Canadian Grocers Warned of Price Hikes

Canadian grocers are receiving price increase notices from suppliers about increases that are slated to roll out over the summer, according to Waterloo Region Record. The news source received 19 notices sent to grocery store owners from companies detailing price increases and decisions to shrink or increase product and package sizes.

The Canadian Independent Federation of Grocers and the Retail Council of Canada confirmed its grocers are receiving these notices.

“Our grocers, large and small, continue to receive supplier price increases, many of which are coming from multinationals who are requesting significantly higher increases compared to other suppliers,” said Retail Council of Canada spokesperson Michelle Wasylyshen. “While some increases may be justified, a number of them are not. Our grocers are pushing back when requests are unwarranted and retailers continue to be focused on providing the best possible prices to consumers.”

Price increases range from one percent to 40 percent, with many makers stating they are not passing along the full cost increases, according to the report. Full Story