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This pound of butter costs nearly $10 at Loblaws. Why so expensive? It’s complicated … (www.thestar.com)

submitted 1 year ago by [email protected] to c/[email protected]

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[–] [email protected] 5 points 1 year ago

It's not too complicated.

Firstly, businesses have to maintain a profit margin in order to survive. That margin takes precedence over actually providing their product or service.

Secondly, public corporations are expected to take that margin and somehow magically increase it year-over-year. The pandemic and inflation was the perfect cover for public supermarket chains' greed. Across nearly all sectors, the profit margins inflated on top of the input costs.