Prices of grocery items are upward bound and a new report from researchers at the University of Guelph and Dalhousie University have concluded that the average Canadian family will pay about $400 more for groceries and roughly $150 more for dining out next year.
Vegetables will see the biggest price jumps — between four and six per cent for the category, according to the report.
Meanwhile, meat and seafood prices are expected to fall, with the meat category to decline by one to three per cent and seafood costs to remain the same or fall up to two per cent.
Since 2015, the team has predicted prices in those two categories would rise as high as six per cent each year.
Canadians are eating less animal protein and are seeking protein from lentils and quinoa, which makes it all the more likely there will be a spike in prices.
Industry watchers have attributed the demand for plant-based protein to millennials, health-conscious baby boomers and concerns around antibiotic use in agriculture.
The report predicts more modest increases for bakery (one to three per cent), dairy (zero to two per cent), fruit (one to three per cent) and other food items, such as non-perishables, not covered by the other categories (zero to two per cent).
Meanwhile expect to pay more to eat out as the price of food items rise along with labour costs. -CINEWS