Key Points

  • As shoppers await price cuts, retailers like Home Depot say their prices have stabilized and some national consumer brands have paused price increases or announced more modest ones.
  • Yet some industry watchers predict deflation for food at home later this year.
  • Falling prices could bring new challenges for retailers, such as pressure to drive more volume or look for ways to cover fixed costs, such as higher employee wages.
  • dragontamer@lemmy.world
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    8 months ago

    We didn’t eat that pork.

    We shot those pigs and then buried them and left them to rot. No one got that meat.

    Then a bunch of idiots who can’t read basic statistics complain about inflation and the rising cost of meat a few months / years later.

    That’s the ‘Transitory’ argument to inflation. That the meat was a temporary blip. Fortunately (???) I think it turns out that other bits of inflation ended up being real so the 5.25% rate hike remained a good idea. But the meat and eggs inflation was likely a direct result of our COVID-19 emergency plans.