"Politicians championing the plan say these stores would sell staple items at lower prices than private grocery stores. But critics say the idea is half-baked and will only waste public money."
"Canadian grocery prices were up 5.7 per cent in February from a year ago, according to Statistics Canada. Canada's Food Price Report forecasts that prices will increase four to six per cent this year."
"Building stores and trying to run a business that is so dependent on distribution, on efficiencies, and scale, I think we're just going to be throwing money away without achieving the objectives that we're trying to achieve."
Public grocery stores are being proposed in Canada to combat rising food costs, with plans in Toronto and New York City. These stores would sell staple items at lower prices, funded by the city covering construction and operational costs. Critics argue the initiative may waste public money and not effectively address inflation. Statistics Canada reported a 5.7% increase in grocery prices, with further increases expected. Food economist Michael von Massow cautions that public grocery stores may not solve the underlying issues of distribution and efficiency in the grocery sector.
Read at www.cbc.ca
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