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1:42 Lower energy costs drive down inflation, but grocery prices stay high

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Lower energy costs drive down inflation, but grocery prices stay high

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Lower energy costs drive down inflation, but grocery prices stay high

May 20, 2025

Canada's inflation rate dipped from 2.3 per cent in March to 1.7 per cent in April, mostly thanks to the consumer carbon tax being eliminated, but the devil is in the details. Heather Yourex-West explains how grocery prices are still on the rise, how Canada's economic future is uncertain due to tariffs, and what this slide might mean for interest rates.

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