#foodinflation

MalayalisNearMe Official

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๐Ÿ‘‰Industry Minister Francois-Philippe Champagne continues his efforts to attract international grocers to Canada, aiming to boost competition in the grocery sector and alleviate food inflation. Despite previous attempts to engage Canadian grocers in stabilizing prices, Champagne now focuses on luring foreign players. Metro Inc. reports substantial profits amidst rising sales, indicating impending retail price adjustments. Champagne urges transparency from Canadian grocers and hints at potential consequences for non-compliance. His letter to the competition commissioner suggests a follow-up study on the grocery sector's dynamics.โœ… . ๐๐ž๐ฌ๐ญ ๐ˆ๐ง๐๐ข๐š-๐‚๐š๐ง๐š๐๐š ๐Ÿ๐ฅ๐ข๐ ๐ก๐ญ ๐๐ž๐š๐ฅ๐ฌ ๐š๐ฐ๐š๐ข๐ญ! ๐‘๐š๐ก๐ฆ๐š๐ง ๐“๐ซ๐š๐ฏ๐ž๐ฅ ๐’๐ž๐ซ๐ฏ๐ข๐œ๐ž๐ฌ (๐Ÿ”๐Ÿ’๐Ÿ•) ๐Ÿ–๐Ÿ–๐Ÿ—-๐Ÿ๐Ÿ•๐Ÿ•๐Ÿ”, ๐Ÿ—๐ŸŽ๐Ÿ“-๐Ÿ’๐Ÿ๐Ÿ-๐Ÿ๐Ÿ•๐Ÿ–๐Ÿ• ๐ฌ๐š๐ฅ๐ž๐ฌ@๐ซ๐š๐ก๐ฆ๐š๐ง๐ญ๐ซ๐š๐ฏ๐ž๐ฅ๐ฌ๐ž๐ซ๐ฏ๐ข๐œ๐ž๐ฌ.๐œ๐จ๐ฆ @rahmantravelservices . . #GroceryBattle #FoodInflation #InternationalGrocers #CanadianRetail #MarketStudy #PriceStabilization #TransparencyDemand #mnm #malayalisnearmeapp #canadaupdate #canadanews

84 Views

10 months ago

MalayalisNearMe Official

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๐Ÿ‘‰As Canada enters the new year, hopes for a decrease in food prices are dampened by the 2024 Canadaโ€™s Food Price Report. Projections indicate a 2.5 to 4.5 per cent rise in grocery costs, impacting an average family's annual expenditure. The report attributes price hikes, especially in bakery, meat, and vegetable sectors, to factors such as supply chain disruptions, climate change, carbon tax, shelfation, and conflicts in Ukraine. With a 5.9 per cent overall increase in the Consumer Price Index (CPI), concerns rise over the two million food bank visits in the previous year, marking a significant uptick. Produced in collaboration with renowned universities, the annual report underscores the ongoing struggle to balance food prices amid a complex web of economic factors.โœ… . ๐’๐ž๐œ๐ฎ๐ซ๐ž ๐ฒ๐จ๐ฎ๐ซ ๐๐ซ๐ž๐š๐ฆ ๐ก๐จ๐ฆ๐ž ๐ฐ๐ข๐ญ๐ก ๐๐ž๐ž๐ง๐š ๐•๐š๐ซ๐ ๐ก๐ž๐ฌ๐ž, ๐Ž๐ง๐ญ๐š๐ซ๐ข๐จ'๐ฌ ๐ฆ๐จ๐ซ๐ญ๐ ๐š๐ ๐ž ๐ž๐ฑ๐ฉ๐ž๐ซ๐ญ. ๐‚๐š๐ฅ๐ฅ: +๐Ÿ (๐Ÿ’๐Ÿ‘๐Ÿ•) ๐Ÿ—๐Ÿ–๐Ÿ-๐ŸŽ๐Ÿ–๐ŸŽ๐Ÿ’ @neena.robin . #CanadianFoodPrices #FoodCosts #EconomicChallenges #FoodInflation #ConsumerConcerns #SupplyChainIssues #PriceControlEfforts #mnm #malayalisnearmeapp #canadaupdate #canadanews

98 Views

10 months ago

MalayalisNearMe Official

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๐Ÿ‘‰Unveiled as a measure to help Canadians offset higher grocery bills due to inflation, the rebate comes with a price tag of $2.5 billion for the federal government. The food-inflation focused affordability measure is set to roll out to approximately 11 million low- and modest-income Canadians.โœ… For example, if you are single you could receive a maximum payment of: $234 if you have no children $387 if you have one child $467 if you have two children $548 if you have three children $628 if you have four children And, if you are married or have a common-law partner, you could receive up to: $306 if you have no children $387 if you have one child $467 if you have two children $548 if you have three children $628 if you have four children . . #GroceryRebate #InflationHelp #AffordabilityMeasure #CanadianGovernment #LowIncomeSupport #ModestIncomeSupport #FoodInflation #mnm #malayalisnearmeapp #canadaupdate #canadanews

206 Views

1 year ago

MalayalisNearMe Official

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๐Ÿ‘‰Canada's inflation rate in May dropped to 3.4%, reaching its lowest point since June 2021. The decrease is anticipated to be positive news for the Bank of Canada, as it prepares for the upcoming interest rate decision on July 12, following a recent quarter-percentage point increase to 4.75%. Statistics Canada's report attributed the slowdown primarily to reduced gasoline prices compared to the previous year. However, despite the overall decline, food inflation has yet to see a significant improvement, with grocery prices remaining high, increasing by nine per cent annually and showing minimal change from April. April had experienced a slight increase in inflation to 4.4%, slightly reversing the progress made since the previous summer.โœ… . . #CanadaInflation #BankOfCanada #InterestRateDecision #GasolinePrices #FoodInflation #GroceryPrices #EconomicNews #mnm #malayalisnearmeapp #canadaupdate #canadanews

192 Views

1 year ago

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