An average family of four will be paying approximately $1,000 more for groceries in 2023 as food inflation continues to push prices higher albeit at a slower pace than what was witnessed last year, a new report warns.
Canada’s Food Price Report, which is compiled by researchers at Dalhousie University, the University of Guelph, the University of Saskatchewan, and the University of British Columbia, suggests that food prices will rise by another five to seven per cent in 2023 after increasing by more than 10 per cent in 2022.
