As food inflation hits 8.8 per cent, experts expect market volatility, continued high prices in fall

Conservative MP John Barlow says we're in a 'perfect storm' for higher food prices, given skyrocketing costs for fuel, fertilizer, and seed, combined with the ongoing conflict in Ukraine.

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. Photograph courtesy of Pixabay

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BY MIKE LAPOINTE

July 27, 2022

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 co...

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