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Whole Foods had carved out a market for organic produce but now mainstream grocers are starting to dominate that segment.
Whole Foods had carved out a market for organic produce but now mainstream grocers are starting to dominate that segment.
(Mike Blake/REUTERS)

Inflation is back, but not as we know it, Jim

Food and energy costs for domestic consumers are rising, so it’s obvious there’s an inflation problem, right? Well, no, not if the prices of everything beyond the gas station and grocery store are headed lower.

As you can see from the chart below, the paths of Canadian food costs and overall domestic retail sales are significantly divergent.