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Food getting costlier in every aisle of the supermarket

From Global News

The tumbling Canadian dollar has helped fan fresh food prices considerably higher over the past year, the country’s largest supermarket operator says, resulting in a spike in what we’re paying for fruits, vegetables and meat.

But now the price-stoking effects wrought by a lower loonie are entering the last sections of the grocery store to resist the pull: the centre aisles, where everything from cookies, to canned goods to pre-made taco kits are beginning to rise in cost.

“We were expecting to see this,” Galen Weston Jr., president at Loblaw, said on a conference call Wednesday.

Products coming from big food processing firms south of the border are moving higher in price, Weston said, “as a result of the depreciation in the Canadian dollar.” Quite simply, Loblaw needs to pay more nowadays for the same amount of food, and in turn is flowing the higher costs onto shoppers.

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