inflation grocery stores greed-flation canadians canada

4 in 5 Canadians believe grocery stores are taking advantage of inflation to make increased profits

A large majority of Canadians believe that “greed-flation” is responsible for recent record-breaking profits by grocery stores.

According to a new study by the Angus Reid Institute, 4 in 5 Canadians (78%) believe that grocery stores are taking advantage of inflation to make increased profits.

Just 7% of Canadians believe that grocery stores are not taking advantage of inflation, and that their increased profits are due to good management.

“Grocery prices have been a cause of heated debate in recent months. All three of Canada’s largest grocery conglomerates — Loblaws, Metro and Empire — have enjoyed increased profit margins as inflation has ticked upward. One investigation found that the rate of price increases at those grocers outpaced the rate of inflation, suggesting that these companies may be profiting in excess with inflation as a guise for price hikes.”

4 in 5 Canadians believe grocery stores are taking advantage of inflation to make increased profits

NDP leader Jagmeet Singh has frequently highlighted greed as the cause of the record-breaking profits by Canadian Tire and Walmart over the past year.


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