If profiteering were the dominant force, margins would be expanding. They are not. What consumers are experiencing is cost pass-through within a system under strain.

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By Sylvain Charlebois

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Food inflation in Canada is once again moving in the wrong direction.

In November, it rose to 4.2 per cent, up from 3.4 per cent the previous month.

More troubling still, inflation for food purchased in stores climbed to 4.7 per cent, the highest level since December 2023.

For households already stretched thin, these numbers are not noise — they are signals.

A comparison across the G7 underscores Canada’s vulnerability.

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The gap between food inflation and overall inflation — a measure of whether food prices are rising faster than the broader economy — places Canada near the top of advanced economies.

Only Japan shows a larger divergence. Canada’s gap stands at 2.0 per cent, compared with 1.3........

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