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Why is inflation heating up at the grocery store again? Blame the loonie
A weak Canadian dollar is being blamed as a key culprit behind sticky inflation at the grocery store, a trend one expert says he expects to persist heading into the holidays. While overall inflation has moderated in recent months, settling back at the Bank of Canada’s two per cent target in October, consumers are once again feeling the pinch on groceries. The annual cost of food bought from the store rose 2.7 per cent annually last month, accelerating from a rate of 2.3 per cent in September. October marked the third consecutive month grocery prices outpaced the rest of the consumer basket tracked by Statistics ... (full story)