Canadians changing habits in search of lower-cost options for groceries

Canadians are sending a message due to increases in grocery prices, which when measured year over year, have outpaced headline consumer inflation since late 2021. While food inflation has eased in recent months—falling out of double-digit territory in March and April 2023—prices for many grocery items have continued to increase month after month and, on balance, are 20% above levels reported two years earlier. During 2022, the sticker shock in grocery aisles became remarkably broad-based, with elevated price growth—year-over-year...