Despite accusations of price gouging from some parliamentarians, there is no evidence that retailers, grocers, and wholesalers have increased their prices to take advantage of inflated supply-chain costs, says the Bank of Canada.
“The cumulative growth of markups of consumer-oriented firms was close to zero between 2020 and 2022,” wrote the Bank of Canada (BoC) in a recent report, titled “Markups And Inflation During The Covid-19 Pandemic,” as first reported by Blacklock’s Reporter on June 20.
The central bank added that any price increases have been “consistent with complete pass-through of the various shocks to costs experienced along the supply chain in recent years.”…