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Inflation & Prices

Food Inflation on Path to Slowing, Says Bank of Canada’s Macklem

Bloomberg business news
Global Food Prices Fall for a Sixth-Straight Month

Food price inflation is set to slow, helped in part by “reasonably good harvests” in Canada and several other countries, Bank of Canada Governor Tiff Macklem said.

“I am actually hopeful that at least food inflation, which is not quite the same thing as food prices, is going to come down because in Canada in a number of other countries there have been reasonably good harvests,” Macklem said in an interview with federal government-owned CBC Radio broadcast Sunday.