November 05, 2024 17:00 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Union Minister HD Kumaraswamy booked for threatening cop probing into mining case | Supreme Court upholds validity of Uttar Pradesh Madrasa Education Act | Not all private properties are community resources that govt can take over: Supreme Court | Pakistan's Lahore has become world's most polluted city with an AQI of 1900 on Sunday | Indian Army 'successfully completes' patrolling to a key point in Ladakh's Depsang region
Canada’s grocery bills skyrocketing though annual inflation rate drops slightly to 6.9 pct in Sep: Stat Canada
Stastics Canada
Image Credit: Representative image of Canada's food prices soaring/ credit: Pixabay

Canada’s grocery bills skyrocketing though annual inflation rate drops slightly to 6.9 pct in Sep: Stat Canada

| @indiablooms | 19 Oct 2022, 11:14 pm

Toronto/IBNS: Canada’s grocery bills continue to soar, though the annual inflation rate dropped slightly in September to 6.9 per cent, Statistics Canada reports.

The price of grocery prices rose at the fastest rate since August 1981, and compared to last year, these have risen 11.4 per cent compared with a year ago.

According to Statistics Canada, food prices have outstretched the overall inflation rate for 10 consecutive months.

The slight deceleration from 7.0 per cent in August in the latest consumer price index is mostly attributed to lower gas prices, reports the federal agency

Compared to August, gas prices fell by 7.4 per cent in September.

As far as homeowners or prospective buyers are concerned, the cost of mortgage interest is being pushed up by higher interest rates, while other costs rise at a slower pace.

(Reporting by Asha Bajaj)

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.
Related Images
Xi Jinping, Putin in Russia 22 Mar 2023, 02:56 pm
Related Videos