter & Gamble (PG), Kimberly Clark (KMB) and others.

In my entire lifetime, I have never seen anything like this.

Things are going to be changing at your local dollar store too.

... After 35 years of selling goods for a buck, Dollar Tree is boosting its standard price point to $1.25 by the end of April, the company said in a statement Tuesday.

While the decision is “not a reaction to short-term or transitory market conditions,” Dollar Tree acknowledged the inflationary environment and said the price boost will help mitigate historically high costs, including freight and distribution expenses, as well as wage increases.

    “Lifting the one-dollar constraint represents a monumental step for our organization,” Chief Executive Officer Michael Witynski said in the statement.

The move will allow Dollar Tree to expand its product assortment and reintroduce some items that were pulled due to the $1 constraint.

... Many readers may think that a 25 cent increase is not that big of a deal, but for the millions of impoverished Americans that regularly shop at dollar stores that will really add up.

Suddenly moving from $1.00 to $1.25 is a 25 percent price increase, and that change will literally apply to thousands upon thousands of different products.

... Americans overwhelmingly disapprove of President Joe Biden’s handling of the inflation crisis (67%), according to the results from the latest CBS-YouGov Poll.

    There were 33% of Americans that did approve, though, which is just 11 points less than Biden’s presidential approval rating of 44% in the poll.

... Fed Chair Powell and his cronies pumped trillions upon trillions of fresh dollars into the system in order to prop up the financial markets, but in the process they have unleashed a tsunami of inflation that is unlike anything we have seen since the 1970s." ...