Mr. Speaker, I am pleased to respond to the comments the hon. member made earlier. We recognize that affordable groceries continues to be an important issue and that many Canadians are struggling to make ends meet. Food inflation at the grocery store fell from a peak of 11.4% in January 2023 to 3.4% in August 2025. It is not hard. Anyone can go to the Statistics Canada website and see the report on the consumer price index, or CPI. It clearly states that the price of food increased by 3.5% in August 2025. It is not a 70% increase.
The government will continue to take concrete action to ensure that Canadians pay fair prices for groceries. In the Speech from the Throne delivered by His Majesty King Charles III, we laid out our bold and ambitious plan for the future. Our tax cut for the middle class will ease the tax burden for roughly 22 million Canadians, saving families up to $840 a year. This measure is expected to generate tax savings of more than $27 billion over five years.
Greater consumer choice and competition in the grocery sector are also essential to improving food affordability. That is why, over the past few years, the Government of Canada has made amendments to the Competition Act to bring it up to date. These amendments have impacted how the Competition Bureau can investigate anti-competitive behaviour and deceptive marketing practices. For example, these amendments now require suppliers to be more honest in their advertising. Posting prices without including all mandatory fees is now considered a form of dishonesty.
Several measure are required to stabilize food prices. We also need to work on improving all components of the supply chain. In July 2024, major grocery retailers committed to a grocery code of conduct. Canadians depend on a resilient food supply chain to access good-quality, affordable food. However, everyone has to contribute and everyone has to follow the rules.
The government also continues to support consumer advocacy through the Canadian consumer protection initiative. This initiative makes it possible to produce independent research to support consumer organizations. The most recent call for proposals under this initiative focused on priority issues such as affordability, barriers to competition in the grocery industry and protecting consumers against hidden fees and price gouging.
As part of a previous proposal, a financial project that took these priorities into account supported a national consumer movement that helped Canadians across the country by providing practical tools for decoding pricing strategies and empowering them to make informed decisions.
We are working with the industry and our partners to continue to support stable food prices. Our commitment is unwavering, and no option is—