In September the price of food continued to soar in Canada, rising 11.4 per cent compared to a year ago. It's a new high not seen since 1981.
"Everything is going up that’s for sure," said Victoria Swift who was grocery shopping in Langford, B.C. on Wednesday.
"So many businesses are still managing to make record profits and yet are still raising their prices because they say they need to," said Rancier. "Amounts do grow over time, so two per cent in 2022 doesn’t necessarily look like a two per cent in 2017," he said. Loblaws, which owns a range of grocery stores including the Real Canadian Superstore, is freezing prices on all of its No Name products until Jan. 31.
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Statistics Canada to release September inflation data this morningStatistics Canada is expected to release September inflation numbers this morning.
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Statistics Canada to release September inflation data this morningStatistics Canada is expected to release September inflation numbers this morning.
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