09 June 2016
The average Canadian household will spend $8,631 on food, $2,416 of which will be outside the household (at restaurants), meaning that Canadian consumers will spend $345 more on food in 2016.
In 2014, the Food Institute of the University of Guelph, Canada predicted that overall food prices in 2015 would rise by up to 3%. As stated in a revised report published in February 2015, this prediction was based on a much stronger Canadian dollar vs the American currency. However, fruit, nut and vegetable price inflation rates rose at a much higher rate than expected due to a much weaker Canadian dollar. Some products embedded in other food categories like pasta in grains and other processed foods also pushed prices higher than anticipated. For 2016, the Food Institute is forecasting food inflation rates across Canada to be anywhere between 2-4%.