What’s going on with prices? Other than the fact they keep going up, it’s
What I do know is it’s a complex issue, and there is no simple answer other than it will end—everything comes to an end. There will be bumps in the road, but it will end.
And, please, I don’t mean to make light of it—it is a serious problem. But every day we hear different interpretations, such as “it’s transitory,” but transitory for how long? We face it every day, especially at the gas pump—and we all know that ALL products have to be transported to market via one means or another requiring some form of fuel and, as fuel prices rise, the product prices rise commensurately.
The other issue we hear is “supply chains” are breaking down. In our business, we have seen less of this, although we have experienced some delays in product delivery and short shipments. It is only temporary and, certainly nothing like the consumer “panic” at the onset of COVID-19.
Our conversations with our suppliers, producers, and farmers are ongoing—all are concerned about prices, but all are doing their best to keep increases at a minimum. We are doing the same, understanding full well the pressure it puts on the consumer.
At Moody’s, we’re doing our best to maintain price parity and will continue to do so. The one thing we will NOT do is compromise on the quality of the products we offer to our customers.
Thank you for your understanding.