Surprising new spending data shows Canadians aren’t actually spending more on groceries — we’re just buying less
Canadians have been up in arms over soaring grocery prices, complaining loudly on social media about the toll being taken on their finances.
Since then, our daily spend on food has roughly flatlined, even as the cost of groceries continued to rise. By January 2023, the cost of groceries had risen by “The fact that the value is still the same with fewer purchases just goes to show this is an inflation story. Once we see grocery prices trend lower, we’ll see nominal grocery spends trend lower as well,” Freestone added.
A frozen vegan cake she used to buy as a treat for herself is no longer on her shopping list as the price has doubled, rising quickly to $13.Similarly, over the past year, Alex Jedemann said she has been changing her grocery habits to adjust to the soaring costs.their largest increase since 2004, while baked goods prices jumped 15.5 per cent, dairy products jumped 12.4 per cent and fresh vegetables jumped 14.7 per cent.
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