The food prices that will see the biggest increase in Manitoba next year
Food prices in Canada will continue to rise in the new year, according to a new study.
The 13th edition of Canada’s Food Price Report – released Monday – said that overall, food prices will increase by five to seven per cent next year.
"In 2023, it is expected that Canadians will continue to feel the effects of high food inflation, and food insecurity/affordability will also be a big issue with rising food prices," said the report.
Canada's Food Price Report is compiled every year, a collaboration between Dalhousie University, the University of Guelph, the University of Saskatchewan, and the University of British Columbia. The study uses predictive analytics models applying machine learning to support the analytical process of determining the future of food prices.
The report also gives an overview of how food prices fared this year, "2022 presented a host of contributing factors that drive food inflation including continued labour shortages, high oil and gas prices, adverse climate events, and geopolitical conflicts," it states.
Food prices rose more than 10 per cent in Canada over the past 12 months, a trend the report attributes to several factors, including supply chain issues and "greedflation."
Food waste also continues to be a problem, "In 2022, 63 per cent of Canadians noted that they had to throw away food prematurely at least once in the six months preceding the survey," said the report.
Specifically, Manitoba saw an increase of 10.7 per cent in food prices, only slightly less than Quebec, which led the country at 11 per cent. British Columbia was the only province that did not see double-digits, with a 9.2 per cent increase.
The report also predicts how much families will spend on food next year. In 2023, a family of four will have annual food costs of up to $16,288.41, more than $1000 more than the previous year.
Another factor contributing to the rising cost of food is the war in Ukraine. Russia and Ukraine produce 27 per cent of the world's wheat, and Ukraine is the largest producer of sunflower oil, which is widely used in processed foods. The war has disrupted the production of those commodities.
Looking at specific categories, the cost of vegetables is expected to rise the most, up to eight per cent. Fruit costs on the other hand will only jump a little - a three or four per cent increase. Meat, dairy, and bakery items will rise up to 7 per cent in cost.
The report says food security will continue to be an issue for many Canadians. "Food bank use has been increasing since June 2020 and because of rising food prices, 20 per cent of Canadians reported their household would be likely or very likely to get food or meals from community organizations including food banks, community centres, or other access points over the next six months," it stated.
The full report can be found online.
CTVNews.ca Top Stories
Ottawa injects another $36M into vaccine injury compensation fund
The federal government has added $36.4 million to a program designed to support people who have been seriously injured or killed by vaccines since the end of 2020.
'Secret report' or standard research? B.C. government addresses safe supply allegations
B.C.’s premier and one of his top lieutenants are pushing back against allegations by the Official Opposition that he covertly commissioned a report into the diversion of safe supply drugs onto the streets.
Video shows suspects waving weapons, smashing glass in Toronto jewelry store robbery
Arrests have been made after five men were captured on video rampaging through a jewelry store in Toronto, waving weapons and smashing glass display cases.
'My stomach dropped': Winnipeg man speaks out after being criminally harassed following single online date
A Winnipeg man said a single date gone wrong led to years of criminal harassment, false arrests, stress and depression.
She was too sick for a traditional transplant. So she received a pig kidney and a heart pump
Doctors have transplanted a pig kidney into a New Jersey woman who was near death, part of a dramatic pair of surgeries that also stabilized her failing heart.
What Canadians think of the latest Liberal budget
A new poll suggests the Liberals have not won over voters with their latest budget, though there is broad support for their plan to build millions of homes.
opinion Why you should protect your investments by naming a trusted contact person
Appointing a trusted person to help with financial obligations can give you peace of mind. In his personal finance column for CTVNews.ca, Christopher Liew outlines the key benefits of naming a confidant to take over your financial responsibilities, if the need ever arises.
'One of the single most terrifying things ever': Ontario couple among passengers on sinking tour boat in Dominican Republic
A Toronto couple are speaking out about their 'extremely dangerous' experience on board a sinking tour boat in the Dominican Republic last week.
Teacher shortages see some Ontario high school students awarded perfect grades on midterm exams
Students at a high school in York Region have been awarded perfect marks on their midterm exams in three subjects – not because of their academic performances however, but because they had no teacher.