You’d never call Toronto a cheap city, and grocery shopping isn’t always easy here, especially since food prices seem to be climbing at stores across the city. But there’s good news if you shop at places like Loblaws and Metro. That’s because prices might be coming down.
Food prices haven’t been growing as much, especially in comparison to last year. As the Canadian Press reports, inflation was particularly high in the third quarter of 2015 (nearly four per cent), and during that time, customers started reaching for cheaper products. So, the massive chains had to make some changes.
“We’re reducing prices to see if we can draw the customer back in,” said Galen G. Weston, the executive chairman and president of Loblaw Companies Ltd. Just how much of a discount consumers will see is unknown, but any decrease in prices will surely come as music to Toronto shoppers’ ears at this point.
Will lower prices entice you to shop at Loblaws? Let us know in the comments.