The World Forum - May 23rd, 2024

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Food prices are expected to surge in 2021

 


The just-released 11th annual Food Price Report — a collaborative effort by four universities across the country — foresees the cost of groceries overall going up by three to five per cent. The worst offenders will be meat (4.5 to 6.5 per cent increase), vegetables (4.5 to 6.5 per cent) and bakery (3.5 to 5.5 per cent), said the study’s authors, calling COVID-19 a major culprit.


They calculated a family of four can expect to pay $13,907 annually, almost $700 more than in 2020. (That jump doesn’t include restaurants or online spending.)


https://www.thestar.com/business/personal_finance/2020/12/20/win-the-battle-against-rising-food-prices-with-these-tips-from-the-pros.html?rf#conversations


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