Tuesday, April 16, 2024

Food inflation remains high


 

The price of food purchased from stores cost about three per cent more this March than a year ago, slightly higher than the overall rate of inflation which rose by 2.9 per cent, Statistics Canada reported.


The overall inflation rate inched up from 2.8 per cent in February because gasoline and housing costs increased.


Statistics Canada also reported percentage changes from a year earlier in December, showing prices paid farmers, food processors and for transportation were all down, but supermarkets hiked their markups by seven per cent.