Metro Inc. said they would not accept cost increases from suppliers for a period of three months to keep grocery prices stable during 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 Company Ltd. said they will freeze prices on all of their No Name products until next year when double-digit food inflation sent grocery bills spiraling.
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.
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