Bank of Canada governor Tiff Macklem says he expects food inflation to ease in the coming months after Statistics Canada reported grocery prices jumped higher in November.<\/p>\n
The agency said Monday that the annual rise in the cost of food bought from grocery stores hit a nearly two-year high of 4.7 per cent last month thanks largely to rising prices for berries, beef and coffee.<\/p>\n
Speaking to media after giving a speech in Montreal today, Macklem said U.S. tariffs on coffee-producing countries have affected Canada because those beans are often imported into the United States and refined before being sent to grocers and caf\u00e9s north of the border.<\/p>\n
He said he expects those pressures to unwind over the coming months but he also warns that high beef prices tied to farmers keeping smaller herds will take longer to settle.<\/p>\n
StatCan said the overall inflation rate held steady in November at 2.2 per cent as rising grocery and gas prices were offset by cheaper travel costs.<\/p>\n
Macklem acknowledged that cooling food inflation in the new year would be \u201ccold comfort\u201d for Canadians struggling to afford groceries because not every aisle will see relief and prices themselves likely won\u2019t decline.<\/p>\n
\u201cIf you\u2019re a family that\u2019s already having difficulty putting food on the table, the fact that food price inflation might come down, that\u2019s not the same thing as food prices coming down,\u201d he said.<\/p>\n
This report by The Canadian Press was first published Dec. 16, 2025.<\/p>\n
Craig Lord, The Canadian Press<\/p>\n","protected":false},"excerpt":{"rendered":"Bank of Canada governor Tiff Macklem says he expects food inflation to ease in the coming months after…\n","protected":false},"author":2,"featured_media":350286,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[60322,45,49,48,46,82],"class_list":["post-350285","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-beverage","tag-business","tag-ca","tag-canada","tag-economy","tag-sports"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/350285","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=350285"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/350285\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/350286"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=350285"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=350285"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=350285"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}