Prices are constantly fluctuating and unpredictable — which makes them much easier to raise.
Blame the rise of e-commerce for at least some of the inflation we're seeing — we no longer live in a "Price is Right" world where any given item has a knowable true price that is broadly unchanged from day to day or from store to store. Instead, prices are constantly fluctuating and unpredictable — which makes them much easier to raise.Prices, like phone numbers, are things we don't need to remember — we can look them up on the internet if we need to know them.
If the restaurant menu is a QR code, on the other hand, raising prices is just a matter of changing numbers on a single web page. That's why e-commerce outlets generally change their pricesare now following suit: E-ink displays at supermarkets can change as frequently as a price on Amazon, while a single item from a single restaurant can have aIt's becoming increasingly hard to know what anything is supposed to cost.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Changes in the meat industry are factoring into higher brisket pricesAccording to the ranchers and retailers, that extra $6 we pay for brisket is going into...
Read more »
Four hidden reasons food prices are crazy right nowDrought, a chicken illness, war in Ukraine and politics at the border are adding to supply-chain disruptions and driving higher food prices.
Read more »
EUR/JPY Price Analysis: Negative divergence between price action/RSI, to drag prices towards 137.50EUR/JPY Price Analysis: Negative divergence between price action/RSI, to drag prices towards 137.50 By christianborjon EURJPY Crosses Technical Analysis
Read more »
'I was dumbstruck:' Families grapple with rising gas, plane ticket prices ahead of summer travelSummer plans are up in the air for many and people juggle inflation, gas prices and new health regulations. FOX13
Read more »
Alcoa draws downgrade from Citi on aluminum pricesAlcoa undefined shares on Friday fell 0.7% in premarket trades as the stock extended a big loss of 16.9% in regular trades on Thursday. Citigroup analyst...
Read more »
As home prices climb, 42 micro units to be built near downtown AustinUrban residential and commercial community developer StoryBuilt announced this week it is building 42 micro units on South First Street in Austin.
Read more »