Wednesday, December 13, 2017

Food prices outlook released

Retail food prices will rise by one to three per cent next year, says a research team from the University of Guelph and Sylvain Charlebois of Dalhousie University in Nova Scotia.

Charlebois, an agricultural economist who moved from Guelph to Dalhousie a couple of years ago, says prices could rise more if the three big Canadian supermarket chains decide to end discounting that began in September last year.

The economists predict that dairy, meat, seafood and baked goods prices will rise by about two per cent,  fruit and nuts by one to three per cent and fresh vegetables by four to six per cent.

They also predict bigger price increases for restaurant meals and for home deliveries.