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Canada’s inflation rate is plummeting, so why are grocery prices still so expensive?
(www.ctvnews.ca)
this post was submitted on 07 Aug 2023
186 points (97.0% liked)
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Because retailers took advantage of inflation to push profits even higher, especially one specific retailer who has a vertical monopoly in the grocery sector, of which they’ve been caught and convicted of using to fix the prices of bread in the past.
They’re still high because food is a staple, a necessity. Competition can’t spin up in several months. And competition certainly can’t compete with this existing farm to grocer system.
These prices are never coming down. They’d keep going higher if people weren’t so angry they were stealing instead.
The best protest is to not shop there.
I know. Sounds stupid.
Farmers stands. Farm to table markets. Farmer’s markets.
Call farms and see if you can place orders. They need larger orders? Start ordering with friends, neighbours, family.
This stuff is grown in our backyard, and we are paying for some guy to buy it to sell to some other guy for a huge mark up so we can pay even more for no reason.
https://beta.ctvnews.ca/national/business/2023/4/5/1_6344721.amp.html
Tale as old as time. Prices go up. CEO pay goes up. Wages go down. It's a real head scratcher.
And a tale that has been told throughout the ages, yet, despite that, Canadians still somehow think they need to go to university and get a job instead of using that capital to become the CEO of their own company. It is a real head scratcher, indeed.
How do I not shop there when I only have 2 options. Do I just stop eating ?
Well, you kind of accept that you don't have options for anything when living in the extreme north of Canada.
The remaining ~99% of Canadians live amongst farmers, though. We've built our largest cities on literally the best farmland in the country to ensure that the food is right there. They have thousands of options.
What do you mean 99% of Canadians love amongst farmers . The vast majority of Canadians live in the city no where near a farm . I live in NB so definitely not extreme north .
It's the market that controls the prices. Many shops won't rise prices because they would lose customers, if many others don't.
But after an agreed price rise, it's a different situation. It takes more time to sell cheaper, because the shops want to pretend that stuff is expensive just a bit longer.
Just have some patience and try to avoid the expensive stuff, as much as you can for some time. The biggest risk for shops is that someone finds alternatives and actually never again buys the previous product. They'll panic and prices will fall drastically.
Lmfao, as if the companies making record profits are suddenly going to stop doing what they're designed to do (constantly keep breaking those records), if we just give them some time...