Canada’s Food Price Report
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.
“Given the increases Canadians saw at the grocery store this past year, many are likely hoping to hear 2023 will bring some relief. But our models tell us that isn’t likely to happen just yet,” says Dr. Simon Somogyi, Arrell Chair in the Business of Food and University of Guelph lead for Canada’s Food Price Report.
Previous Food Price Reports
See below for a list of links to previous Food Price Reports.