Everyday Americans Are Being Forced to Face “Real Hardships” Due to Inflation, According to a New Report From the Pew Research Center’s Center for the Study of Inflation.$10 Toothpaste & $6 Gas

HNewsWire- As inflation surges to multi-decade highs, consumer goods corporations are hiking prices on 'basic daily' products for Americans. American giant Colgate-Palmolive just introduced a new pricey toothpaste range, according to Reuters.

CEO Noel Wallace said last week that Colgate-new Palmolive's Optic White Pro Series toothpaste was "essential" to the company's pricing power. A 10-dollar bottle of premium toothpaste with a capacity of three ounces will be available.

It's worth noting that the average price of popular toothpaste brands in 2019 ranged from $4 to $6 on Statista's website, with a 2-pack costing roughly $10-12 on camelcamelcamel.com last year...

Due to growing raw material costs, labor shortages, and freight rates, consumer products businesses raised prices last year. Consumer mood has fallen to an eleven-year low as a result of rising costs. However, politicians and consumer advocacy organizations are examining consumer goods corporations for jacking up prices to boost profits and return money to shareholders.

On "nearly every thing customers buy," said U.S. Representative David Cicilline, who has introduced antitrust legislation aimed at lowering costs. "

Those difficulties they're inflicting are genuine." According to Cicilline, "people are removing items from their shopping carts because they are finding them to be too costly.

Many businesses are boosting prices, not just those in the consumer products industry. This is also being done by big box stores like Walmart and Target.

Procter & Gamble, Kraft Heinz, Kroger, and Walmart are all under investigation by the Federal Trade Commission for allegedly driving up costs.

Claims of price rises, excessive costs, and dividends to shareholders have been made by Cicilline in a statement to Reuters. In the previous year, Colgate raised its share repurchases by over 50 percent.

For Wallace, price increases are a "critical capacity" for generating profit and expanding the company.

Ahead of the midterm elections, the White House is actively scrutinizing corporations for unreasonable pricing rises. On Tuesday, Vice President Biden addressed the administration's concerns about inflation in his State of the Union speech.

The vice president stated, "Too many families are struggling to pay their obligations." Because of inflation, they're losing out on what they would have otherwise gained." It's clear to me now. As a result, bringing down pricing is one of my primary priorities.

So, if $10 toothpaste is too much for you. Ukraine's political turmoil is causing global commodity markets to rise beyond $120 a barrel, which means the national average price of gasoline in the United States might soon reach $4-6 per gallon.

Democrats are in a state of panic because they are unable to rein in inflation in time for the November elections. What's next, pricing controls?

 

Putin: I Rule through tyranny, fraud and force but once the fraud is exposed, I must Rely exclusively on Brutal force.”

Profile-199

Meet Moses! He's a young man who grew up in the most challenging circumstances. Today, he has larger-than-life goals to achieve something extraordinary.

 

 

Profile-18

Newsletter

Support Orphans

orphans-1

Editor's Bio

A Long Journey Home Book Cover

A Thrilling Ride

Every once in awhile, a book comes across your path that is impossible to put down. A Long Journey Home is not a casual book that you read in a week or earmark to complete at a later date. Once you begin, cancel your schedule, put your phone on silent, find a quiet place where you cannot be disturbed, and complete the journey. Click Here to Purchase on Amazon.com!

Recent News

Watchman: Banks, Real Estate, and Insurance Companies Crush The People Injustice Is a Form of Bondage and Oppression

The Bible has a lot to say on the subject of injustice. We know that God is in favor of justice; we know that He ...
Read More

Satan Soldiers, Biden, the Who, the FDA, the NIH, Pfizer, Moderna, and Others Who Were Complicit in Killing People Should Be Put On Trial for These Horrible Deeds

HNewsWire: Not Pfizer, but mRNA vaccines from both Pfizer and Moderna are to blame. Many mRNA vaccine recipients have had a variety of side effects, including ...
Read More

Watchman: Destruction of the Family

HNewsWire: Children are the prize to the winners of the cultural war. Those who control what young people are taught and what they experience will ...
Read More

Watchman Warning: Get Ready For The Next One The Next Plandemic: Smallpox, Marburg, or Both? Fear Works on The Weak and Christ Haters

If you've been wondering what the next phase of this public health insanity is going to look like, your wait is over. There Are Two ...
Read More

Watchman: Hitler’s Play Book, This Is Looking More and More Like the 3RD Reich… And That Biden’s “Set” For His “Rant” Tonight Was Pure Hitler-Esque. And Remember… Hitler Disbanded All Opposition Political Parties… Satan Soldier Biden’s Regime Is Laying the Groundwork

SRH: Once Again We See Our Gov Attacking American's-DOJ Announces Hate Crimes and 'Bias-Related' Initiatives Including Reporting Hotline. Hitler Play Book,He Was Exceptionally Good at This, ...
Read More

The Watchman: Daily Devotion, “Radical, Corrupt Governments” Similarly, the Term (Osheq) “Oppression” Has Two Primary Meanings: (2) “Extortion” (As in Isaiah 54:14). AKA Global Governments–New Word Order Fools!

Daily Devotional: Ecclesiastes 5:8 tn Heb "robbery." The noun  (gezel, "robbery") refers to the wrestling away of righteousness or the perversion of justice (HALOT 186 ...
Read More

Reach People

Place Your Ad Here

Leave a Comment