Four in five Canadians are concerned about the growing cost of groceries, at a time when food prices spiked as the annual inflation rate hit a two-year high in November.
Food price tags rose by an annualized rate of 4.7 percent in November, compared to the same time last year. In response, 81 percent of Canadians surveyed by Abacus Data are now concerned with ever-growing food prices, rising well above the average rate of inflation in the last couple of decades. The cost of meat, especially poultry and beef—main staples in the average Canadian’s protein diet— is leading the way.
