Did the consumer backlash against inflation start this week?
A story on the Globe website caught my eye this week because it may signal the beginning of a consumer backlash against soaring living costs.
The movie theatre chain Cineplex CGX-T announced a $1.50 booking fee for ticket purchases made online and through its mobile app. This goes against all the rules of online economics, which is that you get a price break for not taking up a company’s time and space. But the response to the Cineplex price hike suggests a broader anger. People are fed up with rising prices.
Our story about Cineplex was one of the most widely read on our website that day, and it generated a lot of comments. There was also a lively discussion about the announcement on the Personal Finance Canada thread of …
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