The Competition Bureau of Canada is enterprise a study into grocery retailer competitors amid rising inflation.
The examination will have a look at how governments might fight grocery value will increase by way of extra competitors, the unbiased company mentioned in an announcement on Monday.
“Canadian consumers have seen their purchasing power decline. This is especially true when buying groceries. In fact, grocery prices in Canada are increasing at the fastest rate seen in 40 years,” mentioned the competitors company. “Many factors are thought to have impacted the price of food including extreme weather, higher input costs, Russia’s invasion of Ukraine, and supply chain disruptions. Are competition factors also at work? To find out, the Bureau will study this issue from now until June 2023.”
More to come…