Food inflation remains a top concern for Canadians. Since early 2021, the price of food purchased from stores has increased by 21.6 per cent. In 2023, nearly two million Canadians visited a food bank — a 78.5 per cent hike from 2019.

Faced with this stark reality, politicians in Ottawa have been feeling the pressure to bring down food prices. With limited tools to address the structural challenges causing these price increases — supply chain disruptions, wars, climate change — finding a scapegoat on which to pin the blame seems to be the most attractive approach.

Last September, in a much-publicized event, Ottawa summoned the executives of Canada’s five largest grocery chains and demanded they come up with plans to reduce Canadians’ food bills — or else. By that time, the term “greedflation” was already well entrenched in the public discourse, and most Canadians seemed to believe that grocery retailers were unfairly profiteering off inflation.

QOSHE - Demonizing grocery chains won’t bring down food prices - Liam Macdonald
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Demonizing grocery chains won’t bring down food prices

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06.05.2024

Food inflation remains a top concern for Canadians. Since early 2021, the price of food purchased from stores has increased by 21.6 per cent. In 2023, nearly two million Canadians visited a food bank — a 78.5 per cent hike from 2019.........

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