Vegetable prices rising at fastest pace in three years
|Toronto Star 19 Jun 2019 at 10:56|
Prices for fresh vegetables were up 17 per cent from a year earlier in May, according to data released Wednesday by Statistics Canada. That’s the eighth straight month of double-digit gains, and the fastest yearly growth since the start of 2016. The price gains are widespread across the produce aisle — potato costs are up 16 per cent and tomatoes rose 14 per cent.
The run-up in prices likely reflects challenging weather conditions and supply shortages in some growing areas. Canada’s inflation rate for all goods and services was 2.4 per cent in May.