Surprise! Food prices are on their way up

Prices will go up by as much as five per cent this year, or almost $700 more for groceries for the year for an average Canadian family

Surprise! Food prices are on their way upWhat was purely an academic supposition a few months ago is now actually happening. Along with higher interest rates, inflation is likely to become one of this year’s biggest business stories. And food prices won’t be immune. Many agricultural commodity prices have skyrocketed over last year. Corn is up 84 per cent, soybeans are up…

Do Canada’s grocers need a code of conduct?

While food prices continue to climb in Canada, grocers’ fees, in addition to low margins, haven’t helped manufacturers benefit

Do Canada’s grocers need a code of conduct?Many Canadians are oblivious to the fact that, in the food industry, suppliers need to pay grocers to conduct business. Fees were justified by merchandising costs and shelf space – things anyone would expect. But in recent years, things changed. Companies like Loblaws, Walmart and Metro used infrastructure and capital projects to justify new fees.…

Canadians still love meat, regardless of COVID-19

Recalls and plant shutdowns due to COVID-19 couldn’t keep Canadians away from the meat counter. But prices did reach the sticker-shock point

Canadians still love meat, regardless of COVID-19The COVID-19 pandemic has affected everyone on Earth one way or another, which is why the moment we are in is so unique. The way we consume food has also changed: how and where we buy it, and where we consume it have seen tremendous changes over the last 11 months. Proteins play a significant…

How will Canadian households cope as food prices rise?

The pace of food inflation is unmanageable for many

How will Canadian households cope as food prices rise?Canada’s Food Price Report 2021 brought some disconcerting news to Canadians. We could see food prices rise by as much as five per cent in 2021, according to the recently-released report. That’s the highest increase ever predicted by the report’s authors, a group of 24 scholars from four universities. For a family of four, the…

How do we solve the local food paradox?

Most of us want to pay more for locally-grown food and will say so, but few actively look for opportunities to do so

How do we solve the local food paradox?Prior to the COVID-19 pandemic disrupting supply chains and impacting purchasing habits, our relationship with food was different. The pandemic has pushed governments to consider food autonomy as a priority and to look more at local supply chains. Discussions are about producing food in Canada, year-round, while offering products to consumers at reasonable prices, especially…

Your grocery bill is rising and Covid-19 will make it worse

It’s high time to evaluate the possibility of a guaranteed minimum income, for greater financial equity for all

Your grocery bill is rising and Covid-19 will make it worseEvery month, Statistics Canada reminds us that life is getting more expensive. But for food, the situation has been unique over the last few decades. Based on numbers released recently, the price of a typical grocery basket has increased by about 240 per cent since 2000. Some will think such a percentage is expected, given…

Five ways COVID-19 will change the food business

New eating and shopping habits likely here to stay as pandemic measures ease, U of A food economist predicts

Five ways COVID-19 will change the food businessEating at home more and sticking with online delivery or takeout are habits likely to persist even as pandemic measures ease, according to one expert. “The ‘new normal’ is unlikely to be the same for retail and food service as life was in January of 2020,” when the first case of COVID-19 was reported in…

Don’t be fooled by the COVID-19 cons

Don’t be fooled by the COVID-19 consWhen costs rise, most food companies adjust. Safe, fair and sustainable business practices are always a priority in this sector – almost. Several food science experts believe an increase in food fraud is inevitable due to COVID-19. The Food Authenticity Network advisory board, which includes more than 1,500 food science experts from around the world,…

Better get used to higher food prices

The food sector has never been recession-proof. But COVID-19 may show us that it’s immune to deflationary pressures

Better get used to higher food pricesDespite a negative inflation rate overall, recent Statistics Canada numbers tell us we’re in for a wild ride at the grocery store. While the general inflation rate sits at -0.2 per cent, the food inflation rate is at 3.4 per cent. In December, Canada’s Food Price Report predicted a food inflation rate of about 4.0…

Cracking down on COVID-19 profiteers

While artificially inflated retail food prices are possible in Canada at any time, it’s highly unusual – even now

Cracking down on COVID-19 profiteersEven if they really haven’t had good reason, many Canadians have felt food insecure lately. Access to food has been a concern. Affordability is certainly a close second. Since the beginning of the COVID-19 crisis, consumers have occasionally taken to social media to report inflated prices by retailers. Even though the accusations were warranted in…
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