Canada’s Food Price Report for 2020 forecasts a 2-4% increase in food prices in the new year, bringing the predicted annual cost of food for the average Canadian family to $12,667 — an increase of $487 over 2019.
This is the 10th edition of Canada’s Food Price Report, which is released annually by Dalhousie University and the University of Guelph.
“Canadians deserve to know more about price changes in the food they consume and how those changes will impact them,” shares Dalhousie researcher Eamonn McGuinty. “This year, the Report reiterates the key headlines impacting food prices for Canadians: climate change, geopolitical conflicts, single-use plastic packaging, the effect of increasingly protectionist trade environments on Canada’s exports, disease outbreaks, and the ongoing technological disruption of the supply chain giving rise to more customizable and tailored food options.”
The predictions are made using historical data sources, machine learning algorithms, and predictive analytics tools. Learn more on the Dalhousie University website here.