Canadian Food Inflation Eased to 1.7% in September, Loblaw Report Says
Loblaw reports Canadian food inflation slowed to 1.7% year over year in September from 2.8% in August, while headline CPI rose to 3.1% on gasoline.
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what happened
Loblaw has published its latest food inflation report, released a week after Statistics Canada put out September consumer price data.
According to the press release distributed via GlobeNewswire, headline inflation climbed to 3.1% year over year in September, mainly because of higher gasoline prices. Food inflation, however, slowed to 1.7% from 2.8% in August. Loblaw notes that food prices remain well above their level of five years ago.
The report also flags new pressures across the supply chain, including rising freight costs, commodity volatility and new tariffs. Loblaw says it has pushed back on hundreds of millions of dollars in proposed supplier cost increases so far this year.
why it matters
Slower food inflation matters for the path of Canada's CPI and for expectations around the Bank of Canada, since food is a large part of the index. At the same time, higher supplier costs and tariffs could feed back into shelf prices and keep inflation elevated in coming months. For the Canadian dollar this is one factor among several, as headline CPI is still driven largely by energy.
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sources
- Loblaw October Food Inflation Report — globenewswire.com, 26 October 2026 at 18:32 UTC
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