Quote:
Originally Posted by Jiggy
I remember back in October we were supposed to see food prices come down. If anything, I've noticed them go up a bit.
What has your experience been?
*Please don't turn this into a political thread. All the parties suck in their own way, let's leave it at that*
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While I understand not wanting to turn this into a political thread, the entire premise of your statement is political to begin with and not based off economics.
What made you believe that prices would come down? What market dynamics are in play that would cause food prices to go down (not inflation down, but actually down?
On the experience topic: experiences also tend to play games and are anecdotal, as you are likely to notice price shocks a lot easier than price reductions or subtle changes such as sizes go down and shrinkflation. For instance Coca-cola recently went from 591ml to 500ml while keeping the same price. While Pepsi still remains at 591ml and relatively similar priced (in essence cheaper), it won't be long before Pepsi follows suit.
Grapes are noticeably cheaper right now, but they are in season. KFC ran their 5$ daily deal for a while, but once it ended prices went significantly as well (a Big Crunch combo is now 13$).
A better measure is looking at your overall grocery bills, which goes up over time without changing buying habits.