Inflation fell to 2.8 percent last month, but grocery prices remain high
The country's inflation rate fell last month.
Statistics Canada says it dropped from 3.4 percent in May to 2.8 percent in June.
The agency adds lower gas prices were a big factor in the slowdown.
However, Canadians still aren't seeing a lot of relief at grocery stores.
Grocery prices rose 9.1 percent on a year over year basis.
The Bank of Canada's rate hikes are also factoring into higher inflation through mortgage interest costs.
According to Statistics Canada, inflation would have risen two percent year over year without mortgage interest costs.
Earlier this month, the central bank increased interest rates in order to reduce inflation.

Oxford County Continues Watermain Flushing
Poppy Campaign Underway in Oxford
Norfolk OPP Briefs - October 28th, 2026
Increased Voter Turnout in Woodstock
Tip Tuesday with the Oxford OPP - October 2026
Acchione Re-elected as Woodstock Mayor
Oxford MP Honours Local Residents with New Initiative
UPDATE: Unofficial Municipal Election Results for Oxford
Home Invasion Under Investigation in Oxford
Walk in Their Shoes Donation Total Released
PJHL Recap - Oct 23rd to Oct 25th
Navy Vets Recap - Oct 23rd Oct 25th
Woodstock Police Briefs - October 26th, 2026
UPDATE: More Assault Charges Laid in Tillsonburg
WITAAR Supports Local Classrooms
Ingersoll Pumpkin Fest Returns this Saturday
PJHL Preview - Oct 23rd to Oct 25th
Norfolk OPP Briefs - October 23rd, 2026
Wolverines to Face WPS in Friday Night Lights Charity Classic
Comments
Add a comment