Canadians are likely to see inflated food prices at their local grocery stores for several more months, some experts say.
at Dalhousie University in Halifax, told CTV News Channel on Sunday that food prices have risen by about five per cent across the board since January.
When it comes to global food inflation, Charlebois says we are likely in the "third inning of a nine-inning baseball game right now," which will mean "several months of rockiness at the grocery store, unfortunately."of longer-than-expected inflation affecting Canadians. The inflation rate is currently 4.4 per cent, up from 4.1 per cent in August, and could reach five per cent by year's end.that global food prices are the highest they've been in more than a decade.
Charlebois says many processors are expected to reduce the amount of variety in the foods they produce.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Canadians paid the price for British mistakes in Dieppe, says British historianIn his book Operation Jubilee, military historian Patrick Bishop offers a retelling of the raid during the war in 1942 and its cost to Canadian lives
Read more »
Five things to watch for in the Canadian business world in the coming weekCanadian Tire, Cineplex and Freshii are among the Canadian companies scheduled to release their latest earnings reports this week.
Read more »
Canadian men’s rugby team looks forward to a new beginning, starting in PortugalCanadian men’s rugby team, ranked No. 23, take on 19th-ranked Portugal on Saturday
Read more »
Fears about skyrocketing dairy prices may be misplaced, economists sayScholars say the relationship between farm prices and supermarket prices is messy and a big bump on one end doesn't always result in an equally big bump on the other
Read more »