Statistics Canada says Canada’s inflation rate tumbled to 2.8 per cent in June, putting it within the Bank of Canada’s target range for the first time in more than two years. Statistics Canada’s consumer price index report Tuesday says the deceleration was broad-based, though lower gasoline prices compared with last year led the slowdown. But…
Canada’s Inflation Rate Tumbles to 2.8% in June Even as Grocery Prices Remain High
Cost of Many Basic Grocery Items Has Increased 3 to 4 Times Inflation Rate: StatCan
July 6, 2023
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If it seems like every grocery trip is costing more and the quantity of food that comes home is getting smaller, that impression might be accurate. The cost of grocery staples is so high that it has increased by more than three or four times the rate of general inflation, according to new data from Statistics…
Rising Price of Food Threatens to Adversely Affect Poverty Rates in Canada: Government Memo
January 24, 2023
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An internal government memo states that food inflation is rising so much, it threatens to reverse gains in the national rate of poverty. The memo, called “School Food” from the Department of Social Development, said the average 11 percent increase in grocery food prices “could impact poverty rates in Canada” for years in the future….
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