$100 buys just enough to fill 2 small bags: A look at grocery-item inflation in Canada
Grocery store inflation has now outpaced the rise in the overall consumer price index in Canada for 18 straight months.
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Grocery store inflation has now outpaced the rise in the overall consumer price index in Canada for 18 straight months.
July’s rebound in gas prices pushed the annual rate of inflation up to three per cent last month even as there were signs cost pressures were easing at the grocery store, Statistics Canada said Monday.
Canada’s annual inflation rate was 3.0 per cent in July, Statistics Canada says. Here’s what happened in the provinces (previous month in brackets)
Here are five things to watch for in the Canadian business world in the coming week.
U.S. inflation slowed last month and a measure of underlying price pressures also cooled, suggesting higher oil and gas prices from the Iran war are only having a limited impact on broader costs in the economy.
Canada’s dollar will enter a holding pattern in coming months before notching moderate gains in a year as recent signs of domestic economic recovery support the currency, a Reuters poll showed.
Consumers are looking for savings in the frozen vegetable aisle at Loblaw banners as prices of fresh produce have spiked in recent months.
An early look into how Canada’s new grocery code of conduct is faring finds there’s hesitation among suppliers and retailers to bring up concerns about their counterparts, for fear it could strain their business relationships.
Toronto is looking to ban what is known assurveillance pricing in grocery stores, a practice that experts say could allow retailers to use shoppers’ data to charge different prices for the same products.
Inflation numbers held some good news for Canadians in June, but the price tag to feed families continues to rise.
Lower gas prices were the major force pulling the headline inflation rate down in June but economists weighing in on the latest price data.
Canada’s annual inflation rate was 2.8 per cent in June, Statistics Canada says. Here’s what happened in the provinces.
The future for big booze might be smaller — literally.
Falling gas prices in June are expected to pull the annual inflation rate back below three per cent when Statistics Canada reports fresh price data.
The Bank of Canada says food inflation is likely to remain high through the second half of the year as the war in Iran pushes the cost of fuel and farming higher.