Canadian inflation hits 30-year high

Fresh produce prices expected to soar

In Canada, a leading food analyst says to expect an increase in food prices, as record inflation hits the country. Dairy and fresh produce will be seeing the biggest price hike. Statistics Canada’s consumer price index in December was up 4.8 per cent compared to last year, putting the annual inflation rate at its highest in three decades.

The impact the increasing pace of inflation will have on food prices will be significant, said Sylvain Charlebois, professor in food distribution and policy at Dalhousie University, with overall prices expected to rise between five to seven per cent by year’s end.

With empty shelves increasingly becoming the norm, an even greater rise in food prices is on the horizon, he said. The cost of fresh vegetables is predicted to go up as much as seven per cent, fruit prices will rise by five per cent.

Source: thestar.com


Photo source: Dreamstime.com


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