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Story summary
- Economists report Canada’s grocery prices have risen faster than inflation for over a year.
- Ground-beef prices in January rose more than ten times the rate of inflation.
- Record-low cattle herds and higher feed, fuel and labour costs drove beef price spikes.
- Canada Beef says strong consumer demand kept beef purchases high despite price shocks.
- Shrinking chicken supply from avian influenza and limited chicks pushed chicken prices upward.