Tuesday, September 20, 2022

Food price inflation still raging

Food prices rose by 10.8 per cent in August over the same time last year, reports Statistics Canada.

That’s the steepest increase in 40 years. Then the late prime minister Pierre Elliott Trudeau appointed the late Beryl Plumtree to head a Food Prices Review Board. Then agriculture minister, the late Eugene Whelan, vigorously defended farmers’ prices and threatened to “chop down the plum tree.”

Gasoline prices dropped by 9.6 per cent, prompting a slight decline in the overall inflation rate from 7.3 per cent in July to seven per cent for August.