Consumers will be watching to see if grocers implement similar price freeze as Loblaw: Charlebois
BNN Bloomberg
All eyes will be on Canada’s other major grocers to see if they respond to Loblaw’s price freeze on No Name products with similar moves, said Sylvain Charlebois, director of the Agri-Food Analytics Lab at Dalhousie University.
“It'll be interesting to see how Loblaws’ competition, Empire’s Sobeys Inc. and Metro namely, are going to be reacting to this because on Wednesday, Statistics Canada will come out with new inflation numbers,” Charlebois said in an interview Monday.
“And again, grocers will face a barrage of criticism once again.”
Statistics Canada is set to release the latest read on Canadian inflation this Wednesday. In August, inflation eased for a second month amid lower gasoline prices, but food costs rose at its fastest pace in August since 1981.
