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Canada’s inflation rate is plummeting, so why are grocery prices still so expensive? (www.ctvnews.ca)
submitted 2 years 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] 23 points 2 years ago

No matter what the inflation rate prices will not go down, for prices to go down you need deflation which is not likely to happen. Prices will always go up, it's just the speed of which they go up that changes.

[-] [email protected] 5 points 2 years ago* (last edited 2 years ago)

We saw deflation as recently as 2020. Prices do not always go up.

Moreover, every single high inflationary period in history, save one time, has seen deflation occur soon after. Why do you think this will be the second outlier, especially when the driving forces are closer to every other time and quite unlike that one unique time?

[-] [email protected] 2 points 2 years ago

To be fair, 2020 was a little weird.

[-] [email protected] 1 points 2 years ago* (last edited 2 years ago)

It was, but we also saw deflation in 2009. It is less common for us to see than inflation, to be sure, but it is far from something that never happens. On average, we experience it about once every decade. No doubt it will be twice this decade by the time we reach the end.

[-] [email protected] 1 points 2 years ago

If you're taking 2 steps forward and 1 step back, you'll still get where you're going. For deflation to be a thing we'd need 2 steps back to every step forward. Otherwise it's inflation with pauses.

this post was submitted on 07 Aug 2023
186 points (97.0% liked)

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