They Tell Us Inflation Is ‘Low,’ Yet Food Prices Are Set To Surge $700 In 2021

DM

Food prices are set to surge about as high as 5% next year, an increase that would mean an extra $700 in food costs for a Canadian family of four. That’s according to a forecast done yearly by Dalhousie University/University of Guelph, reported by the Financial Post: “Canadians’ average grocery bill is forecast to rise as much as 5 per cent in 2021, as COVID-19 takes a toll on supply chains, according to Canada’s Food Price Report, an annual forecast published by Dalhousie University and the University of Guelph. This year, the University of Saskatchewan and the University of British Columbia also participated in the research.”

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