9 d. ago
Loblaws grocery prices finally cooling in Canada but tariffs could reverse trend
Grocery shoppers in Canada experienced a bit of relief in June, but Loblaw's latest report says that could easily change with the ongoing tariffs spat.According to the grocery giant's July food inflation report, food prices in June rose by 2.8 per cent compared to last year. It's a slower pace than the 3.3 per cent increase seen in May, but still higher than the headline inflation rate of 1.9 per cent.Loblaw says the drop in fresh vegetable prices, which fell by 3.1 per cent, helped ease cost pressure on grocery bills, encouraging shoppers to buy local heading into the summer."The summer months bring some of the best quality and lowest pricing options for certain fresh produce for Canadians," reads the report.Veggies like locally grown lettuce, celery, beans, eggplant, and zucchini come into season, hopefully lowering your grocery bill."As international options include higher freight costs and foreign exchange rates, during peak growing seas...
Economics