Inflation steady at 2.2% in November despite grocery price hike

Описание: 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.

Prices for fresh or frozen beef were up 17.7 per cent in November amid lower cattle inventories across North America, the agency said. United States tariffs, combined with tough weather conditions, are putting strain on coffee-producing regions, driving the cost of refined coffee up 27.8 per cent annually.

Subscribe to CTV News to watch more videos:    / ctvnews  

Connect with CTV News:
For live updates and latest headlines visit: http://www.ctvnews.ca/
For breaking news, fast, download the CTV News App: https://www.ctvnews.ca/app
Must-watch stories and full programs at http://www.ctvnews.ca/video

CTV News on TikTok: https://www.tiktok.com/discover/CTV-News
CTV News on X (formerly Twitter):   / ctvnews  
CTV News on Reddit:   / ctvnews  
CTV News on LinkedIn:   / ctv-news  

---
CTV News is Canada's most-watched news organization both locally and nationally, and has a network of national, international, and local news operations.

#ctvnews #ctvnationalnews #canadiannews