Food inflation hit 8.8 per cent last month, according to the June Consumer Price Index, outpacing Canada’s annual inflation rate, which hit 8.1 per cent.
With food price inflation outpacing Canada’s annual inflation rate, experts say everything from high fuel and fertilizer costs, to labour shortages in manufacturing and transportation, to the ongoing conflict in Ukraine will continue to stoke market volatility and higher prices in the months to come.Enjoy unlimited website access and the digital newspaper.
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