Economists say there are a number of factors driving up food prices, but they expect food inflation to slow over time. Here's a look at what’s behind Canada’s high grocery prices and what to expect in the coming months.
TLDR; climate change, Russia, supply chain not recovered, labor shortages; more price increases expected :/
It’s the market that controls the prices. Many shops won’t rise prices because they would lose customers, if many others don’t.
But after an agreed price rise, it’s a different situation. It takes more time to sell cheaper, because the shops want to pretend that stuff is expensive just a bit longer.
Just have some patience and try to avoid the expensive stuff, as much as you can for some time. The biggest risk for shops is that someone finds alternatives and actually never again buys the previous product. They’ll panic and prices will fall drastically.
Lmfao, as if the companies making record profits are suddenly going to stop doing what they’re designed to do (constantly keep breaking those records), if we just give them some time…
You are not logged in. However you can subscribe from another Fediverse account, for example Lemmy or Mastodon. To do this, paste the following into the search field of your instance: !canada@lemmy.ca
It’s the market that controls the prices. Many shops won’t rise prices because they would lose customers, if many others don’t.
But after an agreed price rise, it’s a different situation. It takes more time to sell cheaper, because the shops want to pretend that stuff is expensive just a bit longer.
Just have some patience and try to avoid the expensive stuff, as much as you can for some time. The biggest risk for shops is that someone finds alternatives and actually never again buys the previous product. They’ll panic and prices will fall drastically.
Lmfao, as if the companies making record profits are suddenly going to stop doing what they’re designed to do (constantly keep breaking those records), if we just give them some time…