The Food and Agriculture Organization's (FAO) price index, which tracks the most globally traded food commodities, averaged 118.5 points in December, down 1.5 per cent from November and 10.1 per cent below December 2022 levels.
World food price index ends 2023 some ten per cent below 2022 levels
Cereal prices, vegetable oils slumped most over the year, FAO says
Opinion: Sticker shock on grocery profits hides truth
The total number doesn’t look at profit margins, which paint a clearer picture
Reading Time: 3 minutes When it comes to selecting the most significant non-scandal of 2023, the “greedflation” campaign is the absolute winner. Politicians, and even some knowledgeable economists, have convinced many that Canadian grocers have taken advantage of the recent inflationary cycle to profit unfairly. Despite compelling data and many reports pointing to the contrary, many Canadians remain convinced […] Read more
Report sees lower Canadian food inflation through end of 2024
Project lead Sylvain Charlebois sees return to inflation “sweet spot” by year-end
Reading Time: 3 minutes Canadian food prices are expected to rise between 2.5 and 4.5 per cent in 2024, according to a new report. “It is probable that Canadians will continue to experience the strain of food inflation compounded by increasing costs of housing, energy and various other expenditures,” says Canada’s Food Price Report 2024, an annual joint effort […] Read more
Canadian food inflation to slow through 2024, report says
More certainty has brought an uptick in grocer promotions, but consumers are struggling
Canadian food prices are expected to rise between 2.5 and 4.5 per cent in 2024, according to a new report.
“It is probable that Canadians will continue to experience the strain of food inflation compounded by increasing costs of housing, energy and various other expenditures,” according to Canada’s Food Price Report 2024.
Alberta leads national foodservice recovery
Wild rose province sees largest spike in sales in national survey
Reading Time: 2 minutes Alberta leads the country when it comes to increases in food service sales, with 7.3 per cent growth, according to a recent report from Farm Credit Canada. The report states that sales in 2023 are back to pre-pandemic levels but below the pre-pandemic trend in most cases. Alberta is followed by Ontario at 5.3 per […] Read more
Inflation saps joy of cooking for Canadians
Canadian price increases are lower than other jurisdictions but still a concern
Reading Time: 3 minutes Katie Clark cancelled her plans to cook Thanksgiving dinner this year because of rising food costs. The 32-year-old Toronto-based single mom says this isn’t the only way rising food costs have affected her over the last year. “It’s really affected what I make and how I cook, and it’s taken the joy out of it […] Read more
September world food price index little changed
Food prices seem to be finding new stability after Ukraine invasion sent them skyrocketing
Reading Time: 2 minutes The United Nations food agency’s world price index was largely stable in September, as declines in the indices for vegetable oils, dairy and meat offset a surge in sugar and maize prices. The Food and Agriculture Organization’s (FAO) price index, which tracks the most globally traded food commodities, averaged 121.5 points last month against a […] Read more
Anxiety over cost of food on the rise: CCFI
Food companies increasingly blamed for prices; farmers seen as highly trustworthy
When asked which life issues they were most concerned about, 54 per cent flagged the cost of food as a top concern—up from 51 per cent last year, the report said.
Federal NDP ag critic to handle food inflation file
Mini-shuffle follows new critic portfolio
Canada’s federal New Democrats have appointed their critic for agriculture and agri-food to a new point position on a major issue for the fourth-ranked opposition party. After the House of Commons resumed sitting last Monday (Jan. 30), NDP leader Jagmeet Singh on Friday named Alistair MacGregor, MP for the Vancouver Island riding of Cowichan-Malahat-Langford, to […] Read more
Op/Ed: The consequences from food inflation can last a generation
There’s no room for compromise when it comes to ensuring our children have proper nutrition
Reading Time: 3 minutes Recent high food price inflation has plagued many Canadian families, especially those on tight budgets. Statistics Canada reported in October that in-store food prices increased at a faster rate than the all-items Consumer Price Index for the 11th month in a row. The Ontario Student Nutrition Program, which feeds 28,000 students, reports that a breakfast […] Read more
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