this post was submitted on 05 Nov 2023
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It's not your imagination: Companies are more willing to raise their prices now — and it's because we let them (www.cbc.ca)
submitted 2 years ago by [email protected] to c/[email protected]
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Supply chains, worker wages and the price of energy has been blamed for the current bout of high inflation. But central bankers around the world are starting to clue in to something consumers have been aware of for a while — corporations just aren't afraid to raise their prices anymore.

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[–] [email protected] 8 points 2 years ago* (last edited 2 years ago)

This is the real problem. Companies had always and always will raise prices as much as they can, that should be a surprise to anybody, but how much they can raise them depends on the demand and the competition they have. We dont have healthy competition here in Canada for a lot of sectors. You want better prices? Break down monopolies, open the market to more foreign companies and enforce real consequences for collusion.