After reaching a high of 8.1 per cent in June of 2022, inflation is now down to four per cent. But that's still double Canada's inflation target of two per cent, and food inflation remains high with experts saying could still be a while before we see any relief on our grocery bills.
CTVNews.ca is tracking monthly changes in grocery prices, using inflation data, to help consumers monitor the impact on their food bills.
Use the interactive below to track prices of popular grocery store items such as milk, eggs, cheese, fruits and vegetables and more, to see how their prices have changed month by month, as well as how they've changed year over year.
- These are the foods costing you more, or less, according Canada's latest inflation update
- Grocery prices unlikely to fall anytime soon, experts say
Food inflation tracker
Note: data for some specific grocery items are available only nationally, and are not available by province. Can't see the interactive above? Click here.
Meanwhile, despite the cost of food staying at uncomfortably high levels for many Canadians, inflation overall is falling.
Inflation first began rising in early 2021 before it shot up dramatically in 2022, peaking at a whopping 8.1 per cent (keep in mind the two per cent inflation target the is supposed to maintain.)
The last year has shown a downward trend in the inflation rate, with the latest headline inflation rate down to 2.8 per cent in June.
But what about interest rates? As our chart below shows, since March 2022, the Bank of Canada's policy interest rate has kept rising, even though inflation has trended downward since last summer.
