Shoplifting has surged to an alarming level across Canada, industry insiders say, with inflation and labour shortages cited as major factors behind the increase. The uptick has triggered concern among Canadian grocers even as the rise in food prices helps pad their bottom lines. Grocery prices were up 11 percent year-over-year in October and they’re…
Grocery Shoplifting on the Rise in Canada Amid Inflation, Industry Insiders Say
2 Teens Killed When Getting Thanksgiving Grocery
Police in the US state of Texas were searching for a suspect as they began investigating a double shooting in Houston that left two teenage boys dead. Officers were called to an apartment complex in the city’s west just after midnight on Thursday. When they arrived, they found the two teenagers, aged 17 and 18,…
2 Teens Killed in Texas
Police in Texas were searching for a suspect as they began investigating a double shooting in Houston that left two teenage boys dead. Officers were called to an apartment complex in the city’s west just after midnight on Thursday. When they arrived, they found the two teenagers, aged 17 and 18, with gunshot wounds. The…
Britons Delay Christmas Shopping as Grocery Price Inflation Hits Record 14.7 Percent
British consumers are delaying their Christmas shopping as grocery price inflation in the UK hits a new record, according to new research. According to the latest data from research firm Kantar, four-week grocery price inflation has reached 14.7 percent, the highest since the firm began to record the data in 2008. The firm said that…
Agriculture Researcher Predicts ‘Perfect Storm’ for High Grocery Prices Nationwide
The cost of farming will remain volatile next year, and high grocery prices with it, according to a University of Missouri research associate for the Food and Agricultural Policy Research Institute. “This isn’t a message I like talking about,” Senior Research Associate Ben Brown told The Center Square. “Most likely, the path forward is going…
California’s Drought Withers Tomatoes, Pushing Grocery Prices Higher
October 11, 2022
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FIREBAUGH, Calif.—A lack of rain and snow in central California and restricted water supplies from the Colorado River in the southernmost part of the state have withered summer crops like tomatoes and onions and threatened leafy greens grown in the winter. That has added pressure to grocery prices, putting a squeeze on wallets with no…
24 Percent of Canadians Are Buying Less Food Due to Rising Inflation: Report
Almost a quarter of Canadians are buying less food as they struggle to keep pace with higher food prices due to inflation, says a new report by a food research lab. In a study to understand how rising inflation has impacted Canadians, Agri-Food Analytics Lab (AAL) at Dalhousie University found that 23.6 percent of Canadians…
Grocery Store Inflation Soars at Fastest Pace in 43 Years
Inflation continues to pinch Americans’ wallets and poses a political dilemma for President Joe Biden, with consumers feeling the pain, especially in the cost of food bought in supermarkets and grocery stores. While America’s overall annual inflation rate came in at 8.3 percent in August, according to Sept. 13 data from the Bureau of Labor…
Kroger Raises Annual Forecasts on Upbeat Grocery, Essentials’ Demand
Kroger Co raised its annual sales and profit forecasts on Friday as inflation-hit consumers drive up demand for groceries and household essentials at the cost of discretionary goods. Shares of the Cincinnati, Ohio-based grocer whose quarterly results also topped estimates, rose nearly 4 percent. Grocery retailers tend to perform well in an economic turmoil as…
Canadian Food Suppliers Signal More Price Hikes Coming to Grocery Stores This Fall
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…
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