Cost of food in Canada increased 2.90 percent in December of 2018 over the same month in the previous year. Food Inflation in Canada averaged 3.85 percent from 1951 until 2018, reaching an all time high of 20.18 percent in July of 1978 and a record low of -7.14 percent in December of 1952.
Food Inflation in Canada is expected to be 1.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Food Inflation in Canada to stand at 1.90 in 12 months time. In the long-term, the Canada Food Inflation is projected to trend around 2.40 percent in 2020, according to our econometric models.