Building Block Associates

  • Home
  • Products & Solutions
    • View Supplies
    • What's In Season
    • Manage Mie Foodservice Manager
    • Foodservice Webinars
    • Become A Member
  • Online Store
  • Social Chat Blog
    • Foodservices News
  • Contact Us
  • Careers
  • Home
  • Products & Solutions
    • View Supplies
    • What's In Season
    • Manage Mie Foodservice Manager
    • Foodservice Webinars
    • Become A Member
  • Online Store
  • Social Chat Blog
    • Foodservices News
  • Contact Us
  • Careers

Average Canadian family to spend more on food in 2017, Dalhousie University report finds

12/6/2016

0 Comments

 
Picture
Canada’s Food Price Report 2017, released Monday by Dalhousie University, says prices are “expected to rise above the acceptable inflation rate.” Image: iStock
The cost of food will increase by up to five per cent in 2017, according to a new report.

Also read,
Agriculture's future bright, assuming continued productivity growth, low Canadian dollar.

That means an average Canadian family of four will spend around $420 more on food in the coming year.

Canada’s Food Price Report 2017, released Monday by Dalhousie University, says prices are “expected to rise above the acceptable inflation rate.”

The prices will rise across the board, but some items will see a higher increase than others.

Some of our staples, like meats, vegetables and seafood will have the greatest hike: up to six per cent. Bakery foods, cereals, dairy and eggs are expected to remain within a normal inflation range: between zero to two per cent.

Fruits and nuts will see a moderate increase of three to five per cent and restaurants are expected to charge around two to four per cent more.

It’s a significant enough jump that many families may be in trouble, Sylvain Charlebois, the report’s lead author told Global News. To see a full list of food price increases, HERE.


Food prices across the country
The highest increases will be seen in Ontario and British Columbia, according to the report.
These two provinces are expected to have a higher inflation rate, according to Charlebois, and grocers will also be taking advantage of a less competitive market.

In comparison, Nova Scotia, Prince Edward Island, Saskatchewan and the Northwest Territories will see the average increase, and the rest of the provinces will see a lower than average increase.

Why are food prices going up?
There’s a few reasons to account for the increase. While you might expect inflation to be a huge driver for prices, the report says the effect it has is minimal. Rather, the report suggests climate and trade policies are the main factors that bring up the cost of groceries.

First, Donald Trump’s presidency will have a major effect on Canadian food prices, Charlebois explained, due to his views on illegal workers (two million of whom work in the agriculture industry) and a U.S. protectionist view on farming and trade policies.

Secondly, the Canadian dollar is expected to fall, which will “decrease the buying power of many of our importers,” Charlebois explained.


That means we might see another incident like this past year’s skyrocketing price of the cauliflower.

The report also said the implementation of a carbon tax will have a “distortive effect” on the prices of food over the next few years, because some food sectors are dependent on fossil fuels.

Just a prediction?
It’s the seventh year the report was released. And its predictions were accurate for five out of the six years.

“The one time we weren’t accurate, we actually underestimated food inflation that year,” Charlebois explained.

“In fact, our model that we developed here at Dalhousie was suggesting much higher increases of anywhere between four to six per cent and we thought it was a bit too much so we’re going ahead with the three to five per cent threshold.”

SOURCE Rebecca Joseph, Global News
0 Comments



Leave a Reply.

    Go to blog
    Advertisement

    RSS Feed

    News & Updates

    Stay informed with the latest news around foodservice, agriculture and other related food news.

    Do you Enjoy our E-news & Updates?
    Get our foodservice E-news, blogs and LTO's sent to your inbox, SUBSCRIBE HERE.

    Advertisement Opportunities 
    To get your foodservice business in our daily e-news, here.

    Archives

    March 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017
    April 2017
    March 2017
    February 2017
    January 2017
    December 2016
    November 2016
    October 2016
    September 2016
    August 2016
    July 2016
    June 2016
    May 2016
    April 2016
    March 2016
    February 2016
    January 2016
    December 2015
    November 2015
    October 2015

    Categories

    All
    Agriculture And Food Safety
    All Day Breakfast Menu
    Beans Benefits
    Beverage Company
    Building Construction
    Candy Company
    Carbonated Drinks
    Chicken Farm
    Dairy Production
    Fast Food
    Fast Food Chains
    Food Prices
    Generation Z
    Genetically Modified Organisms
    Gluten Free
    Grocery Retailer
    Healthy Meals For Kids
    Imported Foods
    Imported Foods From Other Countries
    Liquor Licence
    Milk Industry
    Milliennials
    National Food Holidays
    Nut Allergies
    Organic & Natural
    Processed Foods
    Produce Industry
    Restaurant
    Restaurant Management
    Restaurant Ordering System
    Restaurateurs
    Seafood
    Sustainable Resources
    Sweet Snacks
    Sweet Tasting Desserts
    Tree Nuts
    Value Menu Offering
    Ways To Reduce Food Waste

    Picture
    Advertisement
    Picture
Powered by Create your own unique website with customizable templates.