Canada has become the ‘food inflation capital’ of the G7, food expert says
Canada has become the ‘food inflation capital’ of the G7, food expert says
Canada has become the ‘food inflation capital’ of the G7, food expert says
Canada has become the ‘food inflation capital’ of the G7, food expert says
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“food inflation would have been around 4.2 per cent without the GST holiday”
So middle of the pack for the G7. The extra inflation caused by the GST holiday not being in place is mostly junk food fwiw.
Edit: Also worth noting that the article doesn’t mention that this expert is AKA “the food prof” who is constantly discredited. He once posted a photo of 2 steaks side by side from the USA and Canada and stated how shocking the price difference was. The problem was that the Canadian steak was much bigger and in CAD obviously. I pointed out the easy task of converting CAD/KG to USD/LB and that the steaks were priced very similarly and then he blocked me lol. The only time I had ever replied to him and he made sure I couldn’t point out any simple inaccuracies again.
Maybe it’s more expensive to get fruit from Chile than our terrorist neighbours. I’m willing to pay more or go without.
It’s corporate greed, folks. Plan and simple. Their profits have never been higher. “Inflation” is the convenient boogeyman.
Is there any practical solution to this? Demand is still high, and it’s not easy to increase supply to balance things out. It’s shocking that food prices rose that much even though the population stagnated or declined. Is it possible that supply is being artificially restricted to keep prices high?
Don’t give Sylvain Charlebois any more attention.
He hides his lobbying relationship with Loblaw’s and is trotted out by the corporation to point fingers at any other villain that isn’t the 3rd richest man in Canada. He’s paid to be a useful idiot with a cozy relationship with corporate media.
Also, don’t ask him why he had to leave the University of Regina in the late 2000s.
Problems with transportation of food sit at the feet of the federal government. Those costs could be reduced.
Whatever happened to the grocery charter and trying to get low cost grocers from Europe (aldi etc) to set up in Canada? I thought Champagne was leading that charge? What’s the update?
This Liberal government always engages in fanfare with such new initiatives and then they eventually fizzle out when people get distracted.
Wasn’t there a report a few years ago, that highlighted how grocers were raising their prices higher than their margins called for, during the pandemic?Â
The two commodities they sate the rise in have gone up by a greater % in the USA and our eggs haven’t seen a spike in 2026 where one can still find a dozen eggs for around $5. Only France and Italy seem to have super low food inflations rates and that might be due to government programs that look directly at food inflation and who knows what the USA is doing with Stats given the shutdown they had and the political pressure to show signs of things getting cheaper (even if they aren’t, lots of anecdotal info on reddit). Otherwise we are roughly in the ballpark with the other G7 give or take but yah, things are up.
it’s ridiculous seriously, there’s no way costs increased this much, also no way the growers/farmers are profiting from this, so who is?