Close X
Friday, November 15, 2024
ADVT 
National

Food items that got more expensive in August, and which ones saw prices go down

Darpan News Desk The Canadian Press, 17 Sep, 2024 10:29 AM
  • Food items that got more expensive in August, and which ones saw prices go down

Inflation has come down from its highs, and groceries are no exception.

Statistics Canada reported on Tuesday that grocery prices in August rose 2.4 per cent from the year before, a far cry from their peak of 11.4 per cent in late 2022 and early 2023. 

Overall annual inflation was two per cent in August, the slowest pace since February 2021. 

As Canadians grapple with double-digit increases in grocery prices over just a few years, here are some of the food items still on the rise, and the ones that are seeing prices move lower. 

Meat

Prices for meat rose 2.9 per cent in August compared with a year ago, led by beef (7.4 per cent) and pork (8.7 per cent). Chicken rose more slowly at 2.4 per cent. 

Meanwhile, prices for fish and other seafood were slightly down by 1.8 per cent. Canned salmon saw a particular decline, down 7.1 per cent, as did shrimp and prawns, down 7.3 per cent. 

Prices for processed meat declined slightly, with prices for ham down three per cent while bacon prices rose 8.6 per cent.

Dairy and eggs

Overall prices for dairy products rose 3.3 per cent, while fresh milk was up 2.8 per cent and cheese by 2.3 per cent. Butter prices declined 1.7 per cent. 

The price of eggs rose 3.4 per cent. 

Produce

Prices for fresh fruit rose 1.5 per cent, though oranges saw prices fall 6.6 per cent and the price of grapes rose 7.6 per cent. 

Prices for fresh vegetables rose faster than fruit at 4.4 per cent. Certain items saw double-digit price increases, such as onions (15.9 per cent) and peppers (11.6 per cent). Lettuce was up by 4.6 per cent, and tomatoes by 5.3 per cent. 

Other

Bakery product prices were up 1.2 per cent, with cookies and crackers rising 6.6 per cent even as prices for bread, rolls and buns were down 1.5 per cent. 

Edible fats and oils, not including margarine, rose by double digits at 11.4 per cent in August. 

Sugar and syrup rose 2.1 per cent, while coffee declined one per cent and non-alcoholic beverages rose 6.3 per cent. 

Prices for restaurant food rose faster than grocery prices, at 3.4 per cent. 

MORE National ARTICLES

Re-arrest for Vancouver sex offender

Re-arrest for Vancouver sex offender
Vancouver police say a high-risk sex offender who was serving a five-year long-term supervision order was rearrested last week. Police had issued a public warning on February 26th that Skylar Wayne Pelletier had been released from custody and was living in Vancouver. The 24-year-old was previously convicted of sexual assault, assault, and break and enter.

Re-arrest for Vancouver sex offender

Grandparent scam in Kelowna

Grandparent scam in Kelowna
Kelowna RCMP say they are looking for a woman who's involved in a recent scam targeting the elderly. Police say the suspect reportedly took money from an elderly woman after someone pretending to be an officer called the victim about her grandson being arrested and needing to pay a bond.

Grandparent scam in Kelowna

B.C.'s securities watchdog fined rule breakers $430M. Why can't it make them pay?

B.C.'s securities watchdog fined rule breakers $430M. Why can't it make them pay?
Thalbinder Singh Poonian and Shailu Poonian claim they'll be in debt to the commission "likely for life," owing about $19 million after being found to have engaged in market manipulation of a company's stock in 2015. The commission ruled the couple boosted the price of OSE Corp. on the Toronto Stock Exchange by trading among themselves, relatives, friends and acquaintances, then sold the shares at the inflated prices to unsuspecting buyers.

B.C.'s securities watchdog fined rule breakers $430M. Why can't it make them pay?

State funeral for former prime minister Mulroney to be held in Montreal March 23

State funeral for former prime minister Mulroney to be held in Montreal March 23
A state funeral for former prime minister Brian Mulroney will be held on March 23 in Montreal. Mulroney died Feb. 29 at a Florida hospital following a recent fall at his Palm Beach home. He was 84. Parliamentarians are expected to pay tribute to Canada's 18th prime minister in the House of Commons when MPs return to Ottawa on March 18 after a two-week break.

State funeral for former prime minister Mulroney to be held in Montreal March 23

Man arrested in Port Moody after driving car into sea for video livestream

Man arrested in Port Moody after driving car into sea for video livestream
Police in Port Moody, B.C., say a man may be charged after he allegedly drove his vehicle into the sea as part of a livestreamed video. Const. Sam Zacharias says in a release that officers were called to the Rocky Point boat launch in the city at around 10 p.m. Monday.

Man arrested in Port Moody after driving car into sea for video livestream

PBO expects inflation to fall to 2% by end of year, deficit to grow amid weak economy

PBO expects inflation to fall to 2% by end of year, deficit to grow amid weak economy
The parliamentary budget officer is projecting inflation will return to the Bank of Canada's two per cent target by the end of the year and the federal deficit will grow amid weakening economic conditions.  The budget watchdog's latest economic and fiscal outlook comes as the federal government gears up for its spring budget and Canadians eagerly wait for the central bank to begin lowering interest rates.

PBO expects inflation to fall to 2% by end of year, deficit to grow amid weak economy