Quote:
Originally Posted by Regorium
This is going to sound super #hailcorporate, but I have personally noticed prices "coming down" in the last 3-4 months or so.
Take something I buy basically every week - Sunrise Traditional Tofu, it basically never went on sale. Here's what I saw:
Pre-2019 as long as I remember: $2.00 a pack
2020-2021: $2.79
2022: 3.29
March 2023: 3.99
September 2023: 2.99
Last week: $2.57 on sale, regular 2.99
Did it go up? Yeah. But I have noticed things stabilizing, and some things have started to go on sale more to bring it back to a reasonable price. No name pasta, PC brand cookies, canned tomatoes are three other things that have seen a similar pattern.
The biggest thing I'm seeing is that if you're not a little bit crazy about watching for sales and stocking up, you're in for a world of hurt. Pasta used to be $1.00 a pack pretty much all the time. Now it's $2.29 regular price, until I saw it on sale for $1.25 for the first time in a few months. Immediately stocked up.
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The price change can easily be explained by soybean prices dropping like a rock, especially compared to 2022 prices. You will note the graph closely matches your experience in recent years with a lagging factor.
https://tradingeconomics.com/commodity/soybeans
That's why these type of examples are anecdotal. Soybeans currently would be a deflationary example on inflation numbers overall.