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
Doctors say capital gains tax changes will jeopardize their retirement. Is that true?
The Canadian Medical Association asserts the Liberals' proposed changes to capital gains taxation will put doctors' retirement savings in jeopardy, but some financial experts insist incorporated professionals are not as doomed as they say they are.
Something in the water? Canadian family latest to spot elusive 'Loch Ness Monster'
For centuries, people have wondered what, if anything, might be lurking beneath the surface of Loch Ness in Scotland. When Canadian couple Parry Malm and Shannon Wiseman visited the Scottish highlands earlier this month with their two children, they didn’t expect to become part of the mystery.
Fair in Ontario, flurries in Labrador: Weather systems make for an erratic spring
It's no secret that spring can be a tumultuous time for Canadian weather, and as an unseasonably mild El Nino winter gives way to summer, there's bound to be a few swings in temperature that seem out of the ordinary. From Ontario to the Atlantic, though, this week is about to feel a little erratic.
What do weight loss drugs mean for a diet industry built on eating less and exercising more?
Recent injected drugs like Wegovy and its predecessor, the diabetes medication Ozempic, are reshaping the health and fitness industries.
He replaced Mickey Mantle. Now baseball's oldest living major leaguer is turning 100
The oldest living former major leaguer, Art Schallock turns 100 on Thursday and is being celebrated in the Bay Area and beyond as the milestone approaches.
What a urologist wants you to know about male infertility
When opposite sex couples are trying and failing to get pregnant, the attention often focuses on the woman. That’s not always the case.
'It was instant karma': Viral video captures failed theft attempt in Nanaimo, B.C.
Mounties in Nanaimo, B.C., say two late-night revellers are lucky their allegedly drunken antics weren't reported to police after security cameras captured the men trying to steal a heavy sign from a downtown business.
Bank of Canada officials split on when to start cutting interest rates
Members of the Bank of Canada's governing council were split on how long the central bank should wait before it starts cutting interest rates when they met earlier this month.
Iran's judiciary confirms rapper Toomaj Salehi death sentence
Iran's judiciary confirmed the death sentence of well-known Iranian rapper Toomaj Salehi but added that he is entitled to a sentence reduction, state media reported on Thursday.