Tuesday, February 17, 2026

Food prices soaring


 

While overall inflation held to 2.3 per cent in January, food prices shot up by 7.6 per cent.


Restaurant meals cost 12.3 per cent more than a year ago.


The news comes days after the federal government announced it will bring in the Canada Groceries and Essentials Benefit program in July It will increase the Goods and Services Tax (GST) Credit by 25 per cent and give it the new name.