The tenth annual report on food prices in Canada was released yesterday and the results show that Canadians will spend an additional $487 on food next year.
The increase is due to higher prices for meat, production and seafood, the report said.
Poor weather report, food supply and the closer U.S. Mexico borders raise food prices.
Generally, food prices are expected to rise 2-4%, giving Canadians $12,667 a year.
“If interest rates go up, families could fall behind,” said Silvanas Sharpice, chief author of the Dalhousie project. “Vegetables are a great example: A new guide from Canada encourages Canadians to eat more vegetables, but they are getting more expensive.”
Food prices are expected to rise in some provinces, such as British Columbia, Manitoba, Prince Edward Island and Quebec. Alberta, Saskatchewan, New Brunswick and Nova Scotia are expected to experience below-average inflation.
The report describes climate change doubles in space by 2020 and indicates that Canadian food systems will be affected by changing climatic conditions such as drought, forest fires, rainfall, poor access to water and climate change.
“Canadian farmers will face problems in the future if they encounter unexpected crops and animal threats related to high temperatures, forage, pests and disease outbreaks,”
The Canadian Food Price Report also takes into account the major trends and changes that have occurred in the last decade that have weakened the Canadian food industry.
The report says the most amazing and shocking moments in Canada’s food prices history are the 2015 meat price shock, the difference between dairy (filtered milk), the impact of U.S. imports and the stabilization system – that’s the bread price for 14 years. It happened from 2001 to 2015.