The number assigned to increased grocery costs for the average family of four next year is $702. If times weren’t difficult enough, Canadians will likely see another chunk of a week’s wages heading to basic needs.
The Canada Food Price report predicts an increase of between 2.5 and 4.5 per cent. The team heading this conversation and study from the University of Guelph analyzed many market factors to reach its conclusions.
This past year food bank usage increased 30% according to the report. This suggests that patrons are finding other increases in their household budgets too much to bear. Interest charges, big jumps in the cost of large ticket items and yes, even property taxes, are all having an impact on residents.
Thrifty shoppers have already made adjustments by leveraging flyers and on-line specials at various retailers. Choosing seasonal fruit and vegetables over exotic items from out of province can help tamp down prices.
Word in recent days that a Grocer Code of Conduct is on the way provides little in the way of consolation. It would be a rare moment that price-fixing legislation would actually benefit shoppers. Instead, such efforts likely just make room for other practices that will take up the slack.
This time of year, we encourage those with plenty to help those who are struggling. Local food banks always need support.
Canadians are feeling the pinch.
