Posted 10/8/2023, 12:12:56 PM
Lowering Grocery Prices Will Take Time, Minister Says; Deadline Set for Grocers' Price Reduction Plans
- Industry Minister says lowering food prices will take weeks and months, not a quick fix
- Government set deadline for grocers to have a plan to stabilize prices by Thanksgiving
- Grocers implementing measures like price freezes, price matching, discounts
- Government also working on legislative changes to strengthen competition in grocery sector
- Minister defends timing, says actions not due to slipping poll numbers but public concern