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Why don't prices fall when inflation slows?
Description
Inflation peaked in 2022, but now it’s on a slow and steady decline, reaching 2.5% in June 2024, down from 5.5% in June 2023. Plus, some commercial practices that drove prices up are now better controlled.
For example, since July 1, 2024, supermarkets have to label products affected by shrinkflation—where they reduce the quantity but keep the price the same. But even with these changes, you’ve probably noticed that supermarket prices aren’t dropping. And actually that’s totally normal.
Why has inflation slowed? why aren't all prices falling? What could lead to a real fall in prices? In under 3 minutes, we answer your questions!
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A Bababam Originals podcast, written and realised by Amber Minogue.
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