"Inflation" is just the polite way of saying "if billionaires find out you've still got money, they'll fuck you out of that too".

It's apparently why we can't just raise wages or give useful amounts of welfare to the people who need it. We have to sneak the money to people, lest the billionaires find out.

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?

Good analogy. Inflation is a rate of change.

Hopefully that wall will slow us down!

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.

doesn’t mean that prices go down

But, to be fair, they are going down. The price I can get as the farmer is 30-50% of what it was last year.

You're still paying more at the grocery store because what you are eating now, I sold you last year (maybe even the year before). Turns out people don't like surprises when it comes to food, and want to ensure that we grow enough to feed them, so they generally buy it years in advance.

Actually deflation, depression is a reduction in the total throughput of a country for a prolonged period (not stational).

Inflation is not prices, it’s a rate of increase of prices.

Inflation attempts to measure the decreasing value the of currency as observed over time. The change in price across a certain basket of goods is the proxy used to determine that.

Even if Inflation is at 0%, prices won’t decrease

All else equal, a decline in value of the currency means that price will rise. However, there are two sides to every transaction. The thing on the other side may also decrease in value. If that other thing decreases in value faster than the currency, then it is possible for inflation to be >=0% and for the price to still fall.

Yep. It's an oligopoly

Under capitalism we don't produce food for the purpose of feeding people, we produce it to make a profit. If a person can't afford to buy food, we let the person starve and the food rot on the shelf.

They actually do address it. By handwaving it away with practically no analysis. This article might as well be paid for by the grocery industry.

BIG GROCERS DICTATING FOOD PRICES Many Canadians have pointed the finger at big corporations for how expensive groceries have become over the past few years, but Huggins said the issue of high food prices is a bit more complex.

In Canada, five retailers — Loblaw, Sobeys, Metro, Walmart and Costco — control an estimated 80 per cent of the grocery market share, according to a 2021 study from the federal government.

As Huggins pointed out, these companies make up an oligopoly, which is a market dominated by a small group of suppliers, so they are able to exercise their power in the market and have “very protected profit margins.”

However, he said there hasn’t been much evidence of them abusing their power in the market to drive up food prices in the last two years.

“In the early days of the pandemic, there was some jockeying for price increases, mostly because there were big supply disruptions happening, but we haven't seen an enormous amount of it,” he added.

“They've certainly been able to prevent their profits from coming down, but I haven't seen a lot of exploitative size numbers.”

Oh, it’s a TLDR of the article, not my opinion.

The grocery stores record profits make it obvious they have more than enough room to absorb a lot of the upstream pressure for price increases. They don’t feel compelled to do so in any way though :/

Came here to say the same. Greed.

True, except the rises so far have been much larger than inflation warrants, with the expectation for a correction at some point, which is what the article discusses.