Business

Canada’s annual inflation rate was unchanged at 2.2 per cent in November, Statistics Canada said on Monday.

Prices for services grew at slower rate last month, Statistics Canada saysJenna Benchetrit · CBC News · Posted: Dec 15, 2025 8:35 AM EST | Last Updated: 18 minutes agoText to Speech Icon

Listen to this article

Estimated 1 minute

The audio version of this article is generated by AI-based technology. Mispronunciations can occur. We are working with our partners to continually review and improve the results.

White text that reads 'Breaking News' on a red background. (CBC)

Canada’s annual inflation rate was unchanged at 2.2 per cent in November, Statistics Canada said on Monday but grocery inflation reached its highest rate in nearly two years.

Food inflation rose 4.7 per cent on a yearly basis last month compared to 3.4 per cent in October, marking the largest increase since December 2023.

Fresh fruit — especially pricier berries — drove the increase, as did “other food preparations” (a category that mostly includes processed foods). Coffee increased 27.8 per cent.

Increasingly expensive fresh and frozen beef (up 17.7 per cent last month) continued to weigh on inflation as cattle inventories shrink.

More to come

ABOUT THE AUTHOR

Jenna Benchetrit is the senior business writer for CBC News. She writes stories about Canadian economic and consumer issues, and has also recently covered U.S. politics. She was part of the team that won a silver Digital Publishing Award in best news coverage for covering the 2024 U.S. election. A Montrealer based in Toronto, Jenna holds a master’s degree in journalism from Toronto Metropolitan University. You can reach her at jenna.benchetrit@cbc.ca.

Corrections and clarifications·Submit a news tip·Report error