While the overall inflation rate is 7.7%, food inflation is still higher. According to Statistics Canada, the overall cost of groceries is up 9.7% compared to one year ago, but the cost of specific items is even higher.
Cooking oils rose 30%, the highest on record. Fresh vegetables were up 10.3% in May after an 8.2% increase in April. Fresh and frozen fish saw price increases of 11.7%, and meat only increased by 9% compared to the 10.1% increase the month earlier.
Once again, gas is even higher with Canadians paying a national average of $2.03 per litre compared to $1.33 a year ago.
No comments:
Post a Comment