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cost of groceries canada

If you've been feeling like the cost of groceries has been burning a hole through your wallet lately, you're not far off.

Statistics Canada has just released its monthly consumer price index (CPI), shedding light on inflation in Canada, and it seems like the price of groceries is still on the rise.

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Inflation in Canada is at the forefront of everyone's mind right now, and new research really backs this up.

Data collected by the Angus Reid Institute has looked at how Canadians are responding to price increases, with four out of five stating they are cutting back on spending.

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Due to the continued rise of inflation in Canada, there are a bunch of grocery items that are going to be costing way more than they did last year.

According to the Consumer Price Index for April 2022 released by Statistics Canada, the cost of food has gone up a whole 9.7% since the same time last year.

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Hold onto your wallets because inflation in Canada has increased once again and the cost of groceries has gone up massively.

On May 18, Statistics Canada put out the Consumer Price Index for April 2022 and it showed that consumer prices in Canada rose by 6.8% year over year, largely driven by food and shelter costs.

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