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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 (97.4% liked)
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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 :/
Sorry, I should have been more clear, my criticism isn't of your TL;DR, it's of the fact that it didn't include capitalism (which I understand is because the article doesn't, which is what I'm criticising).
The margins have grown considerably in the past year, yes, but they also know what's coming. Make hay while the sun shines.