Food prices projected to rise in 2024, but less than previous years
Overall food prices will increase between 2.5 to 4.5 per cent in 2024, according to the 14th edition of Canada’s Food Price Report.
Overall food prices will increase between 2.5 to 4.5 per cent in 2024, according to the 14th edition of Canada’s Food Price Report.
Overall food prices will increase between 2.5 to 4.5 per cent in 2024, according to the 14th edition of Canada’s Food Price Report released today. This is compared to an average of 5.9 per cent in 2023 and 10.3 per cent in 2022.
The report, which examines the impact of food inflation on Canadians and possible reasons for food price inflation trends, is an annual collaboration between researchers at the University of British Columbia, Dalhousie University, the University of Guelph and the University of Saskatchewan.
Key findings:
The full report can be found here.
Contributing researchers from UBC are available to comment on the report’s findings:
Dr. Richard Barichello
Professor, Food and Resource Economics
Email: rick.barichello@ubc.ca
Tel: 604-822-3473
Interview language: English
Dr. Matias Margulis
Associate professor, Food and Resource Economics, and School of Public Policy and Global Affairs
Email: matias.margulis@ubc.ca
Tel: 604-822-5783
Interview language: English
Dr. Kelleen Wiseman
Academic director, Food and Resource Economics
Email: kelleen.wiseman@ubc.ca
Tel: 604-789-2427
Interview language: English
*Unavailable for interviews until 1 p.m. PST on Dec. 7