Canadian food prices forecast to rise 3-5%, adding $800 to a family of four's grocery bill by 2025.

A new report predicts that food prices in Canada will rise by 3-5% next year, leading to an additional $800 in grocery costs for a family of four by 2025. Factors contributing to the increase include climate change, labor issues, and potential political changes, such as the return of Donald Trump as US President, which could further impact prices. Meat and vegetable prices are expected to rise the most, with meat potentially increasing by up to 6%.

December 05, 2024
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