Food prices to rise by up to 4% in 2020, report finds
Postmedia News
December 4, 2019
December 4, 2019 5:35 PM EST
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Expect to pay more for your meals next year.
The average Canadian household will pay $12,667 for its groceries in 2020 — a jump of $487, according to Canada’s Food Price Report released Wednesday.
A joint effort of the University of Guelph’s Arrell Food Institute and Dalhousie University’s Agri-Food Analytics Lab, the 10th annual report indicated that overall food prices are expected to jump to between 2-4%, which is a bit higher than last year’s forecast of 1.5-3.5%.
Meat prices are expected to see the biggest jump, between 4% and 6%, but vegetables and seafood are also supposed to increase 2-4%. Fruits are expected to rise between 1.5% and 3.5%. And the increase on produce is in addition to the 12% price hike over this past year.
“We get a large amount of our fruit and vegetables from the U.S. and Mexico and delays at the border crossing can lead to empty grocery store shelves,” Professor Simon Somogyi, the University of Guelph’s lead for the report, said in a press release.
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He added that if U.S. President Donald Trump’s re-election campaign focuses on Mexico border protection, prices for fruits and vegetables may rise even higher. Extreme weather and food recalls are also factors in these increases.
The more expensive meat and seafood is due to price increases and demand in the global marketplace, Somogyi added.
Dairy is also expected to be 1-3% next year.