Wednesday, December 21, 2022

Food prices still rising

Food prices were 11.4 per cent higher in November than a year earlier, reports Statistics Canada.

That compares with 11 per cent higher in October.


But the overall rate of inflation inched down from 6.9 per cent in October to 6.8 per cent in November.


Gasoline prices declined by 3.6 per cent from October, yet were 13.7 per cent higher than a year ago.


Within the food index, Statistics Canada reports that edible fats and oils are 26 per cent more expensive than a year ago, coffee and tea 16.8 per cent, eggs 16.7 per cent, cereal products 15.7 per cent and bakery products 15.5 per cent.