This February, Canadians will notice some prices at the grocery store creep higher.
Around the end of January, an annual industry-wide freeze by grocers on prices from suppliers comes to an end.
“We do have a freeze where we don’t take any cost increases between November and early February. So in the next few weeks, there will be some price increases reflecting the increases in costs that we negotiated and accepted,” said Eric La Flèche, CEO of Metro, at a press conference last week.
Every holiday period, most Canadian grocers maintain a blackout on price increase requests from many suppliers. Industry insiders say it’s a long-standing practice that helps stabilize prices during a time of year when consumers are more price-sensitive….