OP-ED: How Canada became the food inflation capital of the G7
Sylvain Charlebois writes, "Food prices in Canada rose 6.2% year over year in December, with grocery store prices up 5.0% and restaurant prices jumping 8.5%."
Author: Sylvain Charlebois
Food prices in Canada rose 6.2% year over year in December, with grocery store prices up 5.0% and restaurant prices jumping 8.5%. That alone would be troubling. What makes it more alarming is that inflation came in well above expectations, pushing Canada to its highest food inflation rate since August 2023.
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