151
Canada’s inflation rate is plummeting, so why are grocery prices still so expensive?
(www.ctvnews.ca)
What's going on Canada?
🍁 Meta
🗺️ Provinces / Territories
🏙️ Cities / Local Communities
🏒 Sports
Hockey
Football (NFL)
unknown
Football (CFL)
unknown
Baseball
unknown
Basketball
unknown
Soccer
unknown
💻 Universities
💵 Finance / Shopping
🗣️ Politics
🍁 Social and Culture
Reminder that the rules for lemmy.ca also apply here. See the sidebar on the homepage:
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...