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In the news today: Is food inflation easing? Q2 results for Canadian banks due – Collingwood Today

Here is a roundup of stories from The Canadian Press designed to bring you up to speed on what you need to know today…

Canadians feel grocery inflation worsening: poll

Almost two-thirds of Canadians feel that inflation at the grocery store is getting worse, a new poll suggests, even as food inflation has been steadily cooling.

A new Leger survey found that almost 30 per cent of Canadians believe food inflation has been primarily caused by grocery stores trying to increase profit margins. Another 26 per cent think it’s mostly due to global economic factors, while one in five blame the federal government

Statistics Canada said that grocery inflation was 1.4 percent in April, helping drive overall inflation lower to 2.7 percent.

However, even low inflation still means prices are going up. And over the past three years, grocery prices have risen 21.4 per cent, according to the agency.

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