The average price of coca-cola during this period of time, adjusting for inflation, has been $1.89, and the most current price of $2.69 is 42.33% above that average.
It’s not price gouging, there’s no coca cola shortage and it’s not a necessary for life good. You’re acting like you can’t just stop buying it
And yes, the price people willing to pay for some goods is a reasonable price for them, unless it’s some necessity or it’s some disaster area. If it was unreasonable, people wouldn’t pay that price. Especially for something like coca cola
Sorry… how is a price increase that is not justified by inflation not price gouging?
Price gouging has nothing to do with what is necessary and Coca-Cola is being used as an example. I’m not why you think this is singly about coca-cola.
I think this simply depends on your definition of gouging. If I used “to charge someone too much money for something, in a way that is dishonest or unfair” as I found from google, one could argue that the increase was justified by some others means that didn’t qualify as dishonest or unfair, which is also subjective.
It’s justified by inflation, inflation is an average.
For example, if thing A goes up 20% and thing B goes up 0% we say the inflation is 10%. You will complain that A went up faster than the inflation. But you’re cherry picking the data, since you ignored B not going up
The market gave them an excuse to raise prices.
You don’t have to take my word for it.
https://moneynotmoney.com/historical-price-of-coca-cola-in-united-states/
Because consumers will pay those prices. Nobody forces you to drink coca cola
Sorry… you’re arguing that corporate greed and price gouging are acceptable things because enough people are willing to pay that price anyway?
It’s not price gouging, there’s no coca cola shortage and it’s not a necessary for life good. You’re acting like you can’t just stop buying it
And yes, the price people willing to pay for some goods is a reasonable price for them, unless it’s some necessity or it’s some disaster area. If it was unreasonable, people wouldn’t pay that price. Especially for something like coca cola
Sorry… how is a price increase that is not justified by inflation not price gouging?
Price gouging has nothing to do with what is necessary and Coca-Cola is being used as an example. I’m not why you think this is singly about coca-cola.
I think this simply depends on your definition of gouging. If I used “to charge someone too much money for something, in a way that is dishonest or unfair” as I found from google, one could argue that the increase was justified by some others means that didn’t qualify as dishonest or unfair, which is also subjective.
Okay, what was the justification for raising the price significantly higher than would match inflation?
It’s justified by inflation, inflation is an average.
For example, if thing A goes up 20% and thing B goes up 0% we say the inflation is 10%. You will complain that A went up faster than the inflation. But you’re cherry picking the data, since you ignored B not going up
I see, you didn’t actually read the article.
Inflation is lumped together with cost of living. Those are not the same