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 :/
The grocery stores record profits make it obvious they have more than enough room to absorb a lot of the upstream pressure for price increases. They don’t feel compelled to do so in any way though :/
Sorry, I should have been more clear, my criticism isn’t of your TL;DR, it’s of the fact that it didn’t include capitalism (which I understand is because the article doesn’t, which is what I’m criticising).
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Oh, it’s a TLDR of the article, not my opinion.
The grocery stores record profits make it obvious they have more than enough room to absorb a lot of the upstream pressure for price increases. They don’t feel compelled to do so in any way though :/
Sorry, I should have been more clear, my criticism isn’t of your TL;DR, it’s of the fact that it didn’t include capitalism (which I understand is because the article doesn’t, which is what I’m criticising).
The margins have grown considerably in the past year, yes, but they also know what’s coming. Make hay while the sun shines.