A growing number of Canadians believe big grocery chains are profiteering from food inflation and unnecessarily pushing prices higher. About 30% of Canadians think price gouging is the main reason food prices have hit a four-decade high, a survey finds.
that found the country’s biggest three supermarkets had been increasing their profit margins as prices went up.
“It’s interesting to see that a lot of people also think there are other factors at play here like inflation,” Charlebois said. “I think has been a major problem all along. We don’t have enough players in the marketplace,” Charlebois said. “It’s been cosy for grocers and I think they know that. And I think that the public realizes that as well.”are dwindling as it becomes more difficult to keep up with supermarket chains, rising rent and inflation. There are approximately 6,900 independent grocers in Canada, many of whom operate on overall margins of 1.
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