Food prices will climb by between five and seven per cent in 2022, adding nearly $1,000 a year to the grocery bill of the average family of four, according to estimates from the latest edition of Canada’s Food Price Report released on Thursday.
Restaurant meals, dairy, vegetable and bakery prices will deliver the biggest hit to Canadians’ bottom lines with expected increases of between five and eight per cent, the research shows.
The overall increase, projected to be between five and seven per cent, is the highest yet predicted by the report, which has been forecasting food inflation for the past 12 years.
Global’s Anne Gaviola explains.
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