As Ottawa prepares to summon grocery executives to come up with a plan to address food inflation, some analysts say the move is 'disingenuous.'
and warning tax measures were on the table should Canadians continue to face undue pain at the grocery store.
The latest consumer price index from Statistics Canada showed inflation was up 3.3 per cent year-over-year in July, while food prices at the grocery store were up 8.5 per cent in the month. While still elevated, that’s slowed from annual price hikes of 9.1 per cent in June and of more than 11 per cent last fall.
Grocers may be on the front-lines of where Canadians feel price pressures, but he noted that ignores the roles played by other players in the supply chain and global factors such as the war in Ukraine.“This will not address the war in Ukraine, this will not address extreme weather events. It frankly doesn’t even address food prices further up the value chain,” von Massow said.
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