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.
Yeah it really seemed like the crypto rush is what set all this off, but that can’t be right can it?
No. It was the pandemic and price gouging during the pandemic. The only thing crypto affected was video cards.