Inflation in Canada Dropped Slightly in November but Food Prices Are Rising Faster

Started by Epoch-Times-Bot, Dec 21, 2022, 11:26 AM

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Epoch-Times-Bot

Dec 21, 2022, 11:26 AM
Inflation in Canada Dropped Slightly in November but Food Prices Are Rising Faster

Inflation has gone down 0.1 percent in November, reported Statistics Canada on Dec. 21, with the Consumer Price Index (CPI) rising 6.8 percent year-over-year compared to 6.9 percent in October.
While the general CPI dropped slightly, food prices marked an increase, rising 11.4 percent year-over-year compared to 11 percent in October.
"Food inflation remained broad-based, with prices for groceries rising at a faster rate than the all-items CPI every month since December 2021," the agency wrote in its bulletin.
The price for edible fats and oils is up 26 percent year-over-year, non-alcoholic beverages 19.4 percent, eggs 16. 8 percent, and fresh fruit 11 percent.
Canadians had a bit of respite at the pump, with gas prices falling 3.6 percent in November following a 9.2 increase in October....

Source: Inflation in Canada Dropped Slightly in November but Food Prices Are Rising Faster

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