Food costs continue to rise faster than the headline inflation rate, Statistics Canada figures showed yesterday. Prices of the most basic family staples were running at 10 to 18 percent more year over year ahead of today’s Bank of Canada interest rate announcement.

“The data source is scanner data obtained directly from Canadian retailers,” StatsCan wrote in a note to its Monthly Average Retail Prices For Selected Products report. “Data provide a comprehensive electronic record of the transactions.”

Average checkout prices nationwide showed Canadians were paying five percent more for hamburger in July, from $10.64 to $11.19 per kilogram. The headline Consumer Price Index is 3.3 percent.

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