Grocery price inflation in Canada remained above the overall inflation rate for the 17th consecutive month in June, according to Statistics Canada. Food purchased from stores increased by 3.9 per cent year on year, down from 4.3 per cent in May, while headline inflation eased to 2.8 per cent from 3.2 per cent.
The lower overall inflation rate was driven by a decline in gasoline prices. Statistics Canada said: “While gasoline prices remained elevated due to the conflict in the Middle East, diplomatic talks and an interim ceasefire arrangement contributed to an easing of global oil prices in June, leading to a 10.2 per cent month-over-month decline.”
In grocery stores, slower price growth for fresh fruit contributed to the moderation in food inflation. Fresh fruit prices increased by 1.7 per cent year on year, while grape prices declined by 0.6 per cent.
According to the Consumer Price Index, five of the eight major components slowed in June, including transportation, which eased to 6.7 per cent from 9.0 per cent in May. Travel-related services increased 10.1 per cent year on year, with higher prices for flights, accommodation, tours and car rentals linked to increased demand during the FIFA World Cup, which began on June 11.
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Source: nationalpost.com
Publication date:
Tue 21 Jul 2026
