Loblaw report sees Canada grocery inflation easing to 3.1% in July CPI data - XLP News | RalliesLoblaw report sees Canada grocery inflation easing to 3.1% in July CPI data
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XLP• Loblaw says grocery inflation eased in July
- Loblaw published an August Food Inflation Report following Statistics Canada’s July CPI release.
- Food purchased from stores inflation slowed to 3.1% year over year in July, down from 3.9% in June.
- Cost pressures remain elevated, with shoppers making more deliberate choices to stretch budgets.
- Weather, freight, supplier costs cited as key drivers, alongside currency swings, tariff uncertainty.
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