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Statistics Canada data released February 21 showed food prices rose 10.4% year over year in January, while overall CPI slowed to 5.9%. Meat, bakery and other grocery items led the increases, and food inflation has outpaced general inflation for 13 straight months.
Persistent food inflation reflects high input and processing costs but does not directly move feed grain prices. Feed buyers should treat it as background context for consumer demand.
globalnews.caCraig LordFeb 22, 2023Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
