The (more expensive) staff of life

While inflation in the US has prompted talk of stagflation, the rise in the loonie — and fixed prices for staples such as milk through supply management — has kept Canadian CPI in check, so far. But this morning’s Star highlights one mainstay that’s getting more expensive:

The price of an industry standard 40-kilogram bag of flour is going up to around $44, roughly double what is was last summer.

Some of the bakers in the story say they’re absorbing the increase in costs, so far, cutting the margin they have to cover overhead costs in half. Needless to say, that’s unsustainable, so expect to be paying more for a loaf of bread (or flour for your breadmaker) soon.