Business

2024 Canadian Food Prices Predicted to Rise 2.5 to 4.5 Per cent

2024 Canadian Food Prices Predicted to Rise 2.5 to 4.5 Per cent

The Canada’s Food Price Report 2024 forecasts overall food prices will increase by 2.5 to 4.5 per cent, a Dec. 7 news release said. The average family of four will spend $16,297.20 on food in 2024, up $701.79 from last year. The most significant increases range from five to seven per cent for bakery, meat and vegetable items.

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