Statistics Canada reported last month that prices for food purchased from stores rose 6.9 per cent in August, down from an 8.5 per cent increase in July but still well above the month's headline inflation rate of four per cent.
“But they'll look for creative ways (to save). Maybe they do a little more potluck things this year.”As of August, the retail price per kilogram of potatoes was up 6.8 per cent, while butter has seen a 9.2 per cent jump, according to Statistics Canada. Brown rice was about 6.3 per cent more expensive than last year.
“Because we are in harvest time of year, if you look at mashed potatoes, if you look at apples and apple pie, if you look at pumpkins, and pumpkin pie, all of those are now available locally and in abundance. So we would expect, even in an inflationary time, that prices would come down at this time of year.”
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