Canadians should brace for the biggest surge in food prices in more than decade
… Climate change, extreme weather like the B.C. flooding, labour shortages, food transportation challenges and last but certainly not least — inflation.
Canada’s Food Price Report 2022, out this morning, warns that Canadians can expect to pay even more for food next year.
It forecasts that food prices will surge between 5% and 7% in 2022, the highest predicted increase since the report started 12 years ago. (For perspective, the report’s 2021 forecast was a 3% to 5% increase, which it says proved accurate.)
