Inflation steady at 2.2% in November despite grocery price hike
OTTAWA — Rising costs at the grocery store were causing fresh pain for consumers in November even as Statistics Canada reports the overall inflation rate held steady in the month.
The agency said Monday that annual inflation rose 2.2 per cent in November, unchanged from the previous month and a tick below economists’ expectations.
Grocery prices were up 4.7 per cent year-over-year in November — a jump from 3.4 per cent in October and the highest level recorded since December 2023.
Rising prices for fresh berries were driving the acceleration in November, StatCan said, though costs were also rising in a broad category that includes prepared foods like soup and potato chips.