Food Fluctuations Drive Inflation in Canada

Food price inflation was a major contributor to the most volatile price fluctuations in the Canadian Consumer Price Index in more than five years, Statistics Canada said Monday.

OTTAWA, Ontario — Food price inflation was a major contributor to the most volatile price fluctuations in the Canadian Consumer Price Index in more than five years, Statistics Canada here said Monday.

Consumer prices increased by 2.3% in Canada in 2008, up from 2.2% in 2007. But the average masked a 3.9% annual increase in food bought from stores, the agency said.

Inflation was most active during the fourth quarter, when food price increases accounted for more than 60%

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