Ontario: Grocery prices are expected to increase in stores across Canada once again as blackout on hikes ends at some stores.
Last fall, Loblaw Cos. Ltd company had said that it will put on hold the increase in the prices of its no-name products till January 31.
Similarly Metro Inc. had said that there will be no increase in the prices of most of the items of private labels till February 5.
The lifting of prices freeze comes
amid growing anger among consumers due to the rising prices of groceries and the assessment of the profits to the grocers.
But Grocery Chains said they are not making any profits from food items, but they have to spend more money from month to keep their selves full.
Loblaw spokeswoman Catherine Thomas said her company, which operates banners like Poisons, Provigo and No Frills, will still not increase the inventory of most items and families buying their no-name products will benefit this year as well. “We can’t make any predictions about whether food-related inflation will rise in the future,” Metro CEO Eric La Flèche.
He said that the demand for price hike from most of the vendors comes from time to time and the reason for the increase in these prices is beyond our control.