Food will likely get even more expensive. What does the election mean for your grocery bill?

DM

With no sign of letup from soaring inflation, rising food prices could become the quintessential bread-and-butter issue in Canada’s federal election, experts warn. The country’s annual inflation rate surged to a 10-year high of 3.7 per cent in July, the fourth consecutive month of year-over-year increases above three per cent. And while gasoline prices and shelter costs have been driving much of the recent increases, pricier groceries and restaurant meals have also been pinching Canadians’ wallets. From General Mills to Chipotle, both food manufacturers and restaurant chains have been announcing price increases as they grapple with higher costs for transportation and agricultural commodities like wheat and corn. Restaurants, in particular, have also been struggling with crippling labour shortages that are adding pressure to their bottom lines.

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