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Amazon Just Made Shopping at Whole Foods Cheaper (businessinsider.com)

Posted by msmash on from the amazonization dept.

Whole Foods just got less expensive. From a report: On Monday, the day that Amazon's $13.7 billion acquisition of the grocer went through, prices on certain Whole Foods items immediately dropped. On Friday, Business Insider visited a Whole Foods location in the Gowanus neighborhood of Brooklyn, New York, and checked the prices on 15 items (including a few variations on similar items) mentioned by the companies. The total cost of the basket on Friday -- pre-acquisition -- was $97.76. On Monday, we returned to the Gowanus Whole Foods and checked back in on the same items. This time, the total cost of the 15 items was $75.85. That's a nearly 23% drop in the total cost. Whole Trade Banana: 30 cents (Price dropped to $0.49 a pound from $0.79). Lean Ground Beef: $2 (Price dropped to $4.99 a pound from $6.99). Local Grass-Fed 85% Lean Ground Beef: $4 (Price dropped to $6.99 a pound from $10.99). Four-pack of Organic Avocado: $0 (Price stayed at $6.99 for a pack of four). Hass Avocados: $1.01 (Price dropped to $1.49 each from $2.50) for instance.

1 of 248 comments (clear)

  1. Re:Lower prices, at first. by Uberbah · · Score: 0, Troll

    A recent report [chicagofed.org] from the Federal Reserve Bank of Chicago that compares tax rates in the US and Germany shows that the difference is quite a bit more than "not by much". By almost any measure of tax burden (other than corporate taxes), Americans have a significantly lower tax burden.

    Low taxes have high costs. Like shitty infrastructure that kills people. Like paying thousands per year for health insurance premiums....and then having to pay another $4000+ out of pocket before meeting your deductible. Like having the finest trail transportation available with 19th century technology. Like graduating with five figures of student loan debt you can never discharge. Like enjoying your paltry Social Security benefits for a whopping two years before you die.

    Things people in socialist-icky countries mostly (or completely) don't have to worry about. Low taxes have high costs.