Food Prices

[flamesfever]

Originally Posted by fotze2

Exactly, I can’t relate because I have buckets of money. Apparently
Rich people get these experts to deal with their over abundance of money because they have so much, they don’t know where to store it.

I knew a guy that was so rich he bought a boy for his dog, and he wrote a cheque and the bank bounced...old Bob Hope joke.

[Hack&Lube]

Originally Posted by undercoverbrother

what if we started a food buyers union

Sure. Lets have everybody go on hunger strike! Start with women and children!

[iggy_oi]

Originally Posted by calgarywinning

It's like City taxes. This year, based on inflation I'm actually not mad about the 8% increase they are planning because everyone wanted it.

But food pricing is essentially a post carbon tax epidemic. Again, something people voted for and wanted.

Why are people so surprised with an outcome? Carbon tax is brutal for the consumer it's like GST on energy after you pay your tax burden so the amount should be doubled. Because Canada is not a polluter and it doesn't mean we can't get smarter about climate change and conserving waste, energy etc. Every level of city hall is hit with an inflationary cost due to this tax. Therefore you get what you vote for.

Is that why inflation on groceries only went through the roof over the last 2 years despite a carbon tax having been implemented several years earlier? And is it the reason why inflation on groceries wasn’t as high when there was both a carbon tax combined with the retailers paying their staff a “hero” pay premium of at least 10% to ensure they would have enough staff to keep the gravy train rolling during the early phases of the pandemic?

[Firebot]

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.

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.

[Regorium]

Sorry what are you trying to say here?

My anecdote closely matches up with real data. The rest of the posts in this thread are a bunch of feelings about big grocery screwing all Canadians.

I am not understanding your position and why you are discrediting my observations. My entire position is that grocers have brought pricing down where their costs have come down and aren't on some grand conspiracy.

[GullFoss]

Originally Posted by undercoverbrother

what if we started a food buyers union

Lmao

[calgarywinning]

Originally Posted by iggy_oi

Is that why inflation on groceries only went through the roof over the last 2 years despite a carbon tax having been implemented several years earlier? And is it the reason why inflation on groceries wasn’t as high when there was both a carbon tax combined with the retailers paying their staff a “hero” pay premium of at least 10% to ensure they would have enough staff to keep the gravy train rolling during the early phases of the pandemic?

You haven't notice any other expenses outside of food? Energy = Carbon Tax = Passed on to you the end consumer.

Same like Mortgage, everyone is still waiting for their new 6.50% mortgage baby.

In turn the 10% danger pay is now pay me 30% above minimum wage because my expenses are so high. It's inflation.

Every single farm, every single thing you touch and consume is subject to carbon tax now.

Carbon tax is set to go to up by a multiplier of 2.3 by 2030

[iggy_oi]

Originally Posted by calgarywinning

You haven't notice any other expenses outside of food? Energy = Carbon Tax = Passed on to you the end consumer.

Same like Mortgage, everyone is still waiting for their new 6.50% mortgage baby.

In turn the 10% danger pay is now pay me 30% above minimum wage because my expenses are so high. It's inflation.

Every single farm, every single thing you touch and consume is subject to carbon tax now.

Carbon tax is set to go to up by a multiplier of 2.3 by 2030

Yeah I’ve heard all the rhetoric that you’re regurgitating from your boy Pierre and the twitter squad. Since you’ve got it all figured out would you care to predict exactly much will prices rise on absolutely everything by next year? If you can’t within a reasonable margin of error your whole theory is flawed.

[calgarywinning]

Originally Posted by iggy_oi

Yeah I’ve heard all the rhetoric that you’re regurgitating from your boy Pierre and the twitter squad. Since you’ve got it all figured out would you care to predict exactly much will prices rise on absolutely everything by next year? If you can’t within a reasonable margin of error your whole theory is flawed.

I am not certain how you will vote but labelling me and saying I have a twitter squad is strange. Dial it back just a bit. No twitter squads here.

And no I cannot give you an exact answer on how prices on everything will rise next year. Carbon tax is set to rise in order of 237% by 2030. It's on the governments website.

[Samonadreau]

I have 4 kids. minimum $400 a week withouth takeout or extras.

I agree with the poster that said grocery prices aren't going down , just have to figure out how to make more money.

That being said wages haven't gone up to match inflation so its tough.

[malcolmk14]

We've saved a lot of money by signing up for PC Express and doing one delivery order a week on Saturdays or Sundays. It keeps us out of the grocery stores so no more impulse purchases. The only time I go to a grocery store now is if we need 1 or 2 items in between orders & I'm in and out.

[chemgear]

Don't forget to tip!

[iggy_oi]

Originally Posted by calgarywinning

I am not certain how you will vote but labelling me and saying I have a twitter squad is strange. Dial it back just a bit. No twitter squads here.

Based on the cookie cutter rhetoric you continue to provide I’m comfortable with my previous assessment.

And no I cannot give you an exact answer on how prices on everything will rise next year. Carbon tax is set to rise in order of 237% by 2030. It's on the governments website.

That doesn’t add up. If you can blame it for where prices are at currently while knowing exactly where it’s going to go by 2030 and still can’t give us your mathematical explanation for where it will end up bringing prices in the future some people might come to the conclusion that you’re full of ####.

[RichieRich]

Originally Posted by Firebot

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.

As an FYI - Sunrise is a western Canadian success story. Very interesting. Factory in Vancouver so in some ways less affected by some inflationary impacts such as cross border shipping and logistics/distribution.
https://sunrise-soya.com/our-story/

[powderjunkie]

Originally Posted by calgarywinning

I am not certain how you will vote but labelling me and saying I have a twitter squad is strange. Dial it back just a bit. No twitter squads here.

And no I cannot give you an exact answer on how prices on everything will rise next year. Carbon tax is set to rise in order of 237% by 2030. It's on the governments website.

And the rebates will increase by the corresponding amount. If you can resist the urge to blow that cheque on energy drinks and vape juice while making a few small behavioural changes you'll be fine.

Of course our brains don't do that very well...we don't really notice the direct deposit into our accounts as much as the subtle price changes in our daily consumerism

[edslunch]

Originally Posted by powderjunkie

And the rebates will increase by the corresponding amount. If you can resist the urge to blow that cheque on energy drinks and vape juice while making a few small behavioural changes you'll be fine.

Of course our brains don't do that very well...we don't really notice the direct deposit into our accounts as much as the subtle price changes in our daily consumerism

I’m amazed by how many people I talk to are unaware of the rebates. Do they never wonder where those deposits come from?

[Sr. Mints]

Few things can fill your spirit like walking out of the store with one half-full bag of groceries that cost you $87

[Jason14h]

Originally Posted by edslunch

I’m amazed by how many people I talk to are unaware of the rebates. Do they never wonder where those deposits come from?

It gets deposited into their spouses account who never tell them !

Seriously though - I know people who thought they didn’t “qualify” only to find out it was deposited into their spouses CRA direct deposit

[edslunch]

Originally Posted by Jason14h

It gets deposited into their spouses account who never tell them !

Seriously though - I know people who thought they didn’t “qualify” only to find out it was deposited into their spouses CRA direct deposit

Don’t tell my wife!

[Doctorfever]

We know that the carbon tax is driving up food prices, by how much? Nobody knows exactly.

The current food prices are putting a strain on families for sure, we can all agree on that. In the long term, we might see even worse outcomes. Some people might not have a choice, they are buying less healthy foods because of the costs. The longer term health of people will definitely decrease as they are forced to consume less healthy foods. Could lead to an increased load on our health care system.