CNN: Prices of food & gas fall
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Price of fuel affects the price of groceries. Trucks burn ultra-low sulfur diesel, which had really gotten expensive.
As for this fall, I dunno. Wheat's up. Current price of beans is over $17/bushel. Might be interesting.
“Cry havoc and let slip the DOGE of war!”
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@George-K said in CNN: Prices of food & gas fall:
Who you gonna believe, the President or your own lying wallet?
I’ll believe the BLS.
But people really don’t have a sense of “0% inflation this month = prices aren’t up from last month”. People have anchored in their mind what prices “should” be, and they are still higher than that, ergo “we still have inflation”.
I think what most people would subjectively interpret as “inflation went down to 0” would be a return to summer 2021 price levels. But in reality that would be significant deflation.
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Perception is reality.
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Price of fuel affects the price of groceries. Trucks burn ultra-low sulfur diesel, which had really gotten expensive.
As for this fall, I dunno. Wheat's up. Current price of beans is over $17/bushel. Might be interesting.
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Gasoline price is now below $4.00 (US national average) as of today (Aug. 11, 2022):
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As for this fall, I dunno. Wheat's up.
Actually wheat is down 40% since spring.
Source: https://saskwheat.ca/wheat-market-outlook-and-prices
Corn and canola are down 20%
@Renauda said in CNN: Prices of food & gas fall:
As for this fall, I dunno. Wheat's up.
Actually wheat is down 40% since spring.
Source: https://saskwheat.ca/wheat-market-outlook-and-prices
Corn and canola are down 20%
I was looking at the Chicago Mercantile. Are the prices the same in Canada?
