Canada’s Food Price Report is predicting that your grocery bill could increase by up to 3.5 per cent next year.
The average Canadian family will pay about $400 more for groceries, according to the report by researchers at the University of Guelph and Dalhousie University. The hikes are being blamed on climate change and a demand exceeding supply for vegetables.
Heather Hayes, Executive Director at the Orangville Food Bank, says she’s seen four new families at the food bank recently and is predicting that trend will continue in the New Year.
Hayes says everyone will be hit by the rising food prices and it could alter family food habits.
Hayes adds that the food bank is usually the first touch point in the social service system, since a lot of people who’ve donated in the past are familiar with it.
Food Price Forecast:
Bakery: 1 to 3%
Dairy: 0 to 2%
Food: 0 to 2%
Fruit: 1 to 3%
Meat: -3 to -1%
Seafood: -2 to 0%
Vegetables: 4 to 6%
Restaurants: 2 to 4%