Canadians could see lower grocery bills as food prices drop for the fourth month in a row, according to a United Nations Agricultural Organization report.
Dr. Sylvain Charlebois of Dalhousie University in Halifax, a Canadian researcher and professor in food distribution, say people have a lot of promotions and discounts to look forward to. “There is a bit of a lag affect when it comes to commodity prices and retail prices, depending on the commodity you look at,” Charlebois said.
The UN says the drop in prices was led by large percentage drops in the cost of vegetable oils and cereals, with the recent UN-brokered deal on Ukrainian grain exports being a reason for the decrease. With food costs at alarming highs, Charlebois is asking people to be careful with what they are buying as “greedflation” is still an issue.
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