Canada's competition watchdog is launching a study to examine whether the highly concentrated grocery sector is contributing to rising food costs.
"With inflation on the rise, Canadian consumers have seen their purchasing power decline," the Competition Bureau said in a news release Monday. "This is especially true when buying groceries. In fact, grocery prices in Canada are increasing at the fastest rate seen in 40 years."
Although the overall inflation rate has begun to drop from its peak of 8.1 per cent in June, food prices have not only outstripped that but continue to rise.
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