Canada’s Food Price Report predicts families to pay $1,000 more in 2023

Canada’s Food Price Report 2023 predicts that overall, prices will rise by five to seven per cent this year. A family of four consisting of two adults and two children will pay an average of $16,288.41 in 2023 — an increase of $1,065.60 over their annual costs in 2022.

Canada’s Food Price Report is an annual collaboration between research partners Dalhousie University, the University of Guelph, the University of Saskatchewan, and the University of British Columbia. This cross-country research team uses historical data sources, machine learning algorithms, and predictive analytics tools developed over many years to make predictions about Canadian food prices.

Read the report at Arrell Food Institute: https://arrellfoodinstitute.ca/wp-content/uploads/2022/12/30083-Food-Price-Report_Digital.pdf