Economists say there are a number of factors driving up food prices, but they expect food inflation to slow over time. Here's a look at what’s behind Canada’s high grocery prices and what to expect in the coming months.

TLDR; climate change, Russia, supply chain not recovered, labor shortages; more price increases expected :/

  • madcaesar@lemmy.world
    7·
    1 year ago

    See I have a feeling the bullshit is coming further upstream. The core providers are using covid to gauge business further down, then the smaller businesses are passing on the cost and in some cases adding even more on top because of “covid”.

    The whole thing smells to high heaven as the assholes at the top are making money hand over fist.

    • EhForumUser
      13·
      1 year ago

      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.