Canadian families will pay $1,065 more for groceries in 2023, report says
Food prices in Canada will continue to escalate in the new year, with grocery costs forecast to rise up to seven per cent in 2023, new research predicts.
“When you look at the current food inflation cycle we’re in right now, we’re probably in the seventh-inning stretch,” he said in an interview. “The first part of 2023 will remain challenging … but we’re starting to see the end of this.” “The produce section is going to be the wild card,” Charlebois said. “Currency is one of the key things that could throw things off early in the winter and that’s why produce is the highest category.”
“The drought is making the production of lettuce more expensive,” he said. “It’s reducing the crop size but it’s also causing bacterial contamination, which is lessening the supply in the marketplace.” Meanwhile, seafood is expected to increase up to six per cent, while fruit could increase up to five per cent, the report said.
Use of weekly flyers, coupons, bulk buying and food rescuing apps also ticked up this year and is expected to continue growing in 2023, the report said.
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Canadian families will pay $1,065 more for groceries in 2023: ReportFood prices in Canada will continue to escalate in the new year, with grocery costs forecast to rise up to seven per cent in 2023.
Read more »
Canadian families will pay $1,065 more for groceries in 2023: reportFood prices in Canada will continue to escalate in the new year, with grocery costs forecast to rise up to seven per cent in 2023.
Read more »
Canadian families will pay $1,065 more for groceries in 2023: ReportFood prices in Canada will continue to escalate in the new year, with grocery costs forecast to rise up to seven per cent in 2023.
Read more »
Canadian families will pay $1,065 more for groceries in 2023, report saysFood prices in Canada will continue to escalate in the new year, with grocery costs forecast to rise up to seven per cent in 2023, new research predicts.
Read more »
Canadian families will pay $1,065 more for groceries in 2023, report says - BNN BloombergFood prices in Canada will continue to escalate in the new year, with grocery costs forecast to rise up to seven per cent in 2023, new research predicts.
Read more »
Canadian families will pay $1,065 more for groceries in 2023: ReportFood prices in Canada will continue to escalate in the new year, with grocery costs forecast to rise up to seven per cent in 2023.
Read more »