“A lower rate of inflation is better than a high rate, but I think people sometimes mistake what that means.'
The numbers released Tuesday morning show the national rate tumbled to 2.8 per cent in June, down from 3.4 per cent in May. In Alberta, June inflation came in at 1.9 per cent, down from 3.1 per cent, while Calgary’s rate fell to 2 per cent from 3.5 per cent the previous month.
A decrease in gasoline prices is being pointed to for the drop in inflation, but grocery costs rose at a rate of 9.1 per cent year over year.Grocery prices remain high even as Canada’s inflation cools “We need to prepare for the long-term: this isn’t going to go away fast, it’s been hanging around for a while and I think it’s going to stay for a while longer.”It’s not only prices at the grocery store that have been steadily increasing.
He said he tries to bring in more cost-effective options for his customers while keep the same level of quality, but he has little control over the price of pet food.
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