This is such a dumb headline.

The rate of price increases slowing doesn't mean that prices go down. It means that prices increase more slowly.

ETA: we aren't experiencing deflation. And we probably don't want to.

All of those reasons are BS if grocery stores are still posting record profits.

Edit: grammar

Because retailers took advantage of inflation to push profits even higher, especially one specific retailer who has a vertical monopoly in the grocery sector, of which they’ve been caught and convicted of using to fix the prices of bread in the past.

They’re still high because food is a staple, a necessity. Competition can’t spin up in several months. And competition certainly can’t compete with this existing farm to grocer system.

These prices are never coming down. They’d keep going higher if people weren’t so angry they were stealing instead.

The best protest is to not shop there.

I know. Sounds stupid.

Farmers stands. Farm to table markets. Farmer’s markets.

Call farms and see if you can place orders. They need larger orders? Start ordering with friends, neighbours, family.

This stuff is grown in our backyard, and we are paying for some guy to buy it to sell to some other guy for a huge mark up so we can pay even more for no reason.

My car stopped accelerating. Why am I still going so fast?

so why are grocery prices still so expensive?

Capitalism.

No matter what the inflation rate prices will not go down, for prices to go down you need deflation which is not likely to happen. Prices will always go up, it's just the speed of which they go up that changes.

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

You list all the reasons but the one that actually matters and is responsible for all of the others: capitalism.

Why do people find it so hard to say/admit?

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.

Corporate profits

Economists say there are a number of factors driving up food prices

GREED. The answer we were looking for is greed. Thanks for playing.

A more helpful question is to ask why prices are increasing when Loblaws and company have been making record profits since 2020.

I mean, I know why, but

Inflation is not prices, it's a rate of increase of prices. Even if Inflation is at 0%, prices won't decrease, 0% mean prices stability. To see prices diminish, Inflation would need to be negative, in that case it's depression.

because groceries price increases were because of companies getting rich, and not inflation.

/story

That TL,DR is missing the actual reason... Extended pandemic profiteering to "get even" with consumers for staying inside for half a week and not shopping at their fullest potential.

Capitalists are quoted as saying, "we will be made whole, and then some, and you'll apologize for what you did to us."

What is Late-stage Capitalism, Alex?

Corporate billionaire/millionaire wealth tax now.

This is the best summary I could come up with:

With extreme weather events like droughts, wildfires and flooding becoming more frequent in Canada and around the world, as a result of climate change, Fan said farm production and supply chains are impacted, applying some pressure on overall food inflation.

Extreme weather is one of the major threats that RBC has identified for food inflation for the upcoming decade, Fan noted, because it will likely lead to “a lot more volatility and uncertainty.”

Russia’s invasion of Ukraine in February 2022 resulted in additional upward pressure on global food prices due to the role the two countries play in agricultural and oil production.

In Canada, five retailers — Loblaw, Sobeys, Metro, Walmart and Costco — control an estimated 80 per cent of the grocery market share, according to a 2021 study from the federal government.

“It takes all these things to start to normalize — the supply chain, which it did since late 2021, wage growth in Canada is still kind of elevated at the moment, … the impact on commodity prices from the Russian invasion to Ukraine.”

“My best assessment is that things will get a little bit better than they are based off of conditions that they are at the moment and so they'll slow down, which will be nice, quite frankly, because there's a lot of people who are remarkably angry about prices that have sort of risen in the last few months,” he said.

I'm a bot and I'm open source!

Because they can.