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 some of the factors 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 :/
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?
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?