BlogTO: 'Loblaws saw profits spike by 40 per cent in the first quarter of this year, and also reported in May that prices for items in its stores were indeed going up faster than the overall consumer price index — 9.7 per cent for groceries vs. 7.7 per cent overall infation rate (which is being pulled up by food inflation), figures from StatsCan show.
'While the health crisis has disrupted labour, supply chain and manufacturing costs, the big three grocery stores in the nation are jacking up prices "more than they have to," a Toronto Star report has found, all after recording a record $4 billion in extra grocery sales within the first six months of lockdown vs. the year prior.'