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.
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.