Although a little outdated being from Nov 2022, Statistics Canada has a great breakdown of what contributes to the rising costs of food beyond transportation costs.
I’m not saying corporate profit-taking isn’t affecting prices or that we shouldn’t do anything about it, just that there’s a lot going on here. Last time I looked Loblaw’s profit margin had increased from 2% to 3% from 2020-2023. A 50% increase is a lot and I think they’re scum for doing that, but it doesn’t explain the overall ~30% increase in food prices.
Although a little outdated being from Nov 2022, Statistics Canada has a great breakdown of what contributes to the rising costs of food beyond transportation costs.
I’m not saying corporate profit-taking isn’t affecting prices or that we shouldn’t do anything about it, just that there’s a lot going on here. Last time I looked Loblaw’s profit margin had increased from 2% to 3% from 2020-2023. A 50% increase is a lot and I think they’re scum for doing that, but it doesn’t explain the overall ~30% increase in food prices.