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CHARLEBOIS: Food inflation cools, but Canada’s grocery pain is far from over

Food inflation may be cooling statistically, but consumers do not shop statistically. They remember the price of coffee, chicken, bread and vegetables, not the national average.

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For the first time in months, Canadians received a small piece of encouraging news at the grocery store. Food inflation eased in April to 3.5%, down from 4.0% the previous month. Grocery prices specifically, food purchased from stores, rose 3.8% year-over-year, still significantly above Canada’s general inflation rate. More importantly, food inflation has now outpaced overall inflation every single month since March 2025. So while the pace of increase may be slowing, food affordability remains one of the country’s biggest economic frustrations, and consumers know it.

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