Looking for cheaper food? Eat pork!
Food in Canada has become more expensive in 2006, with
one major exception: pork. Fresh or frozen pork prices declined by
Figures by Statistics Canada tell that pork (and other meat) prices went
down despite a general 2.8% food price increase compared to September 2005.
The 2.8% rise is well above the broader 0.9% inflation rate. Pork however
continued its two-year decline.
Prior to June, 2005, pork prices rose as a low-carb diet sent demand for
bacon and ham soaring. As the popularity of that diet subsided, demand dwindled
and prices began to fall.
Another reason for weakness in pork prices lies in the US, since that
country has increased production, so consequently Canada is exporting less,
driving supply up and prices down.
The most expensive foods in Canada last
year were apples (up 19.4%), tomatoes (up 16.1%) or lettuce (up 32.4%).
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