Canadian vegetable prices rising at fastest pace in three years

Canadians are paying a premium to eat healthy, and loading up the cart with fresh vegetables has become far more expensive over the past year.

According to new data released by Statistics Canada on June 19, prices for fresh vegetables are up almost 17 per cent over last year in May.

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, with even potatoes costing 16 per cent more and tomatoes up 14 per cent.

Food prices rose overall by 3.5 per cent in the same year. Statistics Canada reports the rise in prices likely reflects challenging weather conditions and supply shortages in some growing areas.

Source

AppleMark