Unfortunately unless the inflation rate goes negative, there's no reason they'd drop prices. All this means is they have less reason to hike them at the moment!
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Very good question! As someone with an interest in the topic but no actual expertise, each seems to have their own cost drivers. Coffee, as an example, has a global shortage due to impacts of climate change particularly in South America. Eggs is linked to bouts of avian flu creating scarcity, etc.
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Eggs 35.1%
Instant coffee 27.8%
Black tea 26.2%
Oranges 23.4%
Peanut butter 17.5%
Rice 16.9%
Dried beans 15.0%
Apples 15.0%
Tomatoes 14.8%
Potatoes 8.6%
Margarine 8.2%
What is the reason?
https://www.namc.co.za/wp-content/uploads/2024/09/Food-Basket-Price-Monthly-Report-September-2024.pdf