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The latest inflation numbers from Statistics Canada should make policymakers uncomfortable.

CHARLEBOIS: Under Carney, food inflation has outpaced inflation every single month Back to video

In May, overall inflation reached 3.2%, while food inflation climbed to 3.8%. At first glance, the difference may seem modest. But beneath the headline lies a trend that should concern anyone paying attention to Canada’s economy: food inflation has exceeded overall inflation every single month since Mark Carney became Prime Minister in March 2025.

Not once during his tenure has food inflation fallen below the national inflation rate.

That streak has now reached fifteen consecutive months.

For Canadians, this matters far more than many economists realize. While inflation is often discussed as a broad economic concept, consumers experience inflation through everyday purchases. They may not notice changes in the price of durable goods or financial services, but they certainly notice the cost of filling a grocery cart.

And lately, grocery bills have been sending a message very different from the one conveyed by headline inflation numbers.

Canada leads G7 in food inflation

The May data also reveal something else. Canada is once again leading the G7........

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