Canada's headline inflation keeps going up, but Statistics Canada says grocery prices have flatlined.
In the latest Consumer Price Index (CPI) report, StatCan says the year-over-year grocery prices "slowed" in August but remain "elevated."
Headline inflation rose to 4 per cent year-over-year in August, following an increase to 3.3 per cent in July, which StatCan says is largely due to high gas prices.
"We couldn't call it especially surprising, as anyone who puts gas in their car weekly might've guessed," Pierre-Benoît Gauthier, Assistant Vice President of Investment Strategy at IG Wealth Management, told CTVNews.ca in an email. "This uptick is mainly due to soaring energy prices."
With the increase in gas prices, Canadians might welcome a break from soaring food costs that have been pinching their pockets for years.
In August, the prices for fresh fruit, cereal products and fresh and frozen chicken slowed compared to July.
A number of other products also saw a drop in prices, while some increased minimally.
Fresh and frozen pork saw a significant drop in August, falling six per cent from July. The item has decreased 0.9 per cent year-over-year.
The pork inflation rate is about the same as bananas year-over-year, which is 0.9 per cent. From July to August, bananas dropped 1.5 per cent in price.
Egg prices did come down about 0.5 per cent in August, but remain at a cost inflated about 3.6 per cent year-over-year.
Processed meat also saw a slight decrease in price between July and August, with a rate of 0.2 per cent. Year-over-year the commodity is still high at four per cent.
Orange prices decreased by 3.9 per cent in August, landing at a still-high 6.8 per cent year-over-year rate.
Read more on BNNBloomberg.ca:
As summer comes to a close, those seeking out ice-cream-related products will see a 2.5 per cent decrease in price. Year-over-year the items have a rate of 7.2 per cent.
Other products have dropped in price between July and August but remain elevated year-over-year, the CPI report shows.
Items like lettuce, tomatoes and fruit juice had small decreases in price from July but have inflation rates above 12 per cent year-over-year.
Pasta products, which topped as the highest item increase in July, saw a decrease of three per cent in August. Year-over-year pasta remains pricey with a 12.8 per cent rate.
Fresh vegetables including onions, carrots, peppers and cucumbers did see a small price decrease in August of 1.8 per cent, but remain one of the items with the highest inflation rate year-over-year at 14.8 per cent.
Although there was minimal change in prices from July to August, as noted by StatCan, some items did cost Canadians more.
Frozen and dried vegetables and edible oils and fats both increased by 0.7 per cent in price month-to-month.
Both remained with a year-over-year inflation rate above 13 per cent.
Fresh and frozen beef had one of the highest month-to-month increases rising 2.4 per cent. From August 2022 to August 2023 the product's inflation rate is 11.9 per cent.
Coffee and tea also increased in price by 2.4 per cent from July, landing at a yearly inflation rate of nine per cent.
Sugar and confectionary products climbed 2.2 per cent in August with a year-over-year inflation rate of 10.9 per cent.
Fruit prices including grapes and berries did rise in price by 1.2 per cent in August. Year-over-year the price hovers around nine per cent higher.
Other items that increased in price from July include butter, potatoes and apples.
Lynx Air announced Thursday that it has filed for creditor protection from the Court of King’s Bench of Alberta. The airline said in a release that it will cease operations at midnight, Monday, Feb. 26, with flights continuing until then.
A spacecraft built and flown by Texas-based company Intuitive Machines landed near the moon's south pole on Thursday, the first U.S. touchdown on the lunar surface in more than half a century and the first ever achieved by the private sector.
A Waterloo couple is grateful to be back home after they say they were detained for several hours at a Punta Cana airport, accused of carrying drugs.
A photo of federal Agriculture Minister Lawrence MacAulay eating lobster in Malaysia during an official trip has some people seeing red.
Ten delays, one cancellation, and about 27 hours later, Air Canada travellers trying to jet out of Fort Lauderdale finally made what one of them is calling a 'hellish journey' back to Toronto.
A set of smart vending machines at the University of Waterloo is expected to be removed from campus after students raised privacy concerns about their software.
The judge overseeing the US$355 million civil fraud case has denied Donald Trump’s request to delay the judgment for a month.
Premier David Eby has been clear that speculators are in his crosshairs, and with the 2024 budget his government has announced details of a new 'BC Home Flipping Tax.'
Research has shown that sex trafficking is rampant. For Canadians reading this story this means that within one kilometre from where you’re presently located, a young person is being lured into sex trafficking.
A Waterloo couple is grateful to be back home after they say they were detained for several hours at a Punta Cana airport, accused of carrying drugs.
Premier David Eby has been clear that speculators are in his crosshairs, and with the 2024 budget his government has announced details of a new 'BC Home Flipping Tax.'
The worker killed when a crane's load came crashing down at the massive Oakridge Park development project in South Vancouver this week was a mother of two, sources tell CTV News.
Ten delays, one cancellation, and about 27 hours later, Air Canada travellers trying to jet out of Fort Lauderdale finally made what one of them is calling a 'hellish journey' back to Toronto.
Westlock residents are voting Thursday on a bylaw that would prohibit rainbow crosswalks, a common symbol of support for the LGBTQ2S+ community, and restrict the town to flying only government flags.
There were haunting scenes in Port Coquitlam Wednesday evening, as family and friends of women victimized by serial killer Robert Pickton held a vigil in their memory, at the site of the former pig farm.
The judge overseeing the US$355 million civil fraud case has denied Donald Trump’s request to delay the judgment for a month.
A fire engulfed two residential buildings in the eastern Spanish city of Valencia on Thursday, killing four people and leaving 19 others missing hours after the blaze started, authorities said.
Israeli strikes have killed at least 71 people in southern and central Gaza during roughly the past 24 hours, the territory's health officials said Thursday.
A Black high school student’s monthslong punishment by his Texas school district for refusing to change his hairstyle does not violate a new state law that prohibits race-based hair discrimination, a judge ruled on Thursday.
U.S. authorities have accused another sanitation company of illegally hiring at least two dozen children to clean dangerous meat processing facilities, the latest example of illegal child labour that officials say is increasingly common.
A fire that killed five members of a Missouri family was intentionally set by the mother, police said.
A photo of federal Agriculture Minister Lawrence MacAulay eating lobster in Malaysia during an official trip has some people seeing red.
Justin Trudeau took an unprompted jab at Pierre Poilievre over a Senate porn bill that the prime minister says could usher in a digital ID for adults who want to browse certain websites.
Canada is the only NATO member without a plan or a timeline to reach the alliance's target of spending two per cent of GDP on defence, according to the U.S. ambassador to NATO.
More people are injured by treadmills than any other piece of exercise equipment, according to the U.S. Consumer Product Safety Commission. More than 22,000 treadmill injuries resulted in hospital emergency room visits in 2019.
Amid a growing number of measles outbreaks in the United States and Europe, health officials are warning the public about the possibilities of outbreaks in Canada, with one infectious disease specialist saying even a few measles cases can spark an outbreak.
Alabama's largest hospital paused in vitro fertilization treatments Wednesday as providers and patients across the state scrambled to assess the impact of a court ruling that said frozen embryos are the legal equivalent of children.
A spacecraft built and flown by Texas-based company Intuitive Machines landed near the moon's south pole on Thursday, the first U.S. touchdown on the lunar surface in more than half a century and the first ever achieved by the private sector.
A set of smart vending machines at the University of Waterloo is expected to be removed from campus after students raised privacy concerns about their software.
Putting a wet iPhone in uncooked rice has for years been a popular method to dry it out, but the company now says that's not what users should do.
Sylvester Stallone revealed that he had seven major surgeries after suffering a neck fracture shooting a fight scene with Stone Cold Steve Austin on the set of “The Expendables” in 2010.
Former talk show host Wendy Williams has been diagnosed with progressive aphasia and frontotemporal dementia, according to representatives for Williams.
Toronto native Mae Martin will host the 2024 Canadian Screen Awards.
Lynx Air announced Thursday that it has filed for creditor protection from the Court of King’s Bench of Alberta. The airline said in a release that it will cease operations at midnight, Monday, Feb. 26, with flights continuing until then.
The high cost of groceries isn't just taking a bite out of Canadians' bank accounts, it's also devouring any hope that prices may decrease.
Canada's largest grocer expects this year to be much like the last: customers continuing to seek discounts and deals, leading to more growth at the company’s discount brands and banners, and higher profits.
Bobi the dog, who died last year reportedly at the age of 31, has been stripped of the world’s oldest ever dog title following a review by Guinness World Records (GWR), the organization announced Thursday.
The newest multi-millionaire is advised to sign the back of their winning ticket immediately and head to a retailer to have it validated, so the OLG is notified.
More people are injured by treadmills than any other piece of exercise equipment, according to the U.S. Consumer Product Safety Commission. More than 22,000 treadmill injuries resulted in hospital emergency room visits in 2019.
Mississippi's Republican attorney general sued the Republican state auditor Thursday, saying the auditor is trying to usurp her authority over recovering interest on misspent welfare money from retired NFL quarterback Brett Favre, money that was supposed to help some of the poorest people in the U.S.
He's a runner, a juggler and now Jean-Marc Doiron finds himself joggling, and chasing a world record.
Auston Matthews scored his 50th and 51st goals of the season in his hometown to break a tie as the fastest U.S.-born player to reach 50 and help the Toronto Maple Leafs beat the crumbling Arizona Coyotes 6-3 on Wednesday night.
Toyota is conducting a safety recall to approximately 28,061 SUVs and pickup trucks in Canada involving transmission issues, the company said in a press release on Thursday.
There are additional aspects about buying an EV that you'll need to consider in order to get the best value. The car experts at Edmunds have put together five tips on what you need to know.
Even though authorities are trying to crack down on car thefts in Montreal, three men accused of operating a luxury car theft ring in the city walked free last month because it took too long for their case to go to trial.
The Shopping Trends team is independent of the journalists at CTV News. We may earn a commission when you use our links to shop. Read about us.
