- The newest of Canada's Food Price Report has been released and it shows that overfall food prices in Quebec will be raising quite a bit in the upcoming year.
- MTL Blog has constructed a list of the most essential food items that will be rising in cost in 2020 to help mentally prepare people for their grocery lists to get a lot more expensive...
- Find out the reasons behind the expected rise in grocery prices in Quebec below.
The 10th edition of Canada's Food Price Report was released this week and revealed that the average price of groceries is skyrocketing in 2020. The forecast suggests that families, on average, will be spending upwards of $487 more for groceries than this year. Overall food prices will increase by two percent to four percent. Yearly household expenditures are forecasted to be $12,667 - up from this year's $12,157 per household.
The report, published by Dalhousie University and the University of Guelph, notes that increased economic uncertainty and climate change are perhaps the most important factors of why food prices are increasing.
Because of these factors, the average food inflation rate outpaces last year by 2.5%. Quebec will feel the effects of the average food price increase and will see a marked difference in the price of food in 2020 - specifically with meat, seafood, and vegetables.
On a global scale, climate change and geopolitical conflicts, though highly variable, will have the most effects on food prices in the coming year. As the United Nations Intergovernmental Panel on Climate Change (IPCC) states that global agriculture is vulnerable to climate change, Canadians will begin to feel the effects on their wallets as early as 2020.
Here's a complete list of everything food-related that will be more expensive in 2020.
Fruits & Vegetables© Adam Melnyk | Dreamstime.com
These two food groups will see drastic price increases in 2020 and beyond. Fruit prices are anticipated to increase by 1.5% to 3% in 2020. For instance, if the price of two pounds of apples is $3.98 in 2019, that price would increase by nearly 12-cents with a 3% increase in 2020.
Vegetables are set to see a 2% to 4% price increase in 2020. For example, if a 10-pound bag of potatoes costs $6.95, a 4% price increase makes that same bag cost $7.22.
These two food groups are predicted to be among the most affected by climate change. In 2019, there was an increase in E.Coli and droughts across California affected some staple crops.
Seafood© Ilfede | Dreamstime.com
Lovers of les fruits de mer will see a 2% to 4% price increase at the grocery store in 2020. For example, if 800 grams of Atlantic salmon costs $22.91, a 4% price increase will make that salmon cost $23.83.
According to the report, seafood is the world's fastest-growing protein category, yet production problems and ecological dangers are greatly affecting seafood prices. The report states that Canada has a unique opportunity to develop healthy seafood stocks to make the price more affordable.
Meat protein such as beef, pork, and chicken will see the highest price increase in 2020. Projections claim that meat will see a 4% to 6% price increase. For instance, if 1200 grams of ground beef costs $18.23 today, in 2020 it could cost $19.32 with a 6% increase - a whole dollar ten cents more.
It's said that 10% of the country's greenhouse gas emissions are created from crop and livestock production, so it stands to reason that carbon taxes and ambitious goals to fight climate change heavily affect the price of meat.
Similar to why the price of meat is increasing, the price of dairy will increase as well. Not as drastically, however. Dairy is projected to see a 1% to 3% price increase overall. 4-litres of milk that costs $6.58 today will cost $6.77 in 2020.
As expected, the food price at restaurants is also set to increase by a noticeable margin in 2020. Montrealers pay attention because our love of going out to eat will cost us 2% to 4% more next year.
What does this all mean for you? Be prepared to spend more than you're used to at the grocery store next year. Even if prices won't increase by such high margins as predicted, the future holds much uncertainty for Canadian consumers.
For more information, please read the full Canada Food Price Report 2020.