Loblaw April Food Inflation Report
According to StatsCan, overall inflation rose to 2.8% YoY in April, up from 2.4% in March, while food purchased from stores increased 3.8% YoY after a 4.4% increase the month prior. StatsCan noted that a sharp rise in gasoline prices tied to conflict in the Middle East, alongside seasonal fuel market dynamics, contributed to the outcome.
The Loblaw Food Inflation Report includes context surrounding seasonal produce, energy markets, fertilizer expenses, trade discussions, and more.
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