Canada’s annual inflation rate remained constant at 2.2% in November, owing primarily to increased food prices, Statistics Canada announced on Monday. On a year-over-year basis, the rise in food and restaurant prices was somewhat offset by a decrease in gasoline and lodging costs.

Statistics Canada said grocery food inflation rose in November year over year by 4.7 per cent, above the consumer inflation rate, which was 2.2 per cent.

Grocery prices were up 4.7 per cent year-over-year in November — a jump from 3.4 per cent in October and the highest level recorded since December 2023.