Here's How Much More Canadians Are Paying For Groceries & Which Items Jumped The Most
Have you noticed the increase on your bill?
Groceries on a conveyor belt.
The latest Consumer Price Index has been released for January 2024, and while Canada's food inflation rate isn't as high as it has been in past months and years, the numbers still show increases people are likely feeling while doing their grocery shopping.
According to the data, from January 2023 to January 2024, the price of food increased by 3.9% while food purchased in stores increased by 3.4%.
In terms of what you're paying more for in comparison to last year, from January 2023 to 2024, the price of fresh or frozen beef is up by 6.5%, processed cheese is 6.4% more, cookies and crackers are up by 10.2%, fruit juice is up 17.2%, tea is up by 9.6% and frozen and dried vegetables are up by 9.9%.
While those items have gone up, others that haven't seen a huge increase year over year are what's causing the percentage of grocery price increase to only be 3.4%.
"The deceleration of grocery prices was broad-based, with products such as meat (+2.8%), other food preparations (+4.2%), dairy products (+1.5%), bakery products (+4.0%) and fresh fruit (+1.9%) contributing to the slower year-over-year price growth in January," says the government.
"Other food items, such as soup (-2.1%), bacon (-8.4%) and shrimps and prawns (-3.4%) had year-over-year price declines in January."
This article's cover image was used for illustrative purposes only.