Inflation & Sky-High Prices Are Popular On TikTok

Bryan Dijkhuizen

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Note From The Author

The opinion of the author is his own and has no affiliation with the topic that was included. Sources that are used in this article are the following: Insider and for information about individuals, he used Wikipedia.

#Inflation

TikTok users who are astounded by the sky-high pricing of common things at the local grocery stores are documenting their experiences on the app, and they are becoming the face of the true effect that inflation is having.

Insider earlier reported that according to the Bureau of Labor Statistics, consumer prices in the United States rose by 9.1% in the month of June.

This was the greatest increase in consumer prices in more than 40 years, which led to an increase in the cost of living. There are a number of economic reasons that lead to inflation; however, supply chain disruptions caused by pandemics have been the primary driver of price increases in food and energy since 2020.

These price increases have accelerated since Russia's invasion of Ukraine.

TikTokers are now providing the app with material that we will refer to as "InflationTok" content. In this video, they are putting theoretical economic notions into practice.

In a statement sent to Insider, a spokeswoman for Dollarama said that the company's "multi-price point approach" is "a fundamental aspect of our business model" and that it was "first established in 2009." In order to "keep our relative value on the market and increase our total product offering within our established product categories," they announced that beginning this summer, they would begin progressively adding goods that would cost up to $5.

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