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

According to a 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.

“Canadians are aligned across age, income, education, gender and political affiliation in believing that companies are taking advantage of inflation to increase their prices further than necessary. 4 in 5 across nearly all of these groups say this the case, while 1 in 12 believe grocers that these gains are from savvy business maneuvering.”

Approaching four-in-five (78%) say grocery stores are taking advantage of inflation to make increased profits. Fewer than one-in-ten (7%) believe instead the increased margins are due to good management by grocery chains.https://t.co/aFV5I0B5tT pic.twitter.com/dLekoxkh6T
— Angus Reid Institute (@angusreidorg) August 22, 2022

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 in recent years.

For the latest in news, please visit the News section.