Canada's food price report for 2022 is out and the news isn't very good.
The study done by Dalhousie along with the University of Saskatchewan and the University of BC suggests food price could rise between 5 and 7 percent next year. That's the highest predicted increase in food prices since the first report came out 12 years ago.
Canada's Food professor, Dr. Sylvain Charlebois at Dalhousie says it's important for consumers to understand that food prices have been going up for some time and there's no turning back. Part of the problem is overall inflation but also supply chain concerns and shortages in the labour market. According to the report the most significant increases are predicted for dairy and restaurants at 6 to 8 percent along with bakery and vegetables at 5 to 7 percent.
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