Inflation has gone down 0.1 percent in November, reported Statistics Canada on Dec. 21, with the Consumer Price Index (CPI) rising 6.8 percent year-over-year compared to 6.9 percent in October.
While the general CPI dropped slightly, food prices marked an increase, rising 11.4 percent year-over-year compared to 11 percent in October.
“Food inflation remained broad-based, with prices for groceries rising at a faster rate than the all-items CPI every month since December 2021,” the agency wrote in its bulletin.
The price for edible fats and oils is up 26 percent year-over-year, non-alcoholic beverages 19.4 percent, eggs 16. 8 percent, and fresh fruit 11 percent.
Canadians had a bit of respite at the pump, with gas prices falling 3.6 percent in November following a 9.2 increase in October….