Canada, the mad rush of food prices continues

TORONTO – Inflation continues to decline, albeit slightly (from 6.3% in December 2022 to 5.9% in January 2023), but the bull market in food shows no signs of slowing down. It was already known – just go shopping to find out – but now the numbers of the latest report by Statistics Canada confirm it: in January, the prices of food products recorded a year-on-year increase of 11.4%, compared to 11% the previous month. And since last August, the food inflation rate has been over 10%.  (more…)