Grocery shoppers in Canada experienced a bit of relief in June, but Loblaw's latest report says that could easily change with the ongoing tariffs spat. According to the grocery giant's July food inflation report, food prices in June rose by 2.8 per cent compared to last year. Loblaw says food prices in Canada will fluctuate depending on how the tariff spat plays out. The corporation says if the federal government imposes further counter-tariffs on the U.S., grocery prices are likely to increase. U.S. tariffs on other countries also affect Canada because ingredients sourced from those places could potentially see higher prices on finished goods destined for Canada.