The price of food may rise 8% the next few months
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Kasper [2011-05-20]
According to the Canadian Broadcasting Corporation on March 18, the economist in Toronto Dominion Bank said that the price of food will rise suddenly the next few months. The Canadians should make the preparation.
On March 18, The Canadian Statistics Bureau announced the newest domestic inflation data. The overall price of Canadian food rose 2.1% in February.
Dominion Bank predicted that this news about moderate inflation would disappear very quickly. The economists in this profession also forecasted that in the next 9 to 12 months the price of food would rise 7%~8% compared to the same time last year.