The 8th edition of Canada’s Food Price Report, published by both Dalhousie University and the University of Guelph has been released!
Some findings from the 2018 report:
-Food inflation over the last 12 months has been reasonable for Canadian households, a trend which is expected to continue.
-In 2018, food prices in Canada are expected to rise 1% –3%.
-Annual food expenditure for a family of 41is expected to rise by $348 to a total of $11,948 in 2018.
-Vegetables and food purchased at restaurants are expected to see the highest increase in 2018.
-The food service industry is expected to be responsible for 59% of the anticipated food expenditure
-Higher minimum wages will not have an impact on food prices, since most companies are finding innovative ways to cut operating and labour costs and the focus on protecting margins will be enhanced as a result.
-Major food topics for 2018 are expected to be the ongoing aversion to animal proteins, the new Canada’s Food Guide, and the rise of the Grocerant.
To read the full report, click here!