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:
I would imagine part of it is related to the same reasons why my business’s prices are still high: rapidly rising insurance and increased costs of materials due to supply lines that were negatively impacted due to the slow down that was caused by COVID.
I’ve had literally dozens of customers in the last two years look at my quotes, balk and then go shopping for a better deal only to come back to me when they realize this is the new normal. Then they have to deal with the fact that contractors like me are booking new projects for 2025-26.
I think your comparison of your industry to the grocery industry likely isn't particularly akin, the grocery industry is much more...peculiar, or at least idiosyncratic than most, which is illustrated by the price of groceries not being in line with inflation.
In what way?
Frankly, the grocery industry is one of the least idiosyncratic markets around.