Pet inflation is under-indexing vs. a year ago

Health & Beauty sector inflation is on the rise, while Grocery and Household inflation continue to decrease week-over-week. Pet sector inflation— just added to the Numerator Price Pulse— is also on the decline and is under-indexing vs. a year ago.

Highlights for the four week period ending February 11:

  • Grocery prices were up 4.43% vs. YA, a decrease from the prior week.
  • Health & beauty prices were up 11.79% vs. YA, an increase from the prior week.
  • Prices for household items were up 2.83% vs. YA, a decrease from the prior week.
  • New! Pet prices were down -0.26% vs. YA, a decrease from the prior week.

Gas & Convenience grocery inflation has peaked— for now

After reaching the highest rate of inflation since February ’23 in the prior week, Gas & Convenience grocery inflation has begun to decline week-over-week. Online and Dollar grocery inflation have also declined.

Gen Z grocery inflation reaches the lowest level seen yet

Gen Z grocery inflation, frequently volatile compared to other generations, decreased to the lowest level seen yet in the most recent week. Week-over-week, grocery inflation remained steady for all other generations and most ethnic groups, with the exception of Black Canadian consumers, who are facing a declining rate of grocery inflation.

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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