The United Nations’ food price index, calculated by the Food and Agriculture Organization, stood at 120.7 points in August, marginally down from its revised figure for July, as decreases in the price indices for sugar, meat and cereals outweighed increases in those for vegetable oils and dairy products.
Compared to historical levels, the index in August averaged 1.1 percent lower than its corresponding value one year ago and 24.7 percent below its peak of 160.3 points reached in March 2022.
But not if you buy your groceries at Loblaws, Sobey's or Metro.
