Food Prices To Exceed Inflation Rate

Posted on Monday, June 19, 2017 12:28 PM

Overall food prices, including what you pay for fruit, are expected to increase this year by between 3 and 5 per cent according to a report from Dalhousie University which states the ideal increase is from 1 to 2 per cent.

The projected increase could mean the average Canadian family paying $420 more this year for what they eat.

While dairy and eggs are expected to remain stable, the price of meats, fish and vegetables are expected to rise by 4 to 6 per cent although the increase may not be as high in New Brunswick.

There's a warning a lower Canadian dollar will increase what you pay for imported foods.