Soaring grocery prices push Canada's inflation rate way higher

The cost of living is on the rise once again, with soaring food prices driving up the inflation rate in Canada, according to the latest data.

The Consumer Price Index for September reveals that inflation in Canada rose at a rate of 2.4 per cent compared to September last year. In August this year, inflation increased by 1.9 per cent.

The largest increase was in food prices, with Canadians paying more for produce, beef, and sugar. In September, grocery prices rose by four per cent compared to last year’s 2.4 per cent increase, contributing to the overall increase in inflation.

“Consumers paid four per cent more year over year for food purchased from stores in September, following a 3.5 per cent increase in August,” reads the report.

Canadian shoppers saw the highest increase in prices