Prices for food items purchased from stores in Canada decreased slightly month to month in December, Statistics Canada says, but consumers continue to pay more for fresh vegetables, dairy products, and meats.
the month before. The overall Consumer Index Price was 6.3 per cent year-over-year in December, a decrease from 6.8 per cent in November."The monthly decline in December is the largest since April 2020, mostly driven by gasoline prices, which also posted their largest monthly decline since April 2020,"
"For Canadian eggs at the store, the retail price isn't set by egg farmers," says Jodey Nurse, a faculty lecturer studying historical patterns of agricultural marketing systems at McGill University. Nurse also said the distance between egg farmers across Canada helps minimize the spread of disease among birds. She believes eggs are still considered an affordable protein.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Canada’s inflation rate eases to 6.3% in December as gasoline prices fallThe latest reading on price pressures in the Canadian economy will be a key consideration for the Bank of Canada as it weighs whether to hike its policy rate again on Jan. 25
Read more »
Lower gas prices pull inflation back to 6.3% in Canada in DecemberGrocery prices eased slightly, with food purchased from stores increasing 11% in December, a marginally slower pace from the 11.4% rise in November From alicjawithaj
Read more »
Inflation rate slowed in December but grocery prices stayed highThe Bank of Canada will be paying close attention to this latest inflation report as it gears up for its next interest rate decision on Jan. 25
Read more »
Annual inflation rate slowed in December but grocery prices stayed highCanada’s annual inflation rate slowed to 6.3 per cent in December as the cost of groceries remained high and gas prices cooled.
Read more »
Spot gold prices hold near session high as U.S. PPI drops 0.5% in December(Kitco News) - Slowing momentum in the U.S. economy appears to be having an effect on inflation as producer prices drop more than expected in December.
Read more »
Statistics Canada to release December inflation report this morningStatistics Canada will release its inflation report for December this morning. The federal agency's consumer price index report will provide insight on how quickly prices rose last month as Canada continues to struggle with decades-high inflation.
Read more »