Food prices to jump 2-4% in 2020, researchers estimate
The average Canadian family will spend up to $487 more on groceries and at restaurants in 2020. This comes after a new report conducted by researchers at Dalhousie University and the University of Guelph.
Meat is expected to see the biggest hike with an anticipated six per cent rise in cost. Seafood, vegetables and food sold at restaurants are anticipated to see a two to four per cent increase.
The report claims climate change and global trade instability are among possible factors for the price hike.