The Competition Bureau will study the grocery sector

Canada’s Competition Bureau is undertaking a study of grocery store competition in a context of rising inflation.

The review will look at how governments could tackle food price increases through increased competition, the independent agency said in a statement on Monday.

“Canadian consumers have seen their purchasing power diminish. This is especially true when buying groceries. In fact, grocery store prices in Canada are rising at the fastest rate seen in 40 years,” the competition agency said. “Many factors are believed to have impacted food prices, including extreme weather conditions, rising input costs, Russia’s invasion of Ukraine and supply chain disruptions. Are competitive factors also at work? To find out, the Office will study this issue by June 2023.”

More soon…