You won't believe it is butter!
If you do the grocery shopping, you might have noticed that food prices in Canada are on the up and quite a few products have seen significant changes in cost compared to last year.
The new Consumer Price Index for July 2021, released by Statistics Canada on August 18, shows that the cost of food across the country over the past year has increased by 1.7%, thanks in part to a few household items.
From July 2020 to July 2021, the price of edible fats and oils had the biggest increase at 11.8%, followed by butter at 10% and ham and bacon at 9.4%.
Along with those products, fresh or frozen poultry increased in price by 8.6%, fresh or frozen chicken by 7.3% and eggs by 5.8%.
On the other side of the spectrum though, several products saw a decline. Tomatoes had the biggest decrease of any of the food items analyzed, with a change of -33.6% from July 2020 to July 2021.
Back in May, it was revealed that Canada's inflation rate between April 2021 and April 2020 had the highest increase in the past decade with significant jumps in the prices of gasoline and shelter. However, the cost of food had risen at a slower rate then.
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