Statistics Canada reported a 10.3-per-cent year-over-year increase in the price of food in September, with the biggest increases being for imported food items
Food prices continue to skyrocket across Canada, driven in large part by higher import and input costs, as well as challenges posed by the pandemic and Russia’s invasion of Ukraine.
“In general on farms, we’re still seeing higher prices for fuel, for fertilizer and for labour,” he said. Though some of these costs, such as the price of fuel, have begun to ease recently, he said it may take some time before that’s reflected on grocery shelves. “It’s many things that are less obvious,” he said. He pointed to food packaging costs as one example: The price of glass has skyrocketed recently because of the large amount of energy required to manufacture it.
And in Ottawa, an NDP motion to investigate “greedflation” among grocery chains was passed unanimously by MPs this week. The motion also asks grocery chain CEOs to appear before the standing committee on agriculture to explain their roles inA report from the Agri-Food Analytics Lab at Dalhousie University this year investigated this very issue and found no evidence of abuse.
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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 rate, expected to drop again - National | Globalnews.caRCB says core measures of inflation, which are less volatile, are unlikely to decline because of strong demand for services in the economy.
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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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Food prices rise despite slowing inflation rateNew data released by Statistics Canada Wednesday contained both good and bad news for consumers.
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Inflation: Here are the grocery items that increased the most in September - BNN BloombergFood inflation hit its fastest year-over-year pace in September since August 1981. 🥣 Cereal products rose the most at 17.9% ☕ Coffee and tea came in second at 16.4% 🍞 Bakery products took third place at 14.8%
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Inflation: Here are the grocery items that increased the most in September - BNN BloombergFood inflation in Canada hit its fastest year-over-year pace in September since August 1981.
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