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Thanksgiving Dinner Costs 10% More. So Why Is Grocery Inflation Only 2.8%?

  Thanksgiving is tomorrow, and if you're still planning the grocery run, the numbers are not in your favour. Dalhousie University's Agri-Food Analytics Lab prices a turkey dinner for four at $35.72 this year, up 10% from $32.48 in 2025. Here's the catch: Statistics Canada says grocery prices rose just 2.8% in August, and that was the first time in more than two years that food inflation came in below the overall rate (3.0%). So why does the holiday table feel so much pricier than the grocery aisle overall? The turkey is doing most of the damage Dalhousie's basket covers a 7-lb whole turkey plus potatoes, carrots, dinner rolls, pumpkin pie, cranberries, stuffing and gravy. Here's how the pieces moved: Item (dinner for four) 2025 2026 Change Turkey dinner, total $32.48 $35.72 +10.0% The turkey itself (7 lb) $10.43 $12.53 +20.1% Everything else (sides, pie) $22.05 $23.19 +5.2% Ham dinner, total $34.87 $36.37 +4.3% Source: Dalhousie Agri-Food Analytics Lab (totals, t...
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Canada’s Inflation Rate Eases to 2.9% in January

 


Canada’s annual rate of inflation slowed in January, with prices rising 2.9 per cent, according to Statistics Canada. This deceleration was primarily driven by lower year-over-year prices for gasoline. Excluding volatile items like energy and food, the core inflation rate remained relatively stable.

Factors Influencing the Slowdown:

  1. Gasoline Prices: The decline in gasoline prices contributed significantly to the easing of inflation. As global oil markets adjusted, consumers benefited from more affordable fuel at the pump.

  2. Grocery Costs: Price growth for groceries also decelerated, rising 3.4 per cent annually in January compared to 4.7 per cent in December. This moderation in food prices played a role in curbing overall inflation.

  3. Base-Year Effect: The headline Consumer Price Index (CPI) grew at a slower pace year over year in January due to a base-year effect. The monthly increase in January 2023 was smaller than that in January 2022.

While this slowdown is a positive sign, it’s essential to monitor inflation trends closely. The central bank will continue to assess economic conditions and adjust monetary policy as needed. As we navigate the delicate balance between price stability and economic growth, Canadians can expect ongoing discussions about inflationary pressures and their impact on household budgets.

In summary, Canada’s inflation rate has taken a breather, but vigilance remains key as we move forward in 2024.


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