Inflation steady at 2.2% in November despite grocery price hike

By Canadian Press on December 15, 2025.

OTTAWA — Statistics Canada says rising grocery prices were causing fresh pain for consumers in November even as the overall inflation rate held steady.

The agency says the annual pace of inflation was unchanged at 2.2 per cent last month.

Grocery prices rose 4.7 per cent annually in November, up from 3.4 per cent in October, marking the highest level in nearly two years.

Statistics Canada says lower cattle inventories in North America are driving beef prices higher while U.S. tariffs and bad weather are making coffee more expensive.

Gas prices also rose on a monthly basis in November, but cheaper prices for travel tours and accommodation helped keep a lid on inflation last month.

The November inflation figures come after the Bank of Canada held its benchmark interest rate steady at 2.25 per cent last week.

This report by The Canadian Press was first published Dec. 15, 2025.

Craig Lord, The Canadian Press