Inflation steady at 2.2% in November despite grocery price hikeWhile some prices have fallen, rising grocery prices continue to pinch Canadian’s wallets. Inflation cools to 2.2% in October as gas, grocery prices fallKeeping the overall inflation rate sticky in October was a rare increase in cellular service costs. Inflation jumps to 2.4% in September thanks to gas, grocery costs StatCan noted that annual price hikes at the grocery store have largely trended higher since a recent low in April 2024. Inflation ticks higher to 1.9% in August, short of economists’ expectations Rising rents and mortgage interest costs remain the biggest factors pushing the annual inflation rate higher. Inflation rate cools to 1.7% in July thanks to lower gas prices: StatCan Beyond the gas pumps, there are signs of prices accelerating at the grocery store and in housing. 1.4M consumers missed a credit payment in second quarter: Equifax report High unemployment, economic uncertainty and trade disruption making it harder to some to keep up payments. Statistics Canada reports household debt-to-income ratio ticked higher in Q1 Canadians take on more debt as worries grow over the economy. Inflation slows sharply to 1.7% in April as consumer carbon price ends Canadians were primarily finding relief at the gas pumps in April. Inflation cooled to 2.3% in March as gas prices fell, StatCan says Inflation drop comes amidst growing tariff tensions. Economists expect annual inflation rate to come in at 2.6% for March Tariffs are only expected to show up modestly for March as Canada has not gone ahead with the bulk of its threatened retaliatory tariffs. 1 2 3 4 5 Next Last
