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19.10.2022 / 16:37

Canada’s inflation rate slowed to 6.9% in September, but grocery prices soared

inflation cooled to 6.9 per cent, according to Statistics Canada.Prices on food purchased from the grocery store continued to soar, rising 11.4 per cent to a new 41-year high.Last month, shoppers paid more for meat (7.6 per cent), dairy (9.7 per cent), bakery goods (14.8 per cent) and fresh vegetables (11.8 per cent), according to StatsCan.The agency says food prices have outstretched the overall inflation rate for 10 consecutive months. It pointed to unfavourable weather, higher prices on inputs such as fertilizer and natural gas, and continued disruption from Russia’s invasion of Ukraine as driving up prices.StatsCan said the drop in September’s headline inflation figure was largely thanks to lower gas prices.

Statistics Canada Britain Canada Russia city Columbia, Britain Ukraine county Price inflation interest rate

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