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Tag Archives Inflation

Taxes and food rarely mix well together. If it doesn’t hurt those who provide us with food, it will eventually hit consumers, one way or another.
Comment, Op/Ed

Comment: Households are getting sandwiched

Many Canadians are stuck between rising food prices and stagnant-at-best wages

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Canada’s Food Price Report 2021 was released recently and brought some disconcerting news to Canadians. We could see food prices go up by as much as five per cent in 2021, the highest increase ever predicted by the authors, a group of 24 scholars from four different universities. For a family of four, the food bill could go
Crops, Markets

High food prices hurting India’s poor

Inflation pain expected to persist for months yet

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New Delhi | Reuters — India’s retail inflation may stay elevated for at least three more months after hitting a six-year high in October, as excess rain has damaged standing crops and seedlings, while edible oils that the country imports have become expensive. The high prices are a particular cause of concern for India’s hundreds
Crops, Markets

India’s levy cut on lentils part of balancing act

Global markets had zero or little forewarning of decision

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MarketsFarm — To Pulse Canada, the recent move by the Indian government to temporarily reduce the import levy on lentils from 30 to 10 per cent is part of a balancing act between competing interests. Greg Cherewyk, president of Pulse Canada, explained that Prime Minister Narendra Modi is “looking after the needs of a politically
Unlike what many analysts have said in the past, the food sector has never been recession-proof. COVID-19, however, may show us that it is in fact immune to deflationary pressures.
Op/Ed, Opinion

Opinion: Better get used to higher food prices

Food inflation is vastly outstripping price advances in other products

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Despite a negative inflation rate, recent StatsCan numbers are telling us that we are in for a wild ride at the grocery store. The numbers are also telling. While the general inflation rate sits at -0.2 per cent, the food inflation rate is at 3.4 per cent. In December 2019, Canada’s Food Price Report forecasted
Crops, Markets

Panic buying, lockdowns may drive world food inflation

World has ample grain and oilseed supplies, FAO and analysts say

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Singapore | Reuters — Lockdowns and panic food buying due to the coronavirus pandemic could ignite world food inflation even though there are ample supplies of staple grains and oilseeds in key exporting nations, a senior economist at FAO and agricultural analysts said. The world’s richest nations poured unprecedented aid into the global economy as
Crops

CN, CP come in under 2018-19 grain revenue caps

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Changes to federal rail transport rules that took effect in 2018 have put Canada’s big two railways well under their new Prairie grain revenue caps for the 2018-19 crop year. The Canadian Transportation Agency on Monday announced Canadian National Railway (CN) booked 2018-19 Prairie grain revenue of $933,357,710, a figure $371,116 below what the CTA
Almost 60 per cent of all Canadian consumers consider price as one of the top three decision criteria when grocery shopping.
Opinion

Opinion: ‘Shrinkflation’ is a thing

Ingredient prices are rising but Canadians stubbornly won’t pay more at the till

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Most consumers are always concerned about the cost of food. We constantly look for bargains and the food industry knows it. According to a recent survey, almost 60 per cent of all Canadian consumers consider price as one of the top three decision criteria when grocery shopping. Price is key, no matter what. Pricing in
Crops

Maduro rebukes Kellogg for leaving Venezuela

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Caracas/Valencia | Reuters — Venezuelan President Nicolas Maduro blasted U.S.-based cereal maker Kellogg Co. on Tuesday for pulling out of the country due to the economic crisis and vowed to hand over the company’s factory to workers. At a campaign rally ahead of Sunday’s presidential election, which Maduro is expected to win, the president called
Opinion

Food prices are… falling?

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I stopped in my tracks recently when I heard food prices actually dropped last year. It was nonsensical… how could an essential such as food be going down in price, with the cost of living marching forward? “It’s true,” says Mike Von Massow, a University of Guelph agriculture and food economics researcher. “The price of

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