Canada’s inflation rate slows in July, but food prices continue to rise

Canada's inflation rate slowed slightly in July, but food prices are still on the rise.

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19 comments

  1. It’s greed!! Loblaws is the worst. You can bet the share holders haven’t lost a single penny. Maybe Galen Weston can take a hit instead of the consumer who is being gauged at every turn.

    1. No, it’s called federal government monetary policy. Inflation is caused by the federal government inflating the currency supply, which is exactly what has happened over the last three years with massive, unsupported federal spending.

  2. 2-3 weeks ago the reported inflation rate in the USA was 9.1%. Most of my purchases has been up 30-40%.
    Sounds like they’re trying to fool you Canadians as well.

    1. In Germany they claim 7% compared to the last year, but in reality everything is 200% more expensive since corona started. Not joking.

    2. @Prod0x Fallout from their insane negative rate policies. Negative rates just means all the banks turn insolvent and all the savers have to sell empty bottles back to the stores to be able to eat. Great monetary system and when inflation hits it turns to runaway inflation then hyperinflation due to negative interest rates.😃

  3. The new norm, get used to it. The rises in prices produce record profits many industries very convenient. Hey if it cuts down on consumption, less of a footprint….more for the rich etc..etc.

    1. Profits are falling and will continue to fall inflation adjusted. The same is true for corporate profits they’re all falling sharply due to the inflation rate.

  4. Eggs in 2020 were selling for $2.25 for 12 large. Now you are seeing the same for $3.80 , they have almost doubled in price.

    1. You can thank national governments for that, due to their inflating of their currency supplies with their reckless, unsupported spending of the last three years.

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