
Food Prices - Long and Short Term Views
We are hearing a lot about food price inflation and the Statistics Canada food price index for August affirms that prices in August were up 2.7% year over year. This is significant and is likely to continue. The fact that overall inflation (4.1% in August relative to August 2020) is outpacing food price inflation suggests that there will more pressure overall on our pocketbooks going forward. Some of these food price increases look like they may be around for a while (and