Canada’s Food Price Report
Canada’s Food Price Report predicts families to pay up to $700 more in 2024
Canada’s Food Price Report 2024 predicts food prices will continue to increase in 2024 – but by less than last year. The report projects a rise in food prices between 2.5 and 4.5 per cent, an increase of up to $701.79 for a family of four.
Canada’s Food Price Report is an annual collaboration between research partners at 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
Read the report
“Last year was a challenging year for consumers, with rising food prices and increasing levels of food insecurity impacted by climate change, geopolitics, and other factors,” said Dr. Evan Fraser, director of the Arrell Food Institute and University of Guelph Lead on the Food Price Report. “The Food Price Report predicts we will see further increases to food prices, though thankfully not at the same level as last year. Nevertheless, this may put additional strain on consumers and exacerbate levels of food insecurity.”
Read the media release
Read the media release
Previous Food Price Reports
See below for a list of links to previous Food Price Reports.