Inflation in food retail prices has stayed stubbornly high, hovering around 11% for the last four months
was 6.3 per cent higher than a year earlier, compared with a year-over-year gain of 6.8 per cent in November — and 8.1 per cent in June.
A lack of supply naturally boosts prices. Higher import prices are being exacerbated by a weaker dollar: the Canadian currency was trading around 72 cents U.S. in mid-December, down from 80 cents in April. “That also acts to lift prices,” said Leslie Preston, an economist at Toronto-Dominion Bank. “We’ve had a weaker Canadian dollar and we do import a lot of food from the U.S.
Food processors can also opt to lock in prices of the ingredients they need through futures contracts, where the farmer promises to provide a certain number of bushels, say, at a certain time and the buyer garuantees a price. If a tomato sauce manufacturer signed a contract for tomatoes when the market price was high, consumers won’t feel the impact of that until the tomatoes are delivered, the sauce is made, and the manufacturer can negotiate a price increase with the grocery chains.
The whole process stretches out the time between a manufacturer incurring more costs, and those costs showing up in retail prices, if at all. In fact,
المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين
Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.
Corporations are winning the inflation bump, while Canadians struggle with high prices“Of every additional dollar that you're spending, on average, a quarter of it is just being declared as profits in oil and gas and mining,” said a senior economist at the CCPA.
اقرأ أكثر »
Corporations are winning the inflation bump, while Canadians struggle with high pricesBetween fall 2020 and fall 2022, 47 cents of every extra dollar spent on rent, food, transportation and more ended up as corporate profits in four industries, the report found.
اقرأ أكثر »
Corporations are winning the inflation bump, while Canadians struggle with high pricesRead the full story and comment on Tbnewswatch.com
اقرأ أكثر »
Food inflation: Shoppers turn to saving hacks long used by older Canadians - National | Globalnews.caGrocery prices were up 11 per cent in December compared with a year ago. Overall, grocery prices were up 9.8 per cent in 2022 compared with a year earlier..
اقرأ أكثر »
FP Explains: Breaking down the December inflation numbersInflation slowed again in December, hitting an annualized pace of 6.3 per cent. Find out what the numbers mean for you and interest rates.
اقرأ أكثر »
FP Explains: Breaking down the December inflation numbersInflation slowed again in December, hitting an annualized pace of 6.3 per cent. Find out what the numbers mean for you and interest rates.
اقرأ أكثر »