These foods cost more in Canada, despite inflation rate slowdown
Inflation for items in Canada is cooling however costs for meals stay excessive, Statistics Canada’s newest report exhibits.
The Consumer Price Index (CPI) for February was at 5.2 per cent year-over-year, a lower from January’s 5.9 per cent year-over-year enhance.
“This was the largest deceleration within the headline CPI since April 2020,” the StatCan report reads.
Energy mirrored the cooling as costs fell 0.6 per cent year-over-year. Gasoline costs are main the drop, StatCan says, with a 4.7 per cent distinction year-over-year — “the first yearly decline since January 2021.”
“Inflation is cooling more than what was typically expected,” David George-Cosh, BNN Bloomberg reporter, instructed CTV News Channel on Tuesday. “But when you drill down into some of the details, it’s unlikely to really convince Canadians that the worst is really behind us.”
Despite the general indicators inflation is reducing, Canadians should not seeing this mirrored at grocery shops, the place meals costs rose 10.6 per cent year-over-year in February. This is a slight lower from January, which noticed a 11.4 per cent year-over-year enhance.
FOOD PRICES REMAIN HIGH
February marks the seventh consecutive month of double-digit meals inflation, StatCan says.
This stress is essentially resulting from provide constraints from excessive climate in some areas and better prices of animal feed, power and packaging supplies.
Pasta merchandise proceed to extend in value, with a 23.1 per cent year-over-year distinction in February. This is an upward pattern from January, which had a year-over-year enhance of 21.1 per cent.
Fruit juice had the most important enhance in value from January to February 2023, knowledge from StatCan exhibits. In January, the product had a year-over-year distinction of 5.2 per cent; this rose to fifteen.7 per cent year-over-year in February.
According to StatCan, the short rise in the price of fruit juice is led by the elevated value of orange juice particularly.
“The supply of oranges has been impacted by citrus greening disease and climate-related events, such as Hurricane Ian,” the CPI report reads.
Oranges on their very own haven’t elevated fairly as dramatically between January and February of this 12 months. According to the info, in January oranges had a year-over-year enhance of 14.1 per cent, which rose to fifteen.1 per cent year-over-year in February.
Similarly, apples rose in value year-over-year to 16.6 per cent in February, a 4.5 per cent enhance from January.
Some areas did see costs slowing, StatCan stated.
Meat merchandise decreased to six.2 per cent year-over-year, although it is a smaller lower than in January.
But Canadians aren’t seeing decreases in all varieties of meat.
Fresh or frozen poultry remained excessive, as StatCan pegged the year-over-year enhance at 10.7 per cent in February, a slight enhance from January.
Fish, seafood and different marine merchandise elevated by 1 per cent from January’s year-over-year marker to 7.4 per cent year-over-year in February.
Fresh or frozen beef noticed a discount in February, with a year-over-year enhance of two.4 per cent in comparison with January’s 3.7 per cent distinction.
Buyers of some varieties of produce are seeing a cooling impact as nicely, together with the prices of lettuce and tomatoes.
Lettuce in January rose to 32.8 per cent year-over-year, however dropped the subsequent month to twenty.2 per cent in comparison with February 2022.
Tomatoes in January had a 21.9 per cent year-over-year enhance, which dropped to 7.1 per cent year-over-year in February.
STUDY SHOWS MISTAKES ON RECEIPTS
Many Canadians are actually conscious about how a lot meals objects price, to allow them to guarantee they aren’t paying extra, however a new examine exhibits two-thirds (67 per cent) of individuals have seen a mistake on their grocery receipts within the final 12 months.
Dalhousie University’s Agri-Food Analytics Lab polled 5,525 respondents.
According to the survey, 78.5 per cent of those that famous a mistake reported the commonest error was that the value on the money register was not the identical value displayed on the shelf. About one-third of respondents stated the every day low cost was not utilized and a complete of 31.4 per cent claimed the cashier scanned an merchandise too many instances.
A majority of individuals stated they examine receipts for errors as they exit the shop, earlier than getting dwelling. However, the survey notes not all Canadians have the behavior of checking for errors; solely half stated they all the time examine, whereas 3.3 per cent by no means do.
“As for frequency of mistakes, 79.2 per cent of respondents claim that they find at least no mistakes on their receipts, at least 10 per cent of the time,” the press launch reads. “A total of 15.2 per cent will find at least one mistake on their receipt, 25 per cent of the time.”
Note: knowledge for some particular grocery objects can be found solely nationally, and should not obtainable by province. Can’t see the interactive above? Click right here.
