A woman shops for produce in Vancouver, on Wednesday, July 20, 2022. Food inflation appears to be easing in Canada but experts say consumers shouldn't expect lower prices at the grocery store. THE CANADIAN PRESS/Darryl Dyck
Food inflation appears to be easing in Canada, but experts say shoppers shouldn’t expect lower prices at the grocery store.
Statistics Canada says the cost of groceries in February rose 10.6 per cent compared with a year before, down from an 11.4 per cent year-over-year increase in January.
Yet a falling food inflation rate doesn’t mean the price of food is coming down.
Instead, it means prices are rising less quickly, signalling the worst of the era of grocery price hikes could be behind us.
Sylvain Charlebois, director of the Agri-Food Analytics Lab at Dalhousie University, says the food inflation rate is expected to continue to cool throughout the spring and into summer.
But he says Canadians may still experience sticker shock at the grocery store as some food prices are still significantly higher than a year ago.
This report by The Canadian Press was first published March 21, 2023.
