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 :/
Inflation is not prices, it’s a rate of increase of prices. Even if Inflation is at 0%, prices won’t decrease, 0% mean prices stability. To see prices diminish, Inflation would need to be negative, in that case it’s depression.
Inflation is not prices, it’s a rate of increase of prices. Even if Inflation is at 0%, prices won’t decrease, 0% mean prices stability. To see prices diminish, Inflation would need to be negative, in that case it’s depression.