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Bank of Canada’s Macklem says he expects food inflation to ease in 2026
Food inflation rose 4.7% in November due to berries, beef, and coffee prices; Bank of Canada expects easing but high beef costs may persist due to smaller herds.
- Bank of Canada Governor Tiff Macklem expects food inflation to ease in 2026 after a report showed grocery prices rose 4.7% in November, reaching a two-year high.
- Macklem noted that U.S. tariffs on coffee-producing countries affect Canada due to imported coffee beans being refined in the U.S.
- Macklem stated that while food inflation may cool, high beef prices linked to smaller herds will take longer to settle.
- Macklem cautioned that easing food inflation does not mean food prices will decrease, providing only 'cold comfort' to struggling families.
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Canadians paying more for food after grocery inflation rose 4.7%
Statistics Canada is reporting that grocery inflation in November reached the highest rate in nearly two years after it rose 4.7 per cent compared to this time last year, and economists say they don’t expect food prices to come down anytime soon.
·Canada
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The Record+2 Reposted by 2 other sources
Bank of Canada’s Macklem says he expects food inflation to ease in 2026
Bank of Canada governor Tiff Macklem says he expects food inflation to ease in the coming months after Statistics Canada reported grocery prices jumped higher in November.
·Waterloo, Canada
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Winnipeg Free Press+4 Reposted by 4 other sources
Bank of Canada's Macklem says he expects food inflation to ease in 2026
Breaking News, Sports, Manitoba, Canada
·Winnipeg, Canada
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Total News Sources9
Leaning Left3Leaning Right1Center3Last UpdatedBias Distribution43% Left, 43% Center
Bias Distribution
- 43% of the sources lean Left, 43% of the sources are Center
43% Center
L 43%
C 43%
14%
Factuality
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