The issue of food prices, particularly, has been thrust into the spotlight and has taken on a highly politicized tone.Recent survey results indicate that a staggering 82% of Canadians attribute higher food prices to excessive profit-seeking, with grocery stores becoming the focal point of political discourse.Unfortunately, the “greedflation” campaign, despite its lack of concrete evidence, has inadvertently diverted attention from the genuine challenges within the food industry.
The annual “black-out” period, spanning from November to February, prohibits suppliers from raising prices. Paradoxically, this fosters collusion throughout the supply chain, resulting in significant price hikes both in October and February, ultimately affecting consumers with fluctuating retail prices. Historically, the rationale behind this practice was to enable grocers to manage stock without the constant concern of price adjustments.
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