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Economists say there are a number of factors driving up food prices in Canada, which were up 9.1 per cent year-over-year in June. But they expect food inflation to slow over time.
The question on every Canadian’s mind lately: Why are grocery prices still so high? Granted, the price growth for food is finally starting to moderate, coming in at 2.7%% year-over-year in...
Dec 7, 2023 · Major Canadian grocers, such as Loblaw, have been under pressure to stabilize Canadian food prices. The federal government has called on them to provide detailed plans to address rising...
The Bank of Canada closely monitors grocery prices, which are included in Statistics Canada’s measure of annual inflation: the consumer price index. Many factors affect grocery prices, including the cost of energy, labour and transportation, as well as exchange rates and the size of a harvest.
May 27, 2024 · Nearly everyone is feeling the pinch, and it’s not just an inconvenience — high food prices are a major threat to food security for many Canadians. Understanding why food prices are so high and why they are changing is critical to the well-being of our society.
Oct 3, 2024 · Market watchers agree there are macroeconomic explanations for these stubbornly high prices, including knock-on effects from supply chain disruptions, increased crop prices during the pandemic and, more recently, a weakening exchange rate for the Canadian dollar and higher oil prices than five years ago despite the recent declines.
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Oct 13, 2023 · Although the latest data from Statistics Canada shows that monthly increases in food prices may be slowing down, the cost of groceries in Canada remains high. From vegetables to fresh and...
