Soaring prices at the grocery store fuelled Canada’s inflation in September
OTTAWA, ON – Canadians are continuing to feel the pinch at the grocery store as food prices soared last month at the fasted rate since August 1981.
Statistics Canada’s latest consumer price index report shows that while overall inflation cooled slightly to 6.9 per cent for the month of September from 7.0 per cent inflation in August, food prices were up a staggering 11.4 per cent compared with a year ago.
Statistics Canada says food prices have been increasing at a faster rate than all the items the consumer price index tracks for 10 consecutive months.
Statistics Canada says on a year-over-year basis, Canadians paid more for items such as meat, which was up 7.6 per cent, dairy products, which rose 9.7 per cent, bakery products, which rose 14.8 per cent, and fresh vegetables which were up 11.8 per cent.
