Inflation Rises More Than Expected | Fed Has No Choice

We are seeing some costs stabilize and even begin to reverse in a few areas, and we are actively lowering prices in key categories. However, we still have over 1,000 supplier requests on our desks for significant cost increases," Loblaw president and chairman Galen Weston said on a conference call with analysts on Thursday. "We continue to believe that these inflationary pressures are temporary and that they will ease with time, but predicting how long that will take is proving extremely challenging."

TOPICS AND TIMESTAMPS:
Inflation and Economy 0:00

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