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Tag Archives inflation — page 3

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Canadian food inflation to slow through 2024, report says

More certainty has brought an uptick in grocer promotions, but consumers are struggling

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Canadian food prices are expected to rise between 2.5 and 4.5 per cent in 2024, according to a new report. “It is probable that Canadians will continue to experience the strain of food inflation compounded by increasing costs of housing, energy and various other expenditures,” according to Canada’s Food Price Report 2024.
Some consumers are becoming angry and frustrated about high food prices, and they’re looking for someone to blame.
News

Editorial: Concern over grocery prices no joke

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The issue of soaring grocery prices was the subject of a hilarious skit on the Canadian comedy television show This Hour has 22 Minutes earlier this month. In the skit, a woman is seen going up to a cash register at a grocery store with a basketful of ingredients for a charcuterie board, which she […] Read more
The rising cost of food is a concern for consumers, and they don’t necessarily have a good understanding of what is causing the increase.
News

Canadians trust farmers despite high food costs — for now

How farmers have maintained, and could risk, public trust

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Rising food prices have been drawing the ire of the Canadian public, but the bulk of that frustration and anger is not directed at farmers. Not yet, at least. Food retailers are viewed unfavourably, but farmers remain one of the most trusted demographics in the food system. That trust is at risk. Why it matters: […] Read more
(Noel Hendrickson/DigitalVision/Getty Images)
Livestock

Farmgate milk price hike delayed to May

Stakeholders say increase should be postponed amid food inflation concerns

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The farmgate price of milk will go up May 1, 2024, rather than Feb. 1, after a review of the national pricing formula and consultation with stakeholders. The increase will be 1.77 per cent, or about 1.5 cents per litre for milk going into processing plants, the Canadian Dairy Commission said Wednesday. The commission had […] Read more
'…for Canadians living in remote northern communities, food affordability has been a crisis for decades.'
News

Comment: How the food subsidy system is failing northern Canada

Grocery retailers are benefiting from food subsidies and that’s a problem

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Soaring food prices, growing profit margins and record-high profits in the food industry have severely impacted the lives of many Canadians. According to Innovation, Science and Industry Minister François-Philippe Champagne, Canada’s largest grocery chains recently agreed to work with the federal government to stabilize prices. But for Canadians living in remote northern communities, food affordability […] Read more
‘Faced with consumer backlash over the rising cost of food, it’s no surprise that politicians feel pressured to do something.’ – Kristy Nudds.
News

Editorial: Food and politics don’t mix

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I admit that I snickered a little at the prime ministers’ ultimatum to Canadian grocers last month, demanding they find a way to stabilize grocery prices. Faced with consumer backlash over the rising cost of food, it’s no surprise that politicians feel pressured to do something. But the prime minister’s demand shows us that politicians […] Read more
(FatCamera/E+/Getty Images Canada)
Markets

Major grocery chains agree to help stabilize prices, feds say

Any moves must not undercut farmgate prices, government warns

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Ottawa | Reuters — Canada’s five major grocery chains have agreed to help the government in its bid to stabilize soaring prices, a senior minister said on Monday, following talks to address an issue that is hurting the ruling Liberals. Innovation Minister Francois-Philippe Champagne made the announcement after two hours of what he said were […] Read more
File photo of the produce section at a Canadian grocery store. (FatCamera/E+/Getty Images)
Markets

Trudeau summons top grocers over rising food prices

Major grocers' level of profit 'does not make sense,' PM says

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Ottawa | Reuters — Prime Minister Justin Trudeau on Thursday said he had summoned the country’s top grocers to help find solution to the surging food prices and vowed to cut federal taxes on new rental buildings, as he fights an affordability crisis that has dented his party’s opinion poll ratings. After meeting with Liberal […] Read more

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