Canadians can expect groceries to cost them even more in 2021.
The 11th annual edition of Canada’s Food Price Report is forecasting an increase of between three and five per cent next year, that could amount to as much as $695 more a year.
The most significant increases will be for meat and vegetables which could rise up to 6.5 per cent.
Baked goods are close behind, with an estimated increase of up to 5.5 per cent.
The report found there were several factors that have impacted food prices.
The pandemic led to border and facility closures, which has shifted consumer demand and unemployment. It also forced modifications in production, manufacturing, distribution and retailing practices to enhance safety.
The report is a collaboration between Dalhousie University, and the Universities of Guelph, Saskatchewan and British Columbia.
