Inflation

Inflation

Canada’s biggest grocers answer government’s call to rein in food pricing

In meetings with public officials, Loblaw, Sobeys, Metro, Walmart and Costco agreed to a range of initiatives to help make groceries more affordable for consumers.

Inflation

Economic picture looks tough for grocery shoppers and retailers

Fresh Perspectives: At Groceryshop, Wall Street analyst Karen Short sketched out the business environment going into next year.

Nation’s largest grocery retailers to be tasked with developing near-term action plan.

Higher fuel prices pose headwind, but an FMI-The Food Industry Association analysis shows historical consistency in food inflation levels.

Survey by The Feedback Group shows inflationary buying habits remain entrenched among food shoppers.

Aisle 1: With both Walmart and Target reporting earnings this week, we’ll soon get a good picture of current shopper sentiment. But all signs point to struggles for any food retailer not squarely focused on value.

The regional grocer’s value-focused effort earlier this summer was a significant traffic driver, the retailer said.

The monthly uptick ends a year of decreases in the overall Consumer Price Index, according to updated federal data released Thursday.

Fresh Perspectives: USDA’s 2023-24 outlook includes potential for declines, but consumers won’t see a return to levels before the inflationary surge.

Consumer spending rose 2.3% year over year, while food-at-home GDP declined slightly.

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