Inflation is diverging across FMCG sectors

The rate of Health & Beauty inflation decreased in the most recent week, while Pet, Grocery, and Household inflation have seen slight increases week-over-week.

Highlights for the four week period ending March 31:

  • Grocery prices were up 3.13% vs. YA, a decrease from the prior week.
  • Health & beauty prices were up 4.98% vs. YA, a minor increase from the prior week.
  • Prices for household items were up 0.95% vs. YA, an increase from the prior week.
  • Pet prices were up 0.41% vs. YA, an increase from the prior week.

Gas & Convenience grocery inflation remains elevated

Gas & Convenience grocery inflation has declined slightly week-over-week, but remains elevated compared to prior months. The rates of Online, Food, Drug, and Club grocery inflation have also increased slightly.

Grocery inflation is on the decline across most demographic groups

After an increase in the prior week, Gen Z grocery inflation has decreased to under-index vs. the prior year. All other demographic groups— except for Gen X consumers— also experienced a decrease in the rate of grocery inflation week-over-week.

COVID-19 Impact on Consumer Behaviour

For past insights into Canadian consumer behaviour and sentiment as it relates to the COVID-19 pandemic, check out our survey insights from March 2020 through May 2022.

See the insights.

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