There is no end in sight to skyrocketing food prices for Canadians everywhere, from British Columbia to Prince Edward Island. Due to the loonie’s 13-year low, many in the food industry are warning that consumers can brace themselves for higher food prices in the coming months.
Although officials and central banks aren’t too concerned about inflation, food price inflation has surged exponentially. In the month of December alone, Canadians paid more than four percent more food foods purchased at grocery stores, particularly for fruits and vegetables.
Reuters is likely correct in its title”: $10 cauliflower is just the beginning: Canadian grocers.”
Consumers have been joking over the last month that the price of cauliflower will require you to take out a loan just to pay for the vegetable (SEE: Falling loonie, rising food prices, selfie-obsessed PM – a look at Canada’s economic collapse).
Food is the primary headline maker, but consumers could begin seeing an increase in prices in other areas as well.
“The price for a TV, or any big ticket item, is definitely going to jump up in the next month or two,” said Leif Quraeshi, an importer and distributor for high-end baby goods to retailers, in an interview with the newswire.
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