Food Inflation In Canada: What You Need To Know

Table of Contents What Happened at the Parliamentary Committee? What Did Canada’s Grocery Executives Say about Food Inflation? Further Transparency Going Forward What is the Grocery Code of Conduct and How Will It Affect Canadians? Why Were the Leaders of Costco and Walmart Absent? Bottom line {{ tocState.toggleTocShowMore ? 'Show more' : 'Show less' }} The question on every Canadian’s mind lately: Why are grocery prices still so high?Granted, the price growth for food (purchased from stores) is finally starting to moderate, coming in at 1.5% year-over-year in May, compared to 1.4% in April, 1.9% in March, 2.4% in February and 3.4% in January, according to the most recent Consumer Price Index (CPI) report. The cost to eat at restaurants eased to 4.2% year-over-year in May, compared to a 5.1% increase in March.What’s more, May was the fourth month in a row since October 2021 where food inflation is lower than headline inflation, at 2.4% year-over-year and 2.9% year-over-year respectivel...