Canadian food suppliers are once again issuing notices to grocery retailers informing them of upcoming price hikes.
The letters signal more price increases will hit grocery stores this fall in a year that has already seen nearly double digit increases in food costs.
In some cases, the higher prices are due to the Canadian Dairy Commission’s approval of a second milk price increase this year. Farm gate milk prices are set to go up about two cents per litre, or 2.5 percent, on Sept. 1.
Yet dairy processing companies appear to be tacking on their own increases as well, the so-called piggybacking of price hikes industry observers warned would happen….