Food Price Report 2026
The Canada Food Price Report, produced annually with Dalhousie University, the University of British Columbia and the University of Saskatchewan, uses a broad range of predictive models to forecast how prices will rise next year.
It predicts food prices will increase by 4-6% in 2026; an average family of four may spend up to $17,571.79 next year in groceries, an increase of up to $994.63 since last year.
Global weather events, consumer behaviours, changes in retail business models and the inflationary impacts of tariffs are all cited as major driving factors.
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Though food prices are not the highest they have been, fixed factors such as rent and wages are still straining consumers’ budget, so that even a small increase in these areas can be devastating. Tackling the high cost of living is a central plank when addressing the impact on high food prices and food insecurity.
Senate Remarks
On December 4th, 2025 Dr. Evan Fraser, Director of Arrell Food Institute, spoke to the House of Commons’ Standing Committee on Agriculture and Agri-Food about the need to strengthen Canada’s agri-food innovation system.
He emphasized that long-standing regulatory barriers, talent shortages and limited investment incentives continue to prevent Canada from fully capturing the value of what it produces. Fraser outlined four priorities. regulatory reform, stronger training pathways, de-risking private investment, and better alignment between research and industry, to build a more resilient and competitive food system. He noted that with the right policies in place, Canada has the potential to become a global leader in agri-food innovation, a vision echoed by major institutions like RBC and Farm Credit Canada.
Report Academic Advisors
These AFI Chairs, along with researchers from collaborating universities, provided academic guidance throughout the development of the report, ensuring the analysis reflects the best available evidence and sector expertise.
Interviews and Media Requests
Members of the media or partners wishing to discuss the report’s findings further are encouraged to contact the Arrell Food Institute at afiinfo@uoguelph.ca to arrange interviews.