An annual report on food prices in Canada is predicting more pressure on grocery costs in the coming year — but also noted that some increases in 2024 weren't as bad as previously predicted.

Inflation rose 2.7% on an annual basis in November, according to the latest government report on the Consumer Price Index, or CPI.

"I think the more tariffs we impose in the United States, the more inflation we will have," Summers told CBC's chief political correspondent Rosemary Barton. "And the lesson of the last election ...