this post was submitted on 18 Jul 2023
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Excluding gasoline, headline inflation would have been 4.0% in June, following a 4.4% increase in May.

Canadians continued to see elevated grocery prices (+9.1%) and mortgage interest costs (+30.1%) in June, with those indexes contributing the most to the headline CPI increase.

The all-items excluding food index rose 1.7% and the all-items excluding mortgage interest cost index rose 2.0%.

https://www150.statcan.gc.ca/n1/daily-quotidien/230718/dq230718a-eng.htm?HPA=1

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[–] [email protected] 36 points 1 year ago (16 children)

Boy that grocery inflation sure is sticky. Almost like the cause is located within the industry itself and not a factor being forced upon it externally.

[–] [email protected] 13 points 1 year ago (11 children)

It's almost like food is something everyone needs and has to buy no matter the cost, so there's no incentive for grocery stores to reduce their profit margins.

[–] [email protected] 9 points 1 year ago (10 children)

Competition/survival is the only incentive to reduce profit margins. Co-ops have no profit incentive.

This, seemingly inevitable, position was a long term strategy from consolidated major players with a history of collision.

Immediate steps you can take to help:

  1. If there is a co-op grocery option near you, join it. Second best is a local grocer. (Unpacking the supply chains is another beast...)

  2. Join a CSA / buy direct from farms. Avoid imported foods to the extent possible.

  3. Write you MP and MPP to support the removal of taxes on seeds and seedlings for food products, a tax that benifts major players and hurts non-profit growers.

  4. Grow some food, share it with your friends/family. Either on your own property or, for us condoites, community gardens.

[–] [email protected] 2 points 1 year ago

Second best is a local grocer.

Yeah I shop at my local Asian supermarket. Family run, and so much cheaper than the nearby Loblaws or even the farther No Frills.

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