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Almost two-thirds of Canadians feel that inflation at the grocery store is getting worse, a new poll suggests, even as food inflation has been steadily cooling.

A new Leger survey found that almost 30% of Canadians believe food inflation has been primarily caused by grocery stores trying to increase profit margins. Another 26% think it’s mostly due to global economic factors, while one in five blame the federal government.

Inflation on groceries was 1.4% in April and helped drive overall inflation lower to 2.7%, Statistics Canada said.

However, even low inflation still means prices are going up. And over the past three years, grocery prices have risen 21.4%, according to the agency.

The major grocers have said they did not unduly profit from inflation, amid political and public pressure over the rising cost of food and other necessities.

Earn rewards or cash back with the best grocery credit cards in Canada
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More than half of Canadians support Loblaw boycott

A group of consumers organized a boycott of Loblaw-owned stores in May over frustrations with higher prices and industry concentration…

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New Amex Offers statement credit for HP and earn 15,000 bonus Be Well points at Rexall this weekend when you spend $40+. Check out today’s points & miles updates here:
The post RWRDS Daily Update – May 23, 2024: New Amex Offers statement credit for HP & earn 15,000 Be Well points this weekend appeared first on Rewards Canada.

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Here’s our next update to the American Express Cobalt Card Confirmed Multiplier Locations with 48 new locations being added today from Canada and the U.S. Thanks to the RWRDS Canada community for providing details on thousands of locations around the world where you can use the American Express Cobalt Card to earn up to 5x […]
The post American Express Cobalt Card: 48 new confirmed multiplier locations in Canada & the U.S. appeared first on Rewards Canada.

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