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Canada’s inflation rate is plummeting, so why are grocery prices still so expensive? (www.ctvnews.ca)
submitted 1 year ago by [email protected] to c/[email protected]
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TLDR; climate change, Russia, supply chain not recovered, labor shortages; more price increases expected :/

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[-] [email protected] 11 points 1 year ago

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 :/

[-] [email protected] 4 points 1 year ago

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).

[-] [email protected] 0 points 1 year ago* (last edited 1 year ago)

The margins have grown considerably in the past year, yes, but they also know what's coming. Make hay while the sun shines.

this post was submitted on 07 Aug 2023
187 points (97.5% liked)

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