Loblaw September Food Inflation Report, tell me about this news in (https://www.manilatimes.net/2026/09/23/tmt-newswire/globenewswire/loblaw-september-food-inflation-report/2431187)

The news report covers the release of Loblaw’s September Food Inflation Report, published via GlobeNewswire on September 23, 2026, following the release of August Consumer Price Index (CPI) data by Statistics Canada.

Key highlights include:

• Slowing Grocery Inflation: Grocery inflation dropped to 2.8% year-over-year, falling below the rate of overall inflation for the first time in more than a year. Despite this deceleration, food affordability continues to be a major burden for many Canadian households.

• Upcoming Cost Pressures: The report highlights several factors that could push food costs higher in the coming months, including the effects of El Niño, commodity price volatility, supply constraints in seafood, and recent Canada–U.S. tariff measures.

• Loblaw’s Actions: To help manage these pressures, Loblaw stated it is helping shoppers identify products impacted by tariffs, prominently featuring Canadian-made and Canadian-prepared items, and working to source goods competitively to provide value.