Franchise News
CNN: Supermarkets Get Trump Bump. Food Prices To Jump?
Last week’s election led to market inflation for grocery stores, but more expensive groceries might not be as bad as it sounds
There’s a lot of “what if’s” here, but the way the market is heading, we can potentially expect to see prices at grocery stores increase. After last week’s presidential election, according to CNN, stocks for major grocery stores increased significantly.
“So what does going to the store to buy meat and potatoes have to do with Trump? Simply put, the market is betting that Trump's stimulus plan will lead to more inflation,” writes CNN.
While shoppers may be less thrilled at the prospect of more expensive groceries, CNN reports that if Trump’s financial plans put more money in consumer’s pockets, they’ll be able to afford groceries regardless whether or not prices increase.
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About the Author
Nick Powills
FollowNick Powills, CFE, founded No Limit Agency in 2008 and serves as Chief Brand Strategist for the Chicago-based firm. No Limit is a full-service communications agency that establishes and elevates brands by bridging Public Relations, Social Media, Marketing, Advertising, Digital, and a lot of creativity, to best strategize well-rounded and successful campaigns for 50+ global franchise brands. By presenting visionary ideas and building real relationships, No Limit is able to create effective media branding strategies to help companies grow. Nick currently leads a staff of writers, media strategists, designers, social media experts and digital producers in an office think-tank where brands are humanized for strong, compelling media stories. Prior to starting No Limit at the age of 27, Nick spent four years working at a franchise PR agency where he mastered the art of building rapport with media outlets and creating newsworthy pitches for earned media placements. He holds a Bachelor of Journalism from Drake University in Iowa.
