Saturday, August 10, 2024

The Spam Indicator

Costco and Hormel are again running their semi-annual Spam sale.

In March the sale price on an eight-pack was $22.99-$5.00=$17.99.

This month both the list price and the discount are a dollar higher, so the net price is the same ($23.99-$6.00=$17.99). At $2.25 per can, the sale price was the same as it was in October, 2022.

If I were part of the Biden-Harris Administration I would trumpet this as a sign that food inflation has abated, but I doubt that many of them purchase canned luncheon meat, and even fewer track its prices.

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