Greedflation 3
Groceries: Measuring “Greed” in the Era of Consumer Distrust
The Competition Bureau of Canada recently announced their investigation into grocer anti-competition practices. With more Canadians accessing food banks and food inflation in September was sitting at 10.3%, the investigation offers hope to Canadians concerned about food affordability.
It is not just food prices that have Canadian consumers concerned. The Bank of Canada announced another increase to the prime interest rate, while average natural gas and electricity bills this winter are expected to increase between 50 and 100 percent. Canadians will likely continue to feel the impact when looking to satisfy their basic needs for utilities, shelter, and food.
Media Contacts
Dr. Sylvain Charlebois, Director Agri-Food Analytics Lab,
Dalhousie University
sylvain.charlebois@dal.ca
Samantha Taylor, Agri-Food Analytics Lab,
Dalhousie University
samantha.taylor@dal.ca
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