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CHARLEBOIS: When price of oil surges, grocery bills will follow

Oil shocks in 2008, 2011 and 2022 all triggered noticeable increases in food prices months later

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The cost of a barrel of oil has now crossed the $90 mark and some analysts are warning that it could soon exceed $100. If that happens, Canadians should brace themselves — not at the gas pump, but at the grocery store.

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