this post was submitted on 19 May 2024
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At this point? Industries who had to raise their prices due to a large number of concurrent issues a while ago didn't drop them afterwards keeping the difference as profit. They're now still raising their prices without any economic factor driving the need to. To the common person, the main contributor is the supermarket.
Putin's war does slow Ukraines food output straining the international food market. However, this is a minor factor which has been mitigated, and even if the war ended today the market has shown nobody will lower their prices.
Profits drive inflation.