CANADA — Grocery prices in September were up 11.4% from a year earlier, the fastest food-inflation pace in 41 years. Canadians paid more for meat (7.6%), dairy products (9.7%), bakery products (14.8%), and fresh vegetables (11.8%), among other food items, in September 2022 over September 2021. Grocery prices have been increasing faster than the overall Consumer Price Index for the last 10 months, since December 2021. That trend continued in September as the Consumer Price Index — which includes many common goods and not just food — went up 6.9% on a year-over-year basis. StatCan blames rising food prices on unfavourable weather, higher fertilizer and natural gas costs and geopolitical instability stemming from Russia’s invasion of Ukraine.

Source: thestar October 21, 2022 19:11 UTC