LILLEY: Surging food prices highlight Canadians’ cost-of-living concerns |
Food inflation is climbing faster than overall inflation — and it may soon become a political problem.
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The cost of living is worse than it’s ever been: That’s the view of 67% of Canadians, according to an Abacus Data poll.
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The news from Statistics Canada on Monday morning won’t help with that feeling as grocery prices spiked yet again just before Christmas.
The latest inflation report from StatsCan shows core inflation rose 2.2% in November; food inflation, though, rose 4.7% for what we pay stores as opposed to restaurants.
“Prices for food purchased from stores rose 4.7% year over year in November after increasing 3.4% in October. The increase in November was the largest since December 2023,”