It's important to recognize that Canadians are actually going through a unique phenomenon right now when it comes to inflation. A lot of people are comparing it to 1981. In 1981, the food inflation rate was actually over 10% for just a few months. Food inflation right now is lingering. It's been 13 months now that it has exceeded the general inflation rate, and it's not over. It will continue into the new year, unfortunately. So obviously, it's of great concern for many Canadians right now.
On September 28th, 2022. See this statement in context.