this post was submitted on 08 Jun 2025
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Canada

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While inflation has eased since 2022 and is now trending around two per cent annually, the actual cost of essentials hasn’t gone down. The overall price of the typical basket of goods and services for the average Canadian household rose by a hefty 17.4 per cent between 2019 and 2024. The increase was even higher for food (23.3 per cent), shelter (24.0 per cent) and transportation (21.6 per cent)—notably for gasoline (55.6 per cent).

Has mainstream media's coverage of affordability issues or price-gouging (e.g., grocery stores) slowed or stopped?

Tropicana orange and other fruit juice used to come in 2L containers, about $3 or so. I was at a Loblaws-owned discount grocery store yesterday, and saw the container had shrunk even more, to 1.65L, from 1.75L at the time of my previous purchase. They were also selling it for $7.49 😳

My reactions were 1) what outrageous unchecked corporate greed, 2) mainstream media doesn't cover this any more, and 3) companies seem so confident nowadays that they can do whatever they please

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[–] teppa@piefed.ca 3 points 18 hours ago* (last edited 18 hours ago)

Its not price gouging, its excess money supply, because the Covid stimulus was entirely funded by the Bank of Canada, who ignored their inflation mandate during Covid. Heres a graph from the Boc outlining the inflation in 2021, which hits us with a lag as the money flows through the economy.

https://www.bankofcanada.ca/rates/indicators/key-variables/monetary-aggregates/

The phillips curve depicts the relationship between inflation and wage pressure, higher inflation means more wage power, and wage gains. But during the inflation Canada did mass immigration, to force down wage pressure. So everyone is now poorer on a per capita basis than they were prior to mass immigration, that is why families dont have any money. Canada has also had the second to last worst per capita GDP performance out of the 38 countries of the OECD, we beat only Luxembourg, so people are poorer.