Grocery store CEOs set to testify over food prices amid big profits

The CEOs of Canada’s big grocery chains will be grilled by politicians on Wednesday about why they’re making so much money while low-income Canadians are being crushed by rising food prices.

Loblaw Companies, Metro and Empire Company will testify before the Commons agriculture committee as part of its study on food inflation.

Experts are hoping the elected officials will push for more transparency on the rapid rise in food prices.

Grocery prices in January were up 11.4 per cent compared to a year ago.

That’s nearly double the overall rate of inflation, which was 5.9 per cent that month.

— With files from The Canadian Press