Inflation is down, officially, but consumers will be forgiven for not celebrating.
While Canada’s consumer price index fell from 3.4% in May to 2.8% in June, the cost of groceries was 9.1% above where it had been a year earlier.
True, the rate of inflation on groceries was 10.4% in January, so 9.1% today is better. But excuse me if I’m not all that grateful, given that essential groceries such as eggs, pasta, butter and meat are as much as 40% above where they were this time last year.
