An internal government memo states that food inflation is rising so much, it threatens to reverse gains in the national rate of poverty. The memo, called “School Food” from the Department of Social Development, said the average 11 percent increase in grocery food prices “could impact poverty rates in Canada” for years in the future….
Rising Price of Food Threatens to Adversely Affect Poverty Rates in Canada: Government Memo
January 24, 2023
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Kroger CEO Says Half of Its Customers Are Financially Strained by High Inflation
Kroger CEO Rodney McMullen said half the chain’s customers are under “a lot” of financial strain due to high inflation. The retail chain has been working with its manufacturers on how they can work together to reduce costs as its customers remain under financial strain, said McMullen at a conference on Jan. 16, reported Fox…
Slash Food Costs and Give Yourself a Raise
Could you use an extra $1,200? That’s exactly what you’ll have in a year if you can find a way to whack just $25 from your food bill each week. But there’s not one single way to reduce food costs. The key is to use a combination of strategies. Eat The Sales Build your grocery…
Food Costs for the Average Family of 4 Will Exceed $300 Weekly in 2023: Report
January 4, 2023
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An average family of four can expect to spend more than $300 per week on food this year, according to Sylvain Charlebois, director of the Agri-Food Analytics Lab and a professor in food distribution and policy at Dalhousie University. The estimates for 2023 food costs are detailed in the newest issue of Canada’s Food Price…
Impact of Grocery Price Hikes Uneven Among Holiday Season Shoppers
November’s 10.6 percent jump in food prices is having a mixed effect on people shopping for Christmas dinner and other holiday treats. Betty, a shopper at Jeff’s Marketplace in Lexington, Michigan, told The Epoch Times, “I’m cutting back this year. I’ll go without certain things which I can’t afford. “Eggs are up the most. A…
CPI Numbers Reveal Inflation Cooled in November, but Consumer Prices Still Remain Significantly High
December 13, 2022
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The Consumer Price Index (CPI) released today shows that average prices for goods went up 0.1 percent in November compared to October, and increased 7.1 percent on an annual basis, revealing a cooling down of inflationary expansion as expected by economists even as prices persist at decades-high levels. The CPI, the most widely adopted inflation…
Canadian Families Can Expect to Pay $1,000 More for Food in 2023: Report
Canadian families can expect to pay over $1,000 more for food in 2023, according to a new report published by four universities across the country that collaborated on the project. High food inflation is expected to continue next year, with food insecurity and affordability being a big concern for many, says “Canada’s Food Price Report 2023,”…
More Than Half of Canadians Worried About Putting Food on the Table: Poll
A new poll suggests that more than half of Canadians surveyed are worried about having enough money to put food on the table, while 86 percent of people are worried the country will face an economic recession in 2023. Food inflation is reported at higher than 10 percent, and the most recent Canada Food Price…
After Rent and Food Costs, Little to Nothing Left at Month’s End for 1 in 7 Households: Ottawa Public Health Report
A new report from Ottawa Public Health (OPH) says one in seven households in the nation’s capital city are facing “food insecurity,” defined as “inadequate or unstable access to food due to financial constraints,” with poverty being the root cause. The Nutritious Food Basket (NFB) is a survey normally conducted by the OPH each year in…
High Food Prices Have Canadians Eating Less, Stockpiling Food: Poll
Canadians are stockpiling food and changing their eating and purchasing habits in response to rising food prices amid soaring inflation, according to a new poll. More than 1000 Canadians surveyed were asked if they had taken any steps in the past 30 days to reduce their food costs. The majority of Canadians polled, 61 percent,…
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