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Author Topic: Aldi Announces Food Prices to Double in 2023  (Read 5886 times)

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Offline SeanJohnson

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Aldi Announces Food Prices to Double in 2023
« on: January 05, 2023, 07:46:38 AM »
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    • Aldi Reports That Prices Of Thousand Of Grocery Items Will Double In 2023

    https://gloria.tv/share/oYEd2eSkogcQ4M7ChRxqmc8GA 


    Aldi customers have always been loyal to the grocer due to its cheap prices and unique product range. However, the supermarket chain hasn’t been able to escape inflation and shortages in recent months. Shoppers have been furious at Aldi for doubling the price of hundreds of items, with some of them noting that larger competitors such as Walmart and Kroger are selling essentials at lower prices than the discount retailer, while others say that the amount of money they are saving at Aldi is not as great as it used to be. A flood of consumer complaints detail “unbelievable” price increases at stores in the past few weeks. But the company executives warn that the worst is yet to come given that the chain will be forced to pass “exploding costs” onto their customers this year. That’s what we’re going to expose in this video.
    After RetailWeek exposed last month that Aldi is raising prices at a higher rate compared to many other grocers, executives were forced to admit the obvious. “It would be ridiculous for me to sit here and say that our prices aren’t going up. Of course, they’re going up,” exclaimed Aldi international group managing director Niall O’Connor.
    In fact, just days before the end of 2022, the grocer announced that prices would “inevitably” have to rise further due to global inflationary pressures, revealing that hundreds of products were about to face increases of up to 50%. The latest price hikes are affecting pharmacy items, cleaning products, baked goods, snacks, frozen fruits and vegetables, and other several product categories.
    Milk and dairy are among the items that have faced the fastest price spikes, Yahoo reports. In the past two weeks, milk prices shot up by 20% at the supermarket chain. Similarly, the grocery shopping blog Simply Grocery Deals compared prices at the grocer over the past 12 months, and it found that chicken prices at Aldi rose above the national average of 22%, going up by 27.5% since January 2022.
    Meanwhile, shrimp went up by 25.6%, while ground beef soared by 28.21%, ham prices climbed 33.44%, and tuna surged by 31.13%. Fruits like cranberries are 23.26% more expensive at the retailer, and strawberries and blueberries are 12.5% higher than a year ago. Canned beans, apple pies, peanut butter, bread, and detergent have also experienced acute price spikes, the blog reports.
    On Reddit, thousands of users revealed that their go-to products at the retailer’s stores are now more expensive than ever. “The price increases at Aldi’s are breaking my heart,” said one user. It’s totally understandable why fans of the grocery chain are so angry and frustrated nowadays. Unfortunately, they are about to have more reasons to be upset with the retailer.
    In a December interview, Aldi customer interactions director Adrian Christie said that “grocery prices will rise further in coming months and shoppers will have to bear some pain while buying food items.” The executive explained that Aldi is being forced to “readjust” prices to cope with “exploding costs”. "Due to the situation on the world markets, we will experience jumps in sales prices that have never happened before," the supermarket chain announced. “It is likely to get worse before it gets better for consumers,” Christie highlighted. The era of cheap prices is far behind us. And it’s safe to say that many more challenges are coming for us in 2023.

    For more info, find us on: [color=var(--link-fg, #1a73e8)]Home - Epic Economist[/color]
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    Offline AMDGJMJ

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    Re: Aldi Announces Food Prices to Double in 2023
    « Reply #1 on: January 05, 2023, 12:53:54 PM »
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    • Wow...  Thank you for sharing. 

    We do most of our grocery shopping at Aldi's and I was wondering if it was just in my head that our grocery bill kept going up while buying the same things...  :facepalm:

    Good to know and be aware that things could start changing even more drastically soon. :pray:
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    Offline TheRealMcCoy

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    Re: Aldi Announces Food Prices to Double in 2023
    « Reply #2 on: January 05, 2023, 01:08:53 PM »
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    • Eliminating processed non-nutrient food has allowed more budget for the important things--beef, bacon, butter, eggs, high fat dairy, and green veggies. Oh....and coffee :laugh1:
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    Offline DigitalLogos

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    Re: Aldi Announces Food Prices to Double in 2023
    « Reply #3 on: January 05, 2023, 01:37:41 PM »
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    • Quote from: TheRealMcCoy on January 05, 2023, 01:08:53 PM
    Eliminating processed non-nutrient food has allowed more budget for the important things--beef, bacon, butter, eggs, high fat dairy, and green veggies. Oh....and coffee :laugh1:
    It's funny how that works out. Although you still need half your budget for eggs it seems :laugh1:
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    Offline Ladislaus

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    Re: Aldi Announces Food Prices to Double in 2023
    « Reply #4 on: January 05, 2023, 04:30:20 PM »
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    • ALDI has turned into a joke.  So, aroud here at least, they spent tons of money "remodelling" stores, have been employing shrinkflation or loss of quality (toilet paper was so bad you couldn't pull more than one sheet at a time since it would tear with the slightest pressure -- it was that thin -- but then they changed it back), etc.

    Most people never wanted a "Saks Fifth Avenue" experience at ALDI.  We actually appreciated that their "shelves" were just stacks of cardboard boxes on wooden pallets.  You felt that you scored if you got a free cardboard box and didn't have to buy a bag or two.  They started taking credit cards, which increase grocery costs by at least 3% (probably more).

    If they thought they would lure in millennials by spending huge amounts of money remodelling their stores (for which the consumers are paying with higher prices, lower quality, shrinkflation, etc.), hey, newsflash, nobody's ever going to think it "cool" to shop at ALDI.  Also, now that they made their store displays more aesthetic, there's much less room to store stuff, so they're always running out of things.

    I have an outstanding consumer complaint with them as of 3-4 days ago.  I had a can of sliced pears that was filled with botulism ... opened the can and it was solid black.  Obviously I'm not stupid enough to eat it, but what if I had cracked the can open in the dark (as I sometimes do after the kids are asleep) or if I had opened it when it had just started to form and didn't see it, as even trace amounts are fatal.

    Two weeks ago, my wife found a lady bug in their corned beef hash.

    Yesterday, we opened a package of cream cheese spread, recently bought, that was entirely curdled up and was a soupy mess.  None of these products were close to expiration.

    I will be calling them tomorrow I hope, as I already have an open consumer complaint.

    They also started treating their employess like garbage (related to us by said employees).  People used to love working there as, despite all their other cheapness, ALDI paid them significantly above the going wage for those types of positions, and treated them well.  Now their stores are understaffed, and their staff is overworked, and they hate it there, many of them leaving despite the higher wages.

    I'm close to being done with them, as I don't trust their food anymore (they're obviously cutting corners), and with the rising prices, you can get better deals by just buying the generic or off-brand products at the local grocery store of Walmart.
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    Offline Ladislaus

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    Re: Aldi Announces Food Prices to Double in 2023
    « Reply #5 on: January 05, 2023, 04:45:22 PM »
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    • So, ALDI got destroyed starting in 2015 with the new CEO ... just wrecked the company, and you know these idiots will get 20 million dollar golden parachutes after the chain goes bankrupt.

    When I worked as a software engineer for a big bank, the one I was at in 2008 went under due to that financial crisis.  I would joke that I should sell my services, "Hire me as CEO, and I'll put your company out of business at a deep discount, just $1 million per year compared to what most bank CEOs make."  That bank CEO had the temerity to put out a broadcast voicemail to all employees, most of whom were about to lose their jobs, assuring us that he and his family "would be OK".  Yeah, we're so worried about this guy that got a $25 million golden parachute for wrecking the bank by making bad loans.  That is literally how arrogant and "out of touch" these clowns are.

    So this bank, NationalCity, then got bought up for next to nothing by another bank, PNC, and PNC's new CEO had the nerve to talk to the employees laughing about how he got the bank for pennies on the dollar, while people fumed over the fact that he got rich while they lost 50% of their 401K savings (since NationalCity awarded 401K matches in NationalCity stock).
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    Offline Simeon

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    Re: Aldi Announces Food Prices to Double in 2023
    « Reply #6 on: January 05, 2023, 05:33:45 PM »
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    • The grocery store is killing me. I've recently decided to stop with meat and dairy, excepting eggs, butter, and parmesan cheese. Lots of complete veggie protein combos are much cheaper to prepare. Also doing one's own baking saves a lot of money. 
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    Offline TheRealMcCoy

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    Re: Aldi Announces Food Prices to Double in 2023
    « Reply #7 on: January 05, 2023, 07:43:32 PM »
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    • Quote from: Ladislaus on January 05, 2023, 04:45:22 PM
    That bank CEO had the temerity to put out a broadcast voicemail to all employees, most of whom were about to lose their jobs, assuring us that he and his family "would be OK".  Yeah, we're so worried about this guy that got a $25 million golden parachute for wrecking the bank by making bad loans.  That is literally how arrogant and "out of touch" these clowns are.

    The CEO of my company sends out an email every Monday morning sharing with us his thoughts that usually starts like this:

    Quote
    Janine and I were staying out our 5th beach house over the weekend.  While she was lunching with the girls, I laid on the pristine white sand and read 10 self-improvement books...it got me to thinking about the importance of creating value.  You know, I just want to say how much I value all of you because without you I would only own 2 vacation homes. So, to summarize....keep up the good work!


    This clown thinks he's connecting with "the little people" but has no clue how freakin tone deaf and out of touch he is.  OK boomer!
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    Offline Quo vadis Domine

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    Re: Aldi Announces Food Prices to Double in 2023
    « Reply #8 on: January 05, 2023, 07:53:47 PM »
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    • Quote from: TheRealMcCoy on January 05, 2023, 07:43:32 PM
    The CEO of my company sends out an email every Monday morning sharing with us his thoughts that usually starts like this:


    This clown thinks he's connecting with "the little people" but has no clue how freakin tone deaf and out of touch he is.  OK boomer!

    Seriously? No way I would believe anyone would write something like that.  Our “5th beach house”, seriously?
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    Offline SimpleMan

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    Re: Aldi Announces Food Prices to Double in 2023
    « Reply #9 on: January 05, 2023, 10:01:55 PM »
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    • Quote from: Ladislaus on January 05, 2023, 04:30:20 PM
    ALDI has turned into a joke.  So, aroud here at least, they spent tons of money "remodelling" stores, have been employing shrinkflation or loss of quality (toilet paper was so bad you couldn't pull more than one sheet at a time since it would tear with the slightest pressure -- it was that thin -- but then they changed it back), etc.

    Most people never wanted a "Saks Fifth Avenue" experience at ALDI.  We actually appreciated that their "shelves" were just stacks of cardboard boxes on wooden pallets.  You felt that you scored if you got a free cardboard box and didn't have to buy a bag or two.  They started taking credit cards, which increase grocery costs by at least 3% (probably more).

    If they thought they would lure in millennials by spending huge amounts of money remodelling their stores (for which the consumers are paying with higher prices, lower quality, shrinkflation, etc.), hey, newsflash, nobody's ever going to think it "cool" to shop at ALDI.  Also, now that they made their store displays more aesthetic, there's much less room to store stuff, so they're always running out of things.

    I have an outstanding consumer complaint with them as of 3-4 days ago.  I had a can of sliced pears that was filled with botulism ... opened the can and it was solid black.  Obviously I'm not stupid enough to eat it, but what if I had cracked the can open in the dark (as I sometimes do after the kids are asleep) or if I had opened it when it had just started to form and didn't see it, as even trace amounts are fatal.

    Two weeks ago, my wife found a lady bug in their corned beef hash.

    Yesterday, we opened a package of cream cheese spread, recently bought, that was entirely curdled up and was a soupy mess.  None of these products were close to expiration.

    I will be calling them tomorrow I hope, as I already have an open consumer complaint.

    They also started treating their employess like garbage (related to us by said employees).  People used to love working there as, despite all their other cheapness, ALDI paid them significantly above the going wage for those types of positions, and treated them well.  Now their stores are understaffed, and their staff is overworked, and they hate it there, many of them leaving despite the higher wages.

    I'm close to being done with them, as I don't trust their food anymore (they're obviously cutting corners), and with the rising prices, you can get better deals by just buying the generic or off-brand products at the local grocery store of Walmart.

    They may be trying to copy Lidl, which is basically the same concept as Aldi, but more gussied-up, bakery in the store, more name brands, and so on.  And then there is Trader Joe's, which is so prissy and frou-frou that I can barely stand to go in the place, think Volvos with Hillary "I'm with her" stickers, but that said, their chicken tikka masala is off-the-chain good (you need two of them to make a decent-sized meal). TJ's is basically the poor man's Whole Foods.
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    Offline EWPJ

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    Re: Aldi Announces Food Prices to Double in 2023
    « Reply #10 on: January 05, 2023, 11:39:25 PM »
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    • Aldi.....Gree-di   

    Fixed for the OP.
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    Offline Viva Cristo Rey

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    Re: Aldi Announces Food Prices to Double in 2023
    « Reply #11 on: January 06, 2023, 09:25:50 AM »
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    • Local Farmers aren’t get fair pricing.  If a farmer asks for money greedy ceo brags about getting product from a poor country cheaper.  American  and European companies operate in poor countries where these rich countries pay workers $2.00 American a day.  
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    Offline Viva Cristo Rey

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    Re: Aldi Announces Food Prices to Double in 2023
    « Reply #12 on: January 06, 2023, 09:30:41 AM »
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    • Quote from: TheRealMcCoy on January 05, 2023, 07:43:32 PM
    The CEO of my company sends out an email every Monday morning sharing with us his thoughts that usually starts like this:


    This clown thinks he's connecting with "the little people" but has no clue how freakin tone deaf and out of touch he is.  OK boomer!
    What a dirt bag that man is.  They look down us all.  
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    Offline Viva Cristo Rey

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    Re: Aldi Announces Food Prices to Double in 2023
    « Reply #13 on: January 06, 2023, 09:40:45 AM »
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    • They have been playing games with pricing for years before covid.   Price increase for cereals while boxes were smaller.  

    I recently made chicken tiki masala at home. It turned out tasty.  It wasn’t that difficult either.  

    Lol yeah.  Liberals love going to Whole Foods and moms.  Certain things are cheaper than our local grocery store monopoly.   Also, aldis , Whole Foods etc are not inclusive after all, they won’t build unless an town has money and a college education.  

    Best thing is to visit farms directly. And if you can , have your own garden. 
    These nitwits are talking about creating crops that have the covid poison already in them.  Something like round up ready soybeans and corn.   
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    Offline Meg

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    Re: Aldi Announces Food Prices to Double in 2023
    « Reply #14 on: January 06, 2023, 09:56:45 AM »
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    • Quote from: Ladislaus on January 05, 2023, 04:30:20 PM
    Yesterday, we opened a package of cream cheese spread, recently bought, that was entirely curdled up and was a soupy mess.  None of these products were close to expiration.

    I will be calling them tomorrow I hope, as I already have an open consumer complaint.

    It's a good idea to call them and complain.

    I recently retired from working part-time for a grocery subsidiary of Kroger (a competitor of Aldi), and have to say that I was distressed at some of the things that I saw before I retired.

    The problems were mainly due to shortage of staff. I recall that we had big pallets of dairy freight that would be left out in the stockroom for many hours, because there was no one to work them to the floor. Those pallets are only supposed to be left out for an hour at most. What this means is that if left out too long, the dairy products might not have much of a shelf life to them. It might not go bad right away, but would have a decreased shelf life. Or it would go bad fairly quickly. Or, the dairy might have been left out too long somewhere along the line in the distribution system. In any case, it's a good idea to complain.
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