Sylvain Charlebois: With Lower Commodity Prices, Why Aren’t Food Prices Dropping?

One culprit rarely mentioned, especially by governments, is the high rate of public spending

People shop for produce and seafood at a store in Vancouver on July 20, 2022. The Canadian Press/Darryl Dyck

Commentary

Many Canadians are wondering why food prices are not dropping at the same rate as agricultural commodity prices. Last year, Russia’s invasion of Ukraine pushed prices to astronomical levels. One year later, the agricultural commodity landscape looks incredibly different.