Grocery stores post big profits while people pay high prices
In the articles “Majority of Canadians fearful about feeding their families as economic anxiety grows: poll” and “Grocery bills are set to rise again and weather is partly to blame,” there was the reference that inflation had slowed to 6.9 per cent, but food inflation was at 10 per cent, with another seven per cent increase expected for next year.
Some of our wages have barely increased, or not at all, and when you go grocery shopping and find the following: an item that has increased from $ 2.29 to $ 2.99 overnight, another one that had increased from $5.00 to $6.00, and $ 6.49 now, or another one from $ 1.79 to 2.79, how are those increases 7, 8 or even 10 per cent over the whole year? Never mind the so called shrink-flation, where the price stays the same, with less product in the package.
So how does that make you feel, when you have difficulty feeding your family and you hear about records profits posted by companies, including grocery chains?
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