Published 21 days ago

Grocery inflation to fall below two per cent this spring: report

Grocery inflation is forecasted to drop below two percent by spring and remain at a one to two percent range throughout 2024, according to a report by Farm Credit Canada.
The report anticipates food price increases to stabilize around pre-pandemic levels beyond 2024, as observed pressures decrease.
Despite challenges like elevated interest rates and tighter budgets, the outlook for food and beverage manufacturers in 2024 is more positive compared to the previous year, as indicated by Farm Credit Canada.

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