TLDR; climate change, Russia, supply chain not recovered, labor shortages; more price increases expected :/

  • Naminreb@kbin.social
    link
    fedilink
    arrow-up
    21
    arrow-down
    2
    ·
    1 year ago

    A lower Inflation rate doesn’t equate to lower prices. It equates with those prices not rising as much and as fast…but as long as the rate is positive, those prices are still going up.

    • kfet@lemmy.caOP
      link
      fedilink
      arrow-up
      9
      ·
      1 year ago

      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.

      • Naminreb@kbin.social
        link
        fedilink
        arrow-up
        5
        arrow-down
        1
        ·
        1 year ago

        Until the conflict in Ukraine is resolved, I’d expect those prices to still be up. Wheat and oil being impacted in that conflict have major repercussions across the supply chain across the world.

        • EhForumUser@lemmy.ca
          link
          fedilink
          arrow-up
          4
          arrow-down
          1
          ·
          edit-2
          1 year ago

          Wheat today is only worth half of what it was last year.

          I expect the prices to still be up only because it takes a while to work through the system. Similarly, it took a while after farm gate prices started climbing over the past several years before prices at the store started going up. Give it another year and things will look quite different, even if the Ukraine conflict persists.