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Metro joins grocer inflation pledges, says no supplier cost hikes over holidays

Click to play video: 'Loblaw freezing prices on No Name products in bid to ease inflation'
Loblaw freezing prices on No Name products in bid to ease inflation
Canada’s biggest grocer is locking-in prices for 1,500 items to help shoppers battle inflation. While the move is welcomed by Edmonton residents who shop for groceries at Superstore and other brands under Loblaw's banner, it's not all good news. Sarah Komadina has more – Oct 17, 2022

Metro Inc. says it will not accept cost increases from its suppliers over a three-month period in order to keep grocery prices stable during the holidays.

The grocer says this is a long-standing practice at Metro to avoid retail price changes during the busiest time of the year.

Marie-Claude Bacon, a spokeswoman for the Montreal-based company, says this applies to Metro’s private-label brands and national brand products and runs from Nov. 1 to Feb. 5.

Read more: Beyond Meat plans layoffs as grocery shoppers seek cheaper choices to beat inflation

Metro’s comments come a day after Loblaw Companies Ltd. said it would freeze prices on all its No Name products until next year as double-digit food inflation sends grocery bills spiralling.

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Loblaw said it locked in prices of the popular house brand, which includes more than 1,500 grocery items, until Jan. 31, 2023.

However, Metro’s comments suggest it’s not without precedent for grocers to hold the line on prices during the holiday shopping season.

Click to play video: 'Loblaw launches driverless trucks for PC Express food delivery'
Loblaw launches driverless trucks for PC Express food delivery

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