It's a stupid suggestion anyway. Most breakfast cereals are basically pure carbs, with nothing in the way of protein and very little fiber. You can get some protein in the milk, but that's not the cereal itself anyway, and also has a surprising amount of sugar. Two meals a day of breakfast cereal is not a nutritious diet.<p>Once in a while as a treat, sure, given that they're basically crappy candies anyway, but you shouldn't be living on mostly breakfast cereals. The affordability argument dissolves when you're trying to actually get a reasonable nutritious balance from them, given that the average bowl of cereal gives you about a tenth your needed daily calories.
The Guardian had a better headline: "Let them eat Flakes" (<a href="https://www.theguardian.com/us-news/2024/feb/27/kelloggs-ceo-cereal-for-dinner" rel="nofollow">https://www.theguardian.com/us-news/2024/feb/27/kelloggs-ceo...</a>)
All the processed cereal aisle is so bad for your health. The problem isn't that Kelloggs raised its prices, the problem is that such big corporations sell junk food at such a low price in the first place.
> There are reports that the calls for the boycott of the brand are already starting to have some effect... some shoppers have already started to see Kellogg’s cereals for prices as low as 99 cents on supermarket shelves.<p>I'm confident that's isolated to a few stores with a nice discount going on rather than an across the board change coming down from Kellogg. They aren't going to knock the price down to less than a third of what it cost last week because of a boycott, they'd set the price to whatever it was right before people started complaining.<p>If they moved it from $3.27 to $.99 because of pressure, they wouldn't be able to raise the price back to what it was again for years. And this boycott isn't nearly big enough for them to be doing something like that. I think that's what you'd do if a mob was actively straining against the locked doors of your corporate headquarters, rather than another angry group complaining on the internet.<p>Not that Kellogg aren't bastards, I'm just saying let's be real about the effectiveness of internet boycotts.
I suspect all the “greedy companies jacking up prices” stories lately are in service of this year’s election cycle.<p>Trillions extra in government spending without a corresponding increase in production created high inflation. Now, like a frosting-smeared toddler standing next to an empty cake pan, they’re pointing the finger at the family dog. Greedy corporations, pay their fair share, we’ve seen this tired trope before.
This is not the first time they have shrunk their product.<p>They did the same thing after the 2008 banking crisis.<p>I would say let them do it if they want, it is their business to make those decisions.<p>But I would like to have an independent group that looks into all the additives in processed foods. Far too many things allowed in food in the US is banned in Europe.
Up 17.1% in a single, cherry-picked year. How does this stack up against inflation more broadly? It's a terrible trope in financial reporting to write a whole article about one data point, out of context.
A simple solution is to stop eating cereal, especially Kellogg's.<p>I think we've forgotten that we have a choice and can buy someone else's product or service.
I wish there had been a price tracker for walmart like there is for amazon (camelcamelcamel)<p>Because all the food as essentially doubled in price over the past three years, some only 150% but still, that's crazy.<p>It was a slow creep. And it feels like it was engineered by AI, not market demand.<p>generic, plain Corn Flakes used to be $1 for a 18 ounce box, they are now $2.25<p>and corn is one of the most heavily government subsidized industries in the USA
greedflation is real. It’s real because of competition drying up. Lina Khan is either incompetent or corrupt or both.<p>The more consolidation we have at the top, the more power they have to raise their prices without consequences.
Usually raw food is cheaper per calorie and macronutrients than any processed food. To me it seems that a box of kellogs costs like almost twice per gram of legumes. And they have the benefit of actually being tasty if properly prepared.
Marketing has jumped the shark. This is very stupid -sure college kids eat cereal for their three meals because they’re in a bind (time, money, etc) but they have their health, for the most part.<p>So this is silly.<p>But so is the president when he complains about shrinkfkation using his exaggerated Jim Carey face from the grinch.<p>The complicated policy led to this. Companies either raise prices or sell you less for the same price. This is transparent posturing.
I think it goes beyond not eating cereal and doing our best to avoid eating highly processed foods in general. I think it’s as simple as reading the label, and if you don’t understand the label, you shouldn’t be eating it.<p>Box foods, most canned foods, dare I say, most of the foods in a grocery store are highly processed, chemically engineered, with little nutrition value. I’m not a food scientist, but I think we can do better making our own meals, than depending on highly processed boxed/packaged foods from the grocery store.
The term "Greedflation" is the stupidest thing to come out of the last couple years and is pure propaganda. It's a misunderstand of cause and effect. It's pushing blame for a problem the government created onto companies for not just eating the loss. It's absurd.<p>The economy was mismanaged and we had a massive spike in inflation. Your costs went up, businesses costs went up. Everyone's did. To maintain their business they are forced to raise their prices or shrink their product. Blaming inflation on "greed" is literally scapegoating.<p>The idea that businesses should keep their prices the same in spite of dwindling profit margins is just silly.<p><a href="https://www.economist.com/leaders/2023/07/06/greedflation-is-a-nonsense-idea" rel="nofollow">https://www.economist.com/leaders/2023/07/06/greedflation-is...</a>