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Consumer Attitudes About No Repricing in Supermarkets
Published online by Cambridge University Press: 10 May 2017
Extract
In 1974 the price level for food as measured by the Consumer Price Index increased by 14.4 percent. During this period supermarkets received wholesale price increases on up to 800 individual lines of merchandise per week. In keeping with traditional practices the industry would pass the wholesale price increases to the consumer by pricing the new merchandise and existing shelf inventory to reflect higher wholesale costs. It was not uncommon during this period for consumers to find two, three, or more old price markings on an item replaced by a higher price.
- Type
- Research Article
- Information
- Journal of the Northeastern Agricultural Economics Council , Volume 6 , Issue 1 , April 1977 , pp. 93 - 106
- Copyright
- Copyright © Northeastern Agricultural and Resource Economics Association