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HomeBreaking NewsInflation is impacting holiday shopping this season, Winnipeg businesses say

Inflation is impacting holiday shopping this season, Winnipeg businesses say

'Quick read' news summary

Families and businesses say they are feeling the impacts of inflation this holiday season.

For some businesses, like Harrisons Coffee Company, inflation is really impacting how many customers they are seeing come through their doors.

“Our customers or potential customers don’t have as much disposable income, so they’re having to make choices between bananas or coffee with their friends,” said co-owner Al Dawson.

However, the problem for businesses is not only related to disposable income, but also the high cost of food.

“So what used to be maybe $4.50 for a raw pound of green coffee is now upwards of $7,” Dawson said.

The cost of milk has also gone up around 30 to 35 per cent in the last year, which impacts the business due to the amount of milk the coffee shop goes through, he added.

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The cost of products, shipping, and interest rates are all taking a toll, giving businesses more hurdles to face after nearly three difficult years of the pandemic and lockdowns.

“To come out of that into this, I knew there was going to be bloodshed as a business owner, I never thought it would be an intravenous though… so it’s been killer for sure,” said Dawson.

The peak holiday season is usually a good time for businesses, but this year it is very different.

“For retailers, in particular, many of them say about 40 per cent of their annual sales happen in the six weeks leading up to Christmas,” said Dan Kelly, Canadian Federation of Independent Business.

“If they miss out on a good Christmas season, many small retailers are going to be in big trouble in the new year.”

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Families and businesses say they are feeling the impacts of inflation this holiday season. For some businesses, like Harrisons Coffee Company, inflation is really impacting how many customers they are seeing come through their doors. The peak holiday season is usually a good time for businesses, but this year it is very different.

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