# Inflation seems to be cooling — except at the grocery store. What’s going on? - National | Globalnews.ca

> 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.

- Date: 2023-02-22 · published 2023-02-22T12:00:00.000Z
- Category: report · region Canada · magnitude low
- Page: https://feedsoft.ai/events/37477-inflation-seems-to-be-cooling-except-at-the-grocery-store-what-s-going-on
- Commodities: [Chicken](https://feedsoft.ai/c/CHICKEN.md)

## Why it matters

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.

## Sources

- globalnews.ca: https://globalnews.ca/news/9501246/food-inflation-canada-causes-january-2023/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.