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Higher fuel costs are pushing trucking and food companies to add surcharges, and economists say shoppers are likely to see the increases quickly.
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New fuel surcharges on groceries and more making 'almost everything in the economy' more expensive
Canadians already struggling with rising grocery prices are staring down another blow as delivery companies are hitting their retail customers with new fuel surcharges triggered by the war in Iran.
April Inflation Surges to 2.8% in Canada Amid Middle East Crisis and Gas Spike - Commonwealth Union
StatCan shared that the cost of gasoline was 28.6% higher year-over-year last month in April. This increase was caused by the conflict in the Middle East, which disrupted global shipments and led to surging costs at gas pumps. April also witnessed the switch to more costly summer gasoline blends at gas stations throughout Canada. Higher gas prices, driven mainly by the Middle Eastern conflict, have pushed the annual rate of inflation up to 2.8% …
The increase in gasoline prices, mainly due to the war in Iran, brought inflation to 2.8 per cent in April in the country, according to Statistics Canada.This figure is larger than that recorded in March, 2.4 per cent, but it remains below economists' expectations.
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