Grocery Prices Still Higher as Inflation Rate Moderates in July

Aug 17, 2022

The price of groceries continued to climb in July, even as the broader Canadian inflation rate moderated.

A Statistics Canada’s consumer price index on Tuesday pegged the July inflation rate at 7.6%, down from the near four-decade high of 8.1% notched in June. It was the first month-over-month decline in the inflation rate in a year. However, prices for food purchased from stores were up 9.9% in July, compared to the 9.4% advanced posted in June.

Prices for bakery products (+13.6%) continued to rise at a faster pace as wheat prices remained elevated, StatsCan said. Higher input costs and global supply uncertainty related to the Russian invasion of Ukraine continued to put upward pressure on global wheat prices amid an already constrained supply.

Other food items also exhibited faster price growth, including non-alcoholic beverages (+9.5%), sugar and confectionery (+9.7%), preserved fruit and fruit preparations (+10.4%), eggs (+15.8%), fresh fruit (+11.7%), and coffee and tea (+13.8%).

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Video: Brand New Fendt Vario & Momentum 31... German Engineering Is Here!!

Planting Season Wrap-Up with a Fendt Demo!

we kick things off with a brand-new Fendt tractor and planter sitting in our shop! While we’ve had some experience running a Fendt tractor a few years ago, this is our first time ever running a Fendt planter. We were given the opportunity to demo both the tractor and planter, and we put them to work during the final stretch of our 2026 soybean planting season.

To see how the Fendt setup compares, we also ran it side-by-side with our own planting rig: a Case IH 470 Quadtrac pulling our Case IH 1240 planter. It’s a great chance to compare two different planting setups and see how they perform in the field.

By the end of the video, we officially finish soybean planting for 2026! While planting season may be wrapped up, there’s still plenty of farming content coming your way, so stay tuned for future videos.

My name is Michael Wendling, and I am proud to be a 6th-generation farmer carrying forward a family legacy that began in 1879 here in East Central Illinois.

Today, our operation focuses on raising food-grade corn for Frito-Lay and also soybeans. While the tools and technology have evolved, our core values remain the same: hard work, integrity, and a deep respect for the land we steward. Thank you for following along and supporting the journey.