Loblaw February Food Inflation Report

Executive Summary

• Loblaw released its February Food Inflation Report, showing a modest cooling of overall inflation to 1.8% year‑over‑year.
• Food prices in stores fell by 70 basis points to an annual increase of 4.1%, while restaurant food prices rose sharply by 7.8% month‑over‑month.
• The report provides context on drivers of current food price movements and Loblaw’s outlook for future inflation trends.

Key Details

• Overall Consumer Price Index (CPI) for February 2026: 1.8%, down from 2.3% in January 2026.
• Food purchased from stores: 4.1% year‑over‑year increase, a decline of 70 basis points versus January.
• Food purchased from restaurants: 7.8% year‑over‑year increase in February, up from the previous month.
• The report notes that restaurant price gains are notable given the prior year’s spike when the GST/HST holiday ended in February 2025.

Notable Quotes

(No direct quotes were provided in the release.)