Canadian Grocery Price Increases Outpace Overall Inflation for Third Straight Month: StatCan
Despite the annual pace of inflation cooling last month, Statistics Canada says consumers continue to pay higher costs for groceries.
The agency reports prices for food purchased from stores increased 3.8% on a year-over-year basis, up from 3.2% annual growth in March.
It marks the third straight month that grocery price increases outpaced the overall inflation rate, which was 1.7% in April.
StatCan says items that contributed most to year-over-year price acceleration include fresh vegetables, for which prices rose 3.7%, fresh or frozen beef...
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