(Jeremie Richard/AFP/Getty Images) In brief Onlookers and tourists watch as lava flows from the volcano in Fagradalsfjall, Iceland, around 40 kilometres from the capital, Reykjavik, on Wednesday, following an eruption that has been ongoing since Aug. ![]() Almost across the board we've now seen a pretty substantial pullback ," said Jonathon Driedger, a Manitoba-based analyst with LeftField Commodity Research. Those changes in prices may take a few months before they can be seen at the grocery store, although food prices are already falling around the world, according to the United Nations. "Two or three months ago, we had crop prices either at all-time highs or very close to all-time highs, depending on the crop. "I think it's peaked," said Mace Mortimer, co-owner of Alloy Homes, a Calgary custom homebuilder. "And I think it should hold." A barrel of crude is down about 20 per cent since June, and copper has fallen about 25 per cent since March. Canola and corn have both lost 25 per cent of their value since May, while wheat has tumbled 40 per cent. Lumber, oil, copper and crops are among the items where inflation has eased. Inflation has been out of control, but there are signs that prices are holding steady and in some cases falling. Sign up here to get this delivered to your inbox every morning. Good morning! This is our daily news roundup with everything you need to know in one concise read.
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