Statistics Canada’s latest inflation report shows a big rise in Canadian food prices over the past year
Food costs in Canada are quite a bit higher today than they were a year ago, according to Statistics Canada’s latest Consumer Price Index (CPI) for September 2015, released on Oct. 23.
Consumers paid 3.5 per cent more for food overall in September compared with the same month a year ago.
Prices for food purchased from stores were up 3.9 per cent year over year in September, while prices for fresh vegetables increased more on a year-over-year basis in September (+11.5 per cent) than in August (+7.7 per cent).
The meat index rose 4.4 per cent year over year in September, following a 6.3 per cent increase in August. Prices for food purchased from restaurants were also up 2.7 per cent.
While prices rose in seven of the eight major components measured in the CPI on a year-over-year basis in September, food prices showed the greatest percentage increase of all.