The rising cost of food
It was expected, but still jarring. In April, food inflation in Canada surged to 3.8% — a full 2.1 percentage points above the national inflation rate, and nearly double the U.S. rate of 2%.
Once again, food is the primary driver behind Canada’s headline inflation, amplifying affordability concerns from coast to coast.
Behind that 3.8% figure lie significant increases across key food categories. Meat prices climbed 5.8% year-over-year, with beef leading the pack at a staggering 16.5%. Egg prices rose 3.9%, while fresh fruit and vegetable prices increased by 5.0% and 3.7%, respectively. These aren’t anomalies. They reflect underlying cost pressures exacerbated by recent shifts in trade policy and supply chain strategy.
Since March, when both Canada and the United States implemented a new round of tariffs, the divergence in outcomes has been striking. U.S. food inflation has continued to cool, while Canada’s has nearly tripled over the same period.
In two integrated economies, this growing disparity should raise red flags.
The root causes are........
© Castanet
