“Your grocery bill is higher today because the suppliers who make the products we sell are raising their prices for us. The Loblaw freeze comes as inflationary pressure appears to be subsiding and Canada’s largest grocers have already endured months of public relations headaches around accusations of price gouging. But Charlebois said he expects the next CPI report, to be released later this week, to show signs that food inflation is cooling. So the price freeze will give shoppers “predictability” at the grocery store over the coming months. He also noted that the Loblaw price freeze will also stretch across the winter holidays, which is typically a “lucrative” time of year for the grocery industry.

Source: National Post October 17, 2022 20:47 UTC