Issued also in French under title: Un appel à l'action : comment le gouvernement et l'industrie peuvent lutter contre la volatilité des priz alimentaires.

Includes bibliographical references.

On 18 September 2023, the Minister of Innovation, Science and Industry, François-Philippe Champagne, met with representatives of Canada’s five largest supermarket chains (Costco, Empire, Loblaw, Metro, and Walmart) to encourage them to address the rising cost of food in their stores.[1] While Canada’s headline inflation rate, as measured by Statistics Canada’s Consumer Price Index (CPI), increased 3.8% on a year-over-year basis in September 2023, the rate of inflation in the CPI sub-category “food purchased from stores” rose by 5.8% over the same period. As the figure below shows, after experiencing double-digit increases in late 2022 – including some of the largest such increases in over 40 years[2] – the pace of inflation in this sub-category began to slow in February 2023, but has consistently exceeded the headline CPI inflation rate.