this post was submitted on 03 May 2024
105 points (97.3% liked)

Canada

7210 readers
430 users here now

What's going on Canada?

Communities

🍁 Meta

πŸ—ΊοΈ Provinces / Territories

πŸ™οΈ Cities / Local Communities

πŸ’ SportsHockey

Football (NFL)

  • List of All Teams: unknown

Football (CFL)

  • List of All Teams: unknown

Baseball

Basketball

Soccer

πŸ’» Universities

πŸ’΅ Finance / Shopping

πŸ—£οΈ Politics

🍁 Social and Culture

Rules

Reminder that the rules for lemmy.ca also apply here. See the sidebar on the homepage:

https://lemmy.ca/

founded 3 years ago
MODERATORS
otter@lemmy.ca
105
Galen Weston calls Loblaw boycott 'misguided criticism', says grocer not responsible for higher prices (ca.finance.yahoo.com)
submitted 6 months ago by lautan@lemmy.ca to c/canada@lemmy.ca
43 comments fedilink hide all child comments
 

"Their frustration is understandable, but this kind of expectation betrays a misunderstanding of what's actually driving food prices higher in this country."

you are viewing a single comment's thread
view the rest of the comments
[–] TSG_Asmodeus@lemmy.world 33 points 6 months ago (1 children)

β€œTheir frustration is understandable, but this kind of expectation betrays a misunderstanding of what's actually driving food prices higher in this country.”

Food prices first soared above headline inflation starting in December 2021, rising as much as 11.4 per cent annually, according to Statistics Canada. February marked the first time since then that the price of food purchased from grocery stores (2.4 per cent increase year-over-year) fell below headline inflation (2.8 per cent.)

LOBLAW 2024 FIRST QUARTER HIGHLIGHTS Revenue was $13,581 million, an increase of $586 million, or 4.5%. Retail segment sales were $13,290 million, an increase of $555 million, or 4.4%.

Absolutely fuck this waste of air.