Metro Inc. says it won’t accept cost will increase from its suppliers over a three-month interval so as to keep grocery prices stable through the holidays.
The grocer says it is a long-standing apply at Metro to keep away from retail worth modifications through the busiest time of the 12 months.
Marie-Claude Bacon, a spokeswoman for the Montreal-based firm, says this is applicable to Metro’s private-label manufacturers and nationwide model merchandise and runs from Nov. 1 to Feb. 5.
Metro’s feedback come a day after Loblaw Companies Ltd. mentioned it would freeze prices on all its No Name merchandise till subsequent 12 months as double-digit meals inflation sends grocery payments spiralling.
Loblaw mentioned it locked in prices of the favored home model, which incorporates greater than 1,500 grocery gadgets, till Jan. 31, 2023.
However, Metro’s feedback recommend it’s not with out precedent for grocers to maintain the road on prices through the vacation procuring season.
This report by The Canadian Press was first revealed Oct. 18, 2022.