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 :/
A lower Inflation rate doesn’t equate to lower prices. It equates with those prices not rising as much and as fast…but as long as the rate is positive, those prices are still going up.
A lower Inflation rate doesn’t equate to lower prices. It equates with those prices not rising as much and as fast…but as long as the rate is positive, those prices are still going up.