Food Inflation In Canada Could Be As Much As Twice What Official Figures Say

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A new study suggests that the Canadian government is vastly underestimating changes in food costs, and that the real prices increases may be double what has been reported.

Statistics Canada has reported a 2.7 increase in food prices over the past year, but new research is now showing that it may be actually five percent or more, or even in specialized areas such as that of meat products, more than 10 percent.

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According to Bloomberg Canada, the research was performed by Agri-Food Analytics Lab under the umbrella of Dalhousie University, and published on Wednesday.

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