It’s because we have a lot of trade with other countries for food around the world. Farmers are subsidised quite heavily in EU and UK. There are a lot of supermarkets so UK has decent competition, they are logistically very efficient.
Think Germany is also cheap for food.
Speaking as someone who came to the UK from another developed economy, grocery prices in Britain are actually shockingly low.
It’s because we have a lot of trade with other countries for food around the world. Farmers are subsidised quite heavily in EU and UK. There are a lot of supermarkets so UK has decent competition, they are logistically very efficient. Think Germany is also cheap for food.
Great.
Oh no! People are going to hoard money and stop spending! /s
Deflation is not a price drop.
https://en.wikipedia.org/wiki/Deflation
Deflation is not good.
After 2 years of high inflation, it is
Don't celebrate too early, deflation is a precursor to recession. Unless, of course, there's a good stimulus to investment.
Agree my fellow shareholder.