Metro says it won’t accept supplier cost increases during the holidays to keep prices stable
Metro Inc. said it would not accept cost increases from suppliers for a three-month period to keep grocery prices stable over the holidays.
The grocer says it’s a long-standing practice at the Metro to avoid changing retail prices during the busiest times of the year.
Marie-Claude Bacon, a spokeswoman for the Montreal-based company, said this applies to Metro’s private label brands and national brand products and runs from November 1 to December 1. February 5.
Metro’s comments come a day after Loblaw Co., Ltd. said it would freeze the prices of all its No Name products until next year after double-digit food inflation sent grocery bills down. increase in the spiral direction.
Loblaw said it has pegged the price of the affordable homeware brand, which includes more than 1,500 grocery items, through January 31, 2023.
However, Metro’s comments suggest it’s not without precedent for grocery stores to keep prices down during the holiday shopping season.
This report by the Canadian Press was first published on October 18, 2022.