throwawaylastsupper

throwawaylastsupper OP t1_irpkbia wrote

Not overall prices.

But....fuel prices will go down eventually. They always do. Which will in turn affect the pricing (one would hope) of many other products on which businesses rely

And, the costs of individual items will settle back into normalcy eventually. Supply and demand. Wendys used to charge for tomatoes when there was a tomato shortage. No shortage now, so they don't. And so on.

So, again, when prices settle back into a more normal non-inflated price range....will restaurants adjust their prices accordingly? No, probably not. Again, toothpaste in the tube.

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throwawaylastsupper OP t1_irnvfdi wrote

I understand inflation. I understand that prices have been going up everywhere.

And yet, the other pizza places have kept their prices relatively stable.

There is difference in inflation price increases and 25% price increases that feel very much intentional.

I will say that Sally's just went from being slightly higher than Pepe's and Modern to being significantly higher than both. It's just a pretty bold move.

Also Sallys just started up with Goldbelly recently. Makes me wonder if these price increases are subsidizing the Goldbelly business.

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throwawaylastsupper OP t1_irnu666 wrote

True.

What I know of business, though, is that price increases should come incrementally. So much so that people just don't notice it. They just get used to paying 50 cents more for a pizza. When you increase prices so much that it is noticeable, you risk losing customers.

It seems like the equity group is leaning into one-timers or first-timers, people who won't know the difference. People who are traveling to try it, so they are willing to pay whatever.

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throwawaylastsupper OP t1_irntprp wrote

I am not inherently opposed to price increases. (Although the dangerous thing is....you can't put toothpaste back in the tube, ya know? Eventually prices will regress, and the economy will be back on stable footing.....and will restaurants lower their prices back to pre-inflation levels? Of course not.)

I understand that price increases and inflation have been an issue everywhere, I do. 8-10% is understandable. Although...for two price increases in less than 6 months is a bit much. At my place of work, we have a price increase once a year. But, for a small tomato pie, the price increase was 25%. That is a pretty massive increase, percentage-wise. Especially when the most expensive part of any pizza is the cheese. So, for a cheese-less pizza to have the highest increase of all the pizzas is....strange.

As far as the large pizzas, my mistake. I could have sworn I had seen them on there before. Maybe I was mistaken. I don't order large pies so it doesn't affect me either way. I just happened to notice, so it did make me wonder.

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