7 d. ago Food prices in Canada keep rising faster than rate of inflation

No, you haven't been imagining it: your grocery bill may have gotten more expensive recently, at least according to Loblaw's September Food Inflation report, which states that food prices have remained above the general rate of inflation due to external pressures.The report, released on Sept. 30, shows that food inflation in Canada rose 3.5 per cent in August compared to the overall Consumer Price Index (CPI) at 1.9 per cent."Much of this gap is tied to broader global factors — such as commodity volatility, higher transportation and energy costs in the supply chain, and weather-related disruptions affecting produce and meat," reads the report.One of these weather-related disruptions is due to the unusually low rainfall seen in the Atlantic provinces, Quebec, and parts of Ontario. Due to this, Loblaw said that crops like corn, soybeans, blueberries, and root vegetables were "stressed during critical growth phases," which in turn reduced yields, ...

Economics

3 w. ago Economists unanimous on interest rate cut after latest inflation numbers

August’s core inflation numbers 'cemented' a rate cut by the Bank of Canada on Wednesday, says Scotiabank's Derek Holt

Economics

3 w. ago Core Inflation Eases in Canada, Opening Way for Another Rate Cut

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Economics

3 w. ago Canada’s inflation rate ticked up slightly in August: StatsCan

The Consumer Price Index, measuring inflation for consumer goods and services, was measured at 1.9 per cent in August by Statistics Canada.

Economics

3 w. ago Canada’s inflation rate ticked up slightly in August: StatCan

The Consumer Price Index, measuring inflation for consumer goods and services, was measured at 1.9 per cent in August by Statistics Canada.

Economics

3 w. ago Canada’s inflation rate accelerates to 1.9 per cent in August

The fall in gasoline prices slowed in August

Economics

3 w. ago Inflation ticks up to 1.9% in August, short of economists’ expectations

OTTAWA — Statistics Canada says the annual pace of inflation accelerated to 1.9 per cent in August, from 1.7 per cent in July. The agency says gas prices were up on a monthly basis and fell less year-over-year in August than in July, pushing the headline inflation rate higher. More coming.

Economics