Livestock analyst Scott Shelley had no trouble expressing himself sartorially or on the price of meat today. Pressure on livestock costs is affecting the price of food generally. Statistics Canada reports that last month food increased 4.8 percent from June of 2010. The overall annual inflation rate was 3.1 per cent in June, down from 3.7 per cent in May. And while food prices rose 4.8 percent, energy prices were 15.7 per cent higher than a year earlier. The price of gasoline was 28.5-per-cent higher on a year-over-year basis, although it actually dropped slightly compared with May.
