Statistics Canada increases food weighting in inflation basket due to rising grocery and dining spending.

Statistics Canada has updated its basket of goods used to measure inflation, increasing the weighting of food due to higher spending on groceries and dining out by Canadians. Food now makes up 16.72% of the basket, up from 16.13% a year earlier, with food from stores and restaurants increasing their shares as well. This update reflects Canadians' changing consumption patterns and spending habits.

June 18, 2024
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