Canadians paid 45% more for tomatoes and 25% more for beef chuck in May: StatCan inflation report

Canadians paid 45% more for tomatoes and 25% more for beef chuck in May: StatCan inflation report

Canada's inflation hit 3.2% in May, the highest since 2023, as food prices led G7 growth at 3.8%—tomato prices surged 45% due to Mexican crop failures and U.S. tariffs. Agricultural supply shocks from global weather and tariffs signal commodity inflation pressures affecting broad operational budgets beyond tech spending.