Canada’s Food Price Report 2023 predicts Canadian families will spend up to $1065 more on food next year
Canadians will continue to feel the effects of high food inflation and insecurity
Halifax — Consumers can expect food prices to continue to rise. Canada’s Food Price Report 2023 predicts a 5% to 7% food price increase in 2023, with the most substantial increases in vegetables, dairy, and meat. The report forecasts that an average family of four, including a man (age 31-50), woman (age 31-50), boy (age 14-18), and girl (age 9-13) will spend up to $16,288.41 per year on food, an increase of up to $1,065.60 from what was observed in 2022.
“To say that it’s been a challenging year for Canadians at the grocery store would be an understatement,” says Dr. Sylvain Charlebois, project lead and Director of the Agri-Food Analytics Lab at Dalhousie University. “Consumers will continue to get smarter about grocery shopping as they navigate through this so-called food inflation storm.”
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