Will grocery prices go down in Canada in 2026?

Probably not across the board. The available 2026 outlooks suggest Canadian grocery prices are more likely to stay elevated or rise further than to fall overall. Some individual items may get cheaper at times, but the broader expectation is that prices will remain high and could increase modestly through the year.

One reason is that food inflation tends to be driven by multiple factors, not just one. Transportation, energy, weather-related supply disruptions, labor costs, exchange rates, and farm input costs can all affect grocery prices. So while some prices may stabilize or ease temporarily, a broad decline in grocery bills across Canada in 2026 does not look like the base-case outlook.

Exact prices can change during the year, so if you want the latest forecast, it’s worth checking the current Canada Food Price Report or other official Canadian inflation data.