The cost of food continues to climb despite overall inflation easing, but experts predict grocery prices will begin to stabilize later this year as supply chains return to pre-pandemic levels.
StatGrocery costs saw an 11.4 per cent jump from the same time last year, up slightly from December's 11 per cent rise, while food purchased from restaurants rose 8.2 per cent - up half a percentage point from the month prior driven by higher demand for takeout and fast food.
On a monthly basis, fresh or frozen chicken prices jumped nine per cent from December, marking the largest month-over-month increase since 1986.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Food inflation: Cost of chicken soared as food prices stayed high in January - BNN BloombergCanadian chicken prices saw their largest monthly increase in nearly four decades, contributing to faster food price growth reported in Statistics Canada’s January inflation numbers.
Read more »
Food prices continue to climb despite overall inflation easingThe cost of food continues to climb despite overall inflation easing, but experts predict grocery prices will begin to stabilize.
Read more »
Russia and China have a stranglehold on the world's food securityMoscow’s invasion of Ukraine highlighted the role of fertilizers — and who controls them — as a strategic lever of global influence
Read more »
BeaverTails closes most of its food stands on the Rideau Canal for the seasonBeaverTails has closed most of its food stands on the Rideau Canal Skateway, but one remains in place, in the hope that at least a stretch of the world's largest skating rink could still open this season. ottnews
Read more »
Wine, fondue recalled by food inspection agencyBrand of Pinot Noir sold at LCBO recalled due to possible presence of glass
Read more »
Tasty invaders: What if we used green crabs for food or fertilizer?Invasive European crabs are wreaking havoc in B.C. waters, harming native ecosystems — and refusing to leave. With food prices climbing, one First Nation says rather than dump them, we should eat them.
Read more »