consumer prices

In 2025, Canada imposed counter-tariffs on US imports, causing a notable increase in retail prices. The analysis reveals that these price hikes were short-lived, largely dependent on retailers' expectations and transparency with consumers.

The Consumer Price Index (CPI) increased 2.8% year over year in April, up from an increase of 2.4% in March.

Prices for food purchased from stores rose 4.4% on a yearly basis in March, after increasing 4.1% in February.

Field Agent data shows Canadian milk prices rising faster than farmgate costs, with major regional gaps and higher prices than the U.S.

The year-over-year slowdown in the all-items CPI was driven by lower prices for travel tours and gasoline in March, said Statistics Canada.