Inflation, particularly the rising cost of food, has been one of the top issues facing Canadians last year. Food inflation continues to make headlines across the country as people grapple with already tight budgets. With little relief in immediate sight, the Competition Bureau recently announced that it is going to be investigating the practices of Canada’s major grocers.
This announcement comes on the heels of the House of Commons Standing Committee on Agriculture and Agri-Food preparing to hold hearings on high food prices and Parliament passing a unanimous motion calling for an end to grocer-driven “greedflation.”
The numbers are clear. Even though Canada’s overall inflation rate has started to decline over the last few months, food inflation is still unacceptably high.
Source: thestar.com