While the overall inflation rate stayed at 2.2%, the grocery aisle tells a different story. Beef is up nearly 18% and coffee has soared 28%. Here is the breakdown.

Grocery prices in Canada increased an average of 4.7 per cent in November compared to a year earlier, according to the latest Consumer Price Index.

Good morning. Canada’s steady inflation rate masks a tug-of-war between rising grocery prices narrowly offset by cheaper gas, travel tours and hotels, with Taylor Swift-driven spikes to the cost of hotels and short-term stays last year still nudging slower growth this year. That’s in focus today, along with Canada’s IPO dreams.

Governor Tiff Macklem is speaking to a business crowd in Montreal today where he’s affirming the Bank of Canada’s commitment to keeping inflation low and preserving the value of money.

Fan noted that inflation breadth widened modestly, with about 54% of CPI components growing faster than three% on an annualized three-month basis, up from 50% in October. A narrower “supercore” measure that strips out goods and shelter rose 0.2% on the month and remained elevated at 3.2% year over year, suggesting pockets of persistence remain.

Governor Tiff Macklem says the Bank of Canada’s review of its framework next year must assess whether it gives the central bank the best chance of keeping inflation low and stable in a “more shock-prone world.

Colton Praill takes a closer look at the numbers as grocery prices in Canada continue to climb, despite inflation remaining at 2.2 per cent in November.

OTTAWA — Statistics Canada says rising grocery prices were causing fresh pain for consumers in November even as the overall inflation rate held steady.