One expert says many businesses are still deciding whether to absorb the cost or pass it on to consumers.
The federal government only plans to cap the inflation adjustment for one year.What to expect at the LCBO“Any retail price increases are on a product-by-product basis and determined by beverage alcohol producers,” a spokesperson for the LCBO told the Star in an email.
The changes can depend on “currency fluctuations, federal taxes or freight rate changes, or price changes by their competitors.”The 2 per cent hike, although a relief compared to the original 6.3 per cent hike, puts added pressure on businesses at a time when they’re already facing increased costs, said Cam Moser, the senior manager of Craft Brewery Finance at Canadian Western Bank.
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