this post was submitted on 01 Jul 2026
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Price hikes pushing consumers to abandon their favorite brands (www.denver7.com)
submitted 3 weeks ago by sanitation@lemmy.today to c/technology@lemmy.world
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[–] MangoCats@feddit.it 4 points 3 weeks ago* (last edited 3 weeks ago)

Clue: products' retail prices have almost NOTHING to do with what they cost to produce and deliver and sell to you. It's almost entirely about what people are willing to pay.

A lot of people are willing to pay more for a product they perceive as more expensive to produce, but that perception is often far from the truth.