Cost of food in Canada increased 2.70 percent in June of 2020 over the same month in the previous year.
Food Inflation in Canada averaged 3.84 percent from 1951 until 2020, reaching an all time high of 20.18 percent in July of 1978 and a record low of -7.14 percent in December of 1952. This page provides the latest reported value for - Canada Food Inflation - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Canada Food Inflation - values, historical data and charts - was last updated on August of 2020. source: Statistics Canada
Food Inflation in Canada is expected to be 2.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Food Inflation in Canada to stand at 2.60 in 12 months time. In the long-term, the Canada Food Inflation is projected to trend around 2.80 percent in 2021 and 2.40 percent in 2022, according to our econometric models.