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Canada’s inflation rate is plummeting, so why are grocery prices still so expensive?
(www.ctvnews.ca)
this post was submitted on 07 Aug 2023
173 points (97.3% liked)
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The buyer sets the price. Inflation tells half the story, but the other half is that the people generally believe that things like food are worth more now. When the Ukraine conflict began, people started seeing famine as a real threat, which put them in "Oh shit, I'd better not take this thing for granted anymore!" mode.