2024 grocery inflation expected to fall below 2% by spring and remain between 1-2%: Farm Credit Canada report.
Grocery inflation is expected to fall below 2% by spring and remain between 1-2% for the rest of 2024, according to a new report by Farm Credit Canada. The report predicts that food price increases beyond 2024 will stabilize around pre-pandemic levels, with pressures driving prices higher easing. The annual food and beverage report also offers forecasts for consumer spending and specific food items such as sugar and flour.
April 10, 2024
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