Canadian families can expect to pay an average of $411 more on their annual food expenses this year, according to the ninth edition of Canada’s Food Price Report for 2019.
The report, by Dalhousie University and the University of Guelph, said the average annual food expenditure for a Canadian family will jump to about $12,157 this year. Food prices are anticipated to increase by 1.5 to 3.5 per cent.
“For the first time since its inception, this report forecasts a decrease in two highly discussed categories in the food sector: meat and seafood. We are seeing meat prices decline while plant-based proteins are on the rise, in addition to seafood price fluctuations due to availability, quality and tracteability of certain imported products,” said the report.
“Despite the anticipated negative numbers for these two categories, overall food prices are expected to rise up to 3.5 per cent in 2019. This represents a slight increase from last year . . . The cost of vegetables will continue to be an important factor.”
The report also stated that out-of-home purchases of food will cost Canadian families an average of $143 more, “a more modest increase compared to 2018.”
Mario Toneguzzi is a business reporter in Calgary.
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