Food Prices Grow At Fastest Pace In 3 Years, As Meat Soars.
Want to save on your food bill? Switch to chicken.
Inflation slowed down in November, thanks primarily to plummeting gas prices, but the rapid rise in meat prices that has stalked consumers this year showed no signs of slowing.
Overall inflation fell to a 2-per-cent pace in November, Statistics Canada reports, below the 2.4-per-cent pace a month earlier and below the 2.2 per cent forecast by economists.
The gas price index fell 7.5 per cent in the space of a month. Prices for clothing and entertainment equipment also fell.
But food prices are up 3.1 per cent on the year, the fastest pace in three years, according to BMO economist Doug Porter.
