Shrinkflation is out of control
Shrinkflation is out of control
Up untill a week ago Nofrills carried these "three packs" of salmon for $10. Now the same pack contains two for the same $10. I thought it felt light when I bought it yesterday.
This comes to about $0.02 increase per gram, and a $1.10 price increase overall. Or a 11% increase in price overall. Meanwhile inflation is at 6-7%?
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The Fed pumped trillions into the economy by adding stocks to its balance sheet, in essence giving free cash to stockholders.
When 40% of the money supply was created in the last three years, inflation is inevitable.
It's consistently amazing to me that people have no idea how the money system works; it's only the economics of the country, no big deal.
Ah yes, the US Fed causing inflation in all of Europe and Canada too. It's crazy how the Fed made inflation lower here at home though. I don't know how they do that without there being some kind of series of global supply shocks.
I guess we'll never know.
More than one factor can cause inflation. Both supply shocks and inflated money supplies lead to inflation.
And yes, the central banks in the places you mentioned also increased their money supplies at the same time. Many central banks have been following the lead of the Fed.
Lol yeah the person who replied didn't know what nofrills was but the bank of Canada also increased total money supply similar to how the us federal reserve did.