![]() ![]() Vegetable oil - a blanket term for oil derived from ingredients including palm, sunflowers, soybeans and canola - has been particularly hard hit, said Somogyi. "We've seen as a result of droughts around the world, but also the Ukrainian-Russian conflict, massive increase in the global price of grains," said Simon Somogyi, a food professor at the University of Guelph. Statistics Canada attributed the rapid increase in grocery prices to weather conditions, higher prices for fertilizer and natural gas and Russia's invasion of Ukraine. A fixture, and a key ingredientĪ multitude of factors has pushed up food prices. The announcement was panned by critics as a public relations move amid soaring inflation. ![]() ![]() the country's largest grocery chain - came under fire earlier this week for its pledge to freeze the prices on its house brand, which includes more than 1,500 grocery items (including vegetable oil), until the end of January 2023. ![]()
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