Canada’s inflation rate has fallen into the red for the first time since the Great Recession, but shoppers cruising sparsely stocked grocery shelves wouldn’t know it.
Consumers paid 4.4% less for transportation, 4.1% less for clothing, but 3.4% more for food, the largest increase of any major component, according to Statistics Canada. Unlike other recessions, the crisis brought on by the coronavirus has hit both demand and supply. Food service, which generates more than $90 billion in revenues a year, was essentially shut down overnight, said Charlebois.
“Food has always been a high-volume, low-margin business and that is not going to change,” said Charlebois. And the industry, paying more to produce and distribute that food, is going to charge consumers more. “In 1970, Canadian households were spending 21% of their budgets on food. So, in a sense, we are going back in time,” he wrote.
Grocery bills should NOT be high. They are ripping you off!
You gotta time it right for the sales
The answer is taxes. We are becoming one of the most taxed nations in the world...and it’s about to get a lot worse. The typical leftist response is that taxes are a necessity. To that I say, absolutely. But water is also a necessity, but if you get too much of either, you drown.
If you keep printing money and handing it out, it loses its value.
Someone has a really sharp pencil / a good measure of things is 2 apply whatever is said 2 B the inflation rate on a monthly bases / 1% inflation x 12 months = 12% inflation rate 4 the 1 year period / shrinkage of the amount of the product that you're purchasing is inflation
Carbon tax, supply line disruptions due to shutdown of the economy & coronavirus
Because they are bad with math....
The carbon rebate?
Everyone knows that the inflation numbers are being fudged. I remember back in 1992 when my grocery bill was $85 a week for two people and if you have a family of four it’s more like $450.
Ask the liberals-
Because your Canadian dollars our printed out of thin air and spent like crazy by governments.
Inflation is low? There was a time when you could get a hamburger for 25 cents.
It's called business, making up for lost sales.
Why hasn't junk food & pop prices gone up? Why don't the supermarkets sell smaller packages of meat? Senior buy smaller pkgs & they were able to do this before but all of a sudden they have disappeared. No store brand or no name products. Somebody is screwing around.
Yes why grocery is getting so expensive
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