For the second straight month, grocery prices in our country rose faster than the inflation rate. Beef is significantly pricier than it was last year, which may be no shocker to shoppers.
Fresh and frozen beef costs 9.2 per cent more than it did a year ago, according to the latest Statistics Canada inflation data.
Overall, food purchased from stores in September cost 2.4 per cent more than it did last year, which was a larger increase than the country’s overall inflation rate of 1.6 per cent. It was the same case as the previous month, when groceries also increased by 2.4 per cent year-over-year in August.
The cost of food has gone up 2.8 per cent over the past year. Compared to two years ago, food purchased from stores is 8.3 per cent more expensive.
Some grocery staples have increased especially rapidly, like fresh or frozen beef (+9.2 per cent), edible fats and oils (+7.8 per cent) and eggs (+5.0 per cent).
Comments