Thursday, December 22, 2022

GROCERY PRICES UP 11.4% IN NOVEMBER

   The annual rate of inflation in Canada cooled to 6.8 per cent in November amid falling prices at the gas station, but Statistics Canada’s latest report shows there’s little relief for consumers at the grocery store.
   In its latest consumer price index (CPI) report released Wednesday, Statistics Canada said slower price growth for gasoline and furniture last month was offset by rapidly rising shelter costs and stubbornly high grocery prices.
   Grocery prices climbed at a faster annual rate in November. The federal agency said prices rose 11.4 per cent annually, up from 11 per cent in October.

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