{"id":17532,"date":"2025-02-18T14:00:28","date_gmt":"2025-02-18T14:00:28","guid":{"rendered":"https:\/\/torontotribune.ca\/index.php\/2025\/02\/18\/food-prices-in-canada-down-first-time-in-8-years-statcan-national\/"},"modified":"2025-02-18T14:00:28","modified_gmt":"2025-02-18T14:00:28","slug":"food-prices-in-canada-down-first-time-in-8-years-statcan-national","status":"publish","type":"post","link":"https:\/\/torontotribune.ca\/index.php\/2025\/02\/18\/food-prices-in-canada-down-first-time-in-8-years-statcan-national\/","title":{"rendered":"Food prices in Canada down first time in 8 years: StatCan &#8211; National"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div data-article-socialshare=\"true\">\n<div id=\"article-fontSizer\" class=\"c-fontSizer\">\n<p>\n\t\t<button class=\"c-fontSizer__button c-fontSizer__button--decrease c-button c-button--details c-button--mini\" data-trackable=\"true\" data-trackaction=\"Font Sizer Decrease Font\" data-tooltip-title=\"Decrease text size\"><br \/>\n\t\t\t<span class=\"sr-only\">Descrease article font size<\/span><br \/>\n\t\t\t\t<svg class=\"c-icon  c-fontSizer__icon\" focusable=\"false\">\n\t\t<use xlink:href=\"https:\/\/globalnews.ca\/wp-content\/themes\/shaw-globalnews\/assets\/dist\/icons\/out\/symbol\/svg\/sprite.symbol.svg?v=cv3j60zbx#font-decrease\"\/>\n\t<\/svg><br \/>\n\t\t\t<\/button>\n\t<\/p>\n<p>\n\t\t<button class=\"c-fontSizer__button c-fontSizer__button--increase c-button c-button--details c-button--mini\" data-trackable=\"true\" data-trackaction=\"Font Sizer Increase Font\" data-tooltip-title=\"Increase text size\"><br \/>\n\t\t\t<span class=\"sr-only\">Increase article font size<\/span><br \/>\n\t\t\t\t<svg class=\"c-icon  c-fontSizer__icon\" focusable=\"false\">\n\t\t<use xlink:href=\"https:\/\/globalnews.ca\/wp-content\/themes\/shaw-globalnews\/assets\/dist\/icons\/out\/symbol\/svg\/sprite.symbol.svg?v=cv3j60zbx#font-increase\"\/>\n\t<\/svg><br \/>\n\t\t\t<\/button>\n\t<\/p>\n<\/div>\n<\/div>\n<div id=\"\">\n<p>Food prices in Canada declined for the first time since May 2017, although overall inflation in January rose slightly compared to December, Statistics Canada said.<\/p>\n<p><\/p>\n<p>Consumer prices in Canada rose slightly in January, defying analyst expectations.<\/p>\n<p>Statistics Canada said Tuesday that the annual pace of <a href=\"https:\/\/globalnews.ca\/tag\/inflation\">inflation<\/a> rose to 1.9 per cent last month, down one-tenth of a percentage point from December. However, inflation remained below the Bank of Canada\u2019s target of two per cent.<\/p>\n<p>Royal Bank of Canada economists Nathan Janzen and Claire Fan had said Friday the GST\/HST holiday, which lasted from December 9 to February 15, could affect the inflation readings for January.<\/p>\n<div class=\"c-inlineSignup\" data-newsletter-inline=\"\">\n<div class=\"c-inlineSignup__image\">\n\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"170\" height=\"225\" loading=\"lazy\" src=\"https:\/\/globalnews.ca\/wp-content\/themes\/shaw-globalnews\/images\/skyline\/national.jpg\" alt=\"For news impacting Canada and around the world, sign up for breaking news alerts delivered directly to you when they happen.\"\/>\n\t\t\t\t<\/div>\n<div class=\"c-inlineSignup__content\">\n<h3>Get breaking National news<\/h3>\n<p>For news impacting Canada and around the world, sign up for breaking news alerts delivered directly to you when they happen.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<p>\u201cThe tax holiday will continue to muddy inflation readings until March when we can get a cleaner read of the consumer price index that are clear of distortions,\u201d Janzen and Fan said in a report Friday.<\/p>\n<div class=\"c-ad c-ad--bigbox l-article__ad\">\n<p>Story continues below advertisement<\/p>\n<\/p><\/div>\n<div class=\"l-article__part\" data-shortcode=\"tp_video\">\n<div class=\"c-video c-videoPlay \" data-iframe-receiver=\"\" data-autoplay=\"\" data-displayinline-featured=\"false\" data-displayinline-type=\"video\" data-displayinline-player-id=\"miniplayer_11021329_67b4926f911f2\" data-displayinline-video-id=\"11021329\" data-displayinline-ratio=\"16:9\" data-displayinline=\"https:\/\/globalnews.ca\/video\/embed\/11021329\/#autoplay&amp;stickyiframe=miniplayer_11021329_67b4926f911f2\" data-displayinline-sticky=\"true\">\n<div class=\"c-video__inner \">\n\t\t\t\t\t<span class=\"c-video__placeholder\"><br \/>\n\t\t\t\t\t\t<img loading=\"lazy\" class=\"c-video__image\" alt=\"Click to play video: 'GST\/HST tax holiday comes to an end'\" width=\"640\" height=\"360\" data-src=\"https:\/\/i0.wp.com\/media.globalnews.ca\/videostatic\/news\/vytxrkisx2-wvn421kjpu\/tax_break.jpg?w=1040&amp;quality=70&amp;strip=all\" loading=\"lazy\" srcset=\"\" sizes=\"auto, \" data-srcset=\"https:\/\/i0.wp.com\/media.globalnews.ca\/videostatic\/news\/vytxrkisx2-wvn421kjpu\/tax_break.jpg?w=450#038;quality=70&amp;strip=all 450w,https:\/\/i0.wp.com\/media.globalnews.ca\/videostatic\/news\/vytxrkisx2-wvn421kjpu\/tax_break.jpg?w=720#038;quality=70&amp;strip=all 720w,https:\/\/i0.wp.com\/media.globalnews.ca\/videostatic\/news\/vytxrkisx2-wvn421kjpu\/tax_break.jpg?w=1040#038;quality=70&amp;strip=all 1040w,\" data-sizes=\"(min-width: 1040px) 1040px,(min-width: 720px) 720px,450px\"\/><br \/>\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"c-video__overlay\"><\/p>\n<p>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<time class=\"c-video__duration\">1:54<\/time><br \/>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"c-video__title\">GST\/HST tax holiday comes to an end<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/p>\n<p>\t\t\t\t\t\t<\/span><br \/>\n\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<section id=\"content-dynamic-trending-stories\" class=\"l-inlineStories l-inlineStories--tile u-hide-tablet-landscape\" aria-label=\"Dynamic trending stories section\">\n<p>\n\t\t<span class=\"l-inlineStories__title c-heading c-heading--strikethrough\">Trending Now<\/span>\n\t<\/p>\n<ul class=\"l-inlineStories__posts c-posts c-posts--inline \">\n<li class=\"c-posts__item\">\n\t\t\t<a href=\"https:\/\/globalnews.ca\/news\/11019919\/us-intelligence-agencies-cuts-another-9-11\/\" class=\"c-posts__inner\"><\/p>\n<div class=\"c-posts__media \">\n\t\t\t\t\t\t<img loading=\"lazy\" class=\"c-posts__thumbnail\" data-src=\"https:\/\/globalnews.ca\/wp-content\/uploads\/2025\/02\/csis.jpg?quality=85&amp;strip=all&amp;w=336&amp;h=224&amp;crop=1\" loading=\"lazy\" width=\"336\" height=\"224\" alt=\"\"\/>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n<div class=\"c-posts__details\">\n<p>\n\t\t\t\t<span class=\"c-posts__headlineText\" title=\"Why a former CSIS official says the U.S. is positioned for \u2018another 9\/11\u2019\" data-title=\"\">Why a former CSIS official says the U.S. is positioned for \u2018another 9\/11\u2019<\/span>\n\t<\/p>\n<\/p><\/div>\n<p>\t\t\t<\/a>\n\t\t<\/li>\n<li class=\"c-posts__item\">\n\t\t\t<a href=\"https:\/\/globalnews.ca\/news\/11019772\/shark-bites-tourist-turks-caicos-photo\/\" class=\"c-posts__inner\"><\/p>\n<div class=\"c-posts__media \">\n\t\t\t\t\t\t<img loading=\"lazy\" class=\"c-posts__thumbnail\" data-src=\"https:\/\/globalnews.ca\/wp-content\/uploads\/2025\/02\/tourist-seriously-injured-shark-picture-turks-and-caicos.jpg?quality=85&amp;strip=all&amp;w=336&amp;h=224&amp;crop=1\" loading=\"lazy\" width=\"336\" height=\"224\" alt=\"\"\/>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n<div class=\"c-posts__details\">\n<p>\n\t\t\t\t<span class=\"c-posts__headlineText\" title=\"Tourist badly injured after approaching shark for photo in Turks and Caicos\" data-title=\"\">Tourist badly injured after approaching shark for photo in Turks and Caicos<\/span>\n\t<\/p>\n<\/p><\/div>\n<p>\t\t\t<\/a>\n\t\t<\/li>\n<\/ul>\n<\/section>\n<p>The RBC report said price growth continues to be disproportionately impacted by high growth in mortgage interest costs. While the inflation figures on Tuesday remained below the Bank of Canada\u2019s two per cent target, the central bank warned that retaliatory tariffs by Canada and other nations against the U.S. could also cause a period of inflation.<\/p>\n<p>\u201cWhile retaliatory tariffs would likely represent a one-time increase in the level of prices, members noted that, given the size of the shock, there was a risk that higher import prices could feed into other prices,\u201d the report said.<\/p>\n<p>\u201cIf this leads to an increase in inflation expectations, it could generate higher ongoing inflation,\u201d a Bank of Canada report said last week.<\/p>\n<div class=\"c-tabs\">\n<p>\n\t\t\t<button role=\"tab\" class=\"c-tabs__tab c-tabs__tab--active\" type=\"button\">More on Money<\/button><br \/>\n\t\t\t<button role=\"tab\" class=\"c-tabs__tab\" type=\"button\">More videos<\/button>\n\t\t<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<div>\n<p>\n\t\t&amp;copy 2025 Global News, a division of Corus Entertainment Inc.\t<\/p>\n<\/div>\n<p><script defer src=\"https:\/\/connect.facebook.net\/en_US\/sdk.js#xfbml=1&#038;appId=318812448281278&#038;version=v3.3\"><\/script><br \/>\n<br \/><br \/>\n<br \/><a href=\"https:\/\/globalnews.ca\/news\/11022950\/inflation-cools-january-2025-tax-holiday\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Descrease article font size Increase article font size Food prices in Canada declined for the first time since May 2017, although overall inflation in January rose slightly compared to December, Statistics Canada said. Consumer prices in Canada rose slightly in January, defying analyst expectations. Statistics Canada said Tuesday that the annual pace of inflation rose<\/p>\n","protected":false},"author":2,"featured_media":17533,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-17532","post","type-post","status-publish","format-standard","has-post-thumbnail","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Food prices in Canada down first time in 8 years: StatCan - National - Toronto Tribune<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/torontotribune.ca\/index.php\/2025\/02\/18\/food-prices-in-canada-down-first-time-in-8-years-statcan-national\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Food prices in Canada down first time in 8 years: StatCan - National - Toronto Tribune\" \/>\n<meta property=\"og:description\" content=\"Descrease article font size Increase article font size Food prices in Canada declined for the first time since May 2017, although overall inflation in January rose slightly compared to December, Statistics Canada said. 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