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HoC Standing Committee on Agriculture and Agri-Food tackled the issue of food inflation this week

Stats show that food price inflation between January 2022 and January 2023 was 11.4 percent.

Consumers report switching to cheaper brands, buying products on sale and flyer price comparison shopping and going where the price is the best instead of retail loyalty.

Anthony Durocher, the Deputy Commissioner of the Competition Promotion Branch told the House of Commons Standing Committee on Agriculture and Agri-Food committee that on October 24th they launched a market study of grocery store competition in Canada.

He notes it is not an investigation into any specific allegations of wrong doing, instead they are pro-actively looking for ways that governments can act to improve competition in the sector, because more competition means lower prices, more choice and more convenience for consumers.

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