Canadians will be paying more for food in 2022.
That is according to the ‘Food Price Report 2022’, conducted by researchers with Dalhousie University, the University of Guelph, the University of Saskatchewan and the University of British Columbia.
The report forecasts an overall food price increase of five to seven per cent for the coming year, and it will be the highest predicted increase in food prices since the inception of the report twelve years ago.
Food price increases in Alberta, British Columbia, Newfoundland and Labrador, Ontario, and Saskatchewan will likely be higher than the national average in 2022, while price increases in the remaining provinces will be lower.
Bakery, dairy, and vegetable prices are forecasted to increase between five to seven per cent, fruit prices are expected to up between three to five per cent, and meat and seafood prices are expected to increase by two per cent.
It will also cost more to eat out, with the prices at restaurants expected to increase by six to eight per cent.
This years report predicts that a family of four will pay up to $14,767.36 for food, increasing by $966.08 from the total annual cost in 2021.
