Food prices in Canada rose by 10.1 percent from a year earlier in October of 2022, easing from the 41-year high of 10.3 percent in the previous month and marking the first period of slower food inflation since October 2021. While remaining high, price growth eased for meat (5.5 percent vs 7.6 percent in September), fresh fruit (8.9 percent vs 12.7 percent), coffee and tea (13.1 percent vs 16.4 percent), and fresh vegetables (11 percent vs 11.8 percent). On the other hand, inflation picked up for dairy products (10.6 percent vs 9.7 percent), mainly due to approved producer price increases from their governing boards. source: Statistics Canada

Food Inflation in Canada averaged 3.86 percent from 1951 until 2022, 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 November of 2022.

Food Inflation in Canada is expected to be 8.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Canada Food Inflation is projected to trend around 2.00 percent in 2023, according to our econometric models.

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Canada Food Inflation

Related Last Previous Unit Reference
Inflation Rate 6.90 6.90 percent Oct 2022
Inflation Rate MoM 0.70 0.10 percent Oct 2022
Consumer Price Index CPI 153.80 152.70 points Oct 2022
Core Consumer Prices 149.70 149.10 points Oct 2022
Core Inflation Rate 5.80 6.00 percent Oct 2022
GDP Deflator 130.30 126.00 points Jun 2022
Producer Prices 129.50 126.50 points Oct 2022
Producer Prices Change 10.10 9.10 percent Oct 2022
Export Prices 149.10 150.50 points Sep 2022
Import Prices 147.70 144.00 points Sep 2022
Food Inflation 10.10 10.30 percent Oct 2022
Wholesale Prices 145.60 143.80 points Oct 2022
CPI Transportation 170.10 166.50 points Oct 2022
CPI Housing Utilities 166.20 164.90 points Oct 2022