08:39 AM EST, 01/21/2025 (MT Newswires) -- Loblaw ( LBLCF ) says a confluence of factors including a weak loonie mean grocery prices will continue to rise faster than overall inflation, The Canadian Press reports Tuesday.

Canada's largest grocer released a report on food inflation the evening before Statistics Canada's scheduled monthly Consumer Price Index report.

Loblaw ( LBLCF ) says many suppliers are still proposing price increases above inflation, while supply chain issues, a weaker dollar and rising production costs are also making food more expensive.

The Canadian Press noted Canada's major grocers have been under intense scrutiny from politicians and consumers in the wake of a bout of inflation that saw grocery prices go up more than 20% over three years.

It also noted the grocers have denied accusations of profiting from inflation, saying they face unreasonable requests from suppliers and have been doing their part to mitigate rising prices.

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