Local shoppers worry as food costs expected to climb by 7 per cent in 2023
Local shoppers worry as food costs expected to climb by 7 per cent in 2023
Local food experts are calling it unprecedented times as food prices are expected rise by up to seven per cent in 2023.
According to the newest Canada Food Price Report, groceries are expected to cost the average family of four $1,000 more next year – a five to seven per cent increase. This comes after food prices jumped nearly ten per cent in 2022.
“We havent seen food prices increase this much in almost 40 years so it's not really great news,” said Simon Somogyi, Arrell Chair in the Business of Food at the University of Guelph.
The good news, according to Somogyi, is the second part of 2023 could be calmer.
“We are expecting an economic downturn and typically what happens, we see food prices start to fall off a little bit and we are also expecting grocers to offer more deals in 2023 compared to this year,” he said.
But that doesn’t bring comfort to some shoppers CTV spoke to who said staying within budget is already a challenge.
“We do budget. We don’t always stick to it. We’d like to. But we don’t always,” said one shopper.
Experts suggest comparing flyers, price checking with cashiers to lower costs, or shopping online and picking-up curbside to avoid impulse buys. Another tip: don’t shop hungry.
“I just really monitor, like if things are on sale, I'll buy it in bulk and freeze it, instead of just buying whatever like I used to, so I am much more picky and choosey,” suggested one shopper.
Multiple factors could influence food prices next year, including climate change, geopolitical conflicts, rising energy costs and the lingering effects of COVID-19, the report said.
The federal government is pledging to increase health funding to Canada's provinces and territories by $196.1 billion over the next 10 years, in a long-awaited deal aimed at addressing Canada's crumbling health-care systems with $46.2 billion in new funding.
After raising interest rates eight consecutive times, Bank of Canada Governor Tiff Macklem told an audience in Quebec City on Tuesday that inflation is showing signs of 'turning the corner' and that the coming year 'will be different.'
Residents digging through a collapsed building in a northwest Syrian town discovered a crying infant whose mother appears to have given birth to her while buried underneath the rubble from this week's devastating earthquake, relatives and a doctor said Tuesday.
An Ontario man is being accused of changing his name, profession and life story multiple times to potentially more than 100 women online before leaving some out thousands of dollars, a CTV News Toronto investigation has found.
Canadians now believe they need $1.7 million in savings in order to retire, a 20 per cent increase from 2020, according to a new BMO survey. The eye-watering figure is the largest sum since BMO first started surveying Canadians about their retirement expectations 13 years ago.
Three men who disappeared after planning to rap at a Detroit party were killed by multiple gunshots, police said Tuesday, five days after their bodies were found in a vacant, rat-infested building.
A report from British Columbia's coroner says a prominent anti-vaccine and COVID critic died in 2021 of a drug overdose, although he also tested positive for the illness post-mortem.
Germany, Denmark and the Netherlands announced Tuesday that they plan to provide Ukraine with at least 100 refurbished Leopard 1 battle tanks, a pledge that comes as Kyiv anticipates a new Russian offensive around the anniversary of its invasion.
London police are searching for three suspects who allegedly broke into a home in the downtown core on Monday and assaulted an occupant with a baseball bat, before stealing cash and drugs.
Multiple robbery, weapons and drug charges have been laid against a man and a woman who police allege robbed a Walmart in Goderich last month, according to Huron County OPP.
The federal government is pledging to increase health funding to Canada's provinces and territories by $196.1 billion over the next 10 years, in a long-awaited deal aimed at addressing Canada's crumbling health-care systems with $46.2 billion in new funding.
Two people have died in a serious single-vehicle crash in Kingsville, a third person was injured and transported to hospital with non-life-threatening injuries.
The federal government is pledging to increase health funding to Canada's provinces and territories by $196.1 billion over the next 10 years, in a long-awaited deal aimed at addressing Canada's crumbling health-care systems with $46.2 billion in new funding.
Windsor police say one person has been arrested and they are looking for another suspect after a man was beaten near downtown, resulting in life-threatening injuries.
An Ontario man is being accused of changing his name, profession and life story multiple times to potentially more than 100 women online before leaving some out thousands of dollars, a CTV News Toronto investigation has found.
The federal government is pledging to increase health funding to Canada's provinces and territories by $196.1 billion over the next 10 years, in a long-awaited deal aimed at addressing Canada's crumbling health-care systems with $46.2 billion in new funding.
There is a new sign of financial issues with an Ottawa construction company that suddenly closed, leaving customers with unfinished projects unable to recoup their losses.
An Ontario man is being accused of changing his name, profession and life story multiple times to potentially more than 100 women online before leaving some out thousands of dollars, a CTV News Toronto investigation has found.
Nearly five years after Matthew Staikos was gunned down in Toronto, the family of the tech CEO has renewed a $250,000 reward in the unsolved murder case.
The Laurier Macdonald High School in Montreal's Saint-Leonard borough was placed into lockdown Tuesday afternoon due to a threat, but Montreal police say they believe it appears to be unfounded.
The federal government is pledging to increase health funding to Canada's provinces and territories by $196.1 billion over the next 10 years, in a long-awaited deal aimed at addressing Canada's crumbling health-care systems with $46.2 billion in new funding.
A former medical student who claims he fatally shot a fellow student in self-defence during a drug deal in Halifax denied Tuesday he planned to kill the man and steal the marijuana he was carrying.
The federal government is pledging to increase health funding to Canada's provinces and territories by $196.1 billion over the next 10 years, in a long-awaited deal aimed at addressing Canada's crumbling health-care systems with $46.2 billion in new funding.
The federal government is pledging to increase health funding to Canada's provinces and territories by $196.1 billion over the next 10 years, in a long-awaited deal aimed at addressing Canada's crumbling health-care systems with $46.2 billion in new funding.
The Tsuut'ina Police Service, which serves a community west of Calgary, says it has spoken with more victims of former Dances With Wolves actor Nathan Chasing Horse and additional charges will be laid against him in the coming days.
The federal government is pledging to increase health funding to Canada's provinces and territories by $196.1 billion over the next 10 years, in a long-awaited deal aimed at addressing Canada's crumbling health-care systems with $46.2 billion in new funding.
A passenger plane packed with donations and emergency supplies is set to travel from Vancouver, B.C., to Istanbul on Tuesday, as the death toll from Monday’s 7.8 magnitude earthquake in Turkiye and Syria surpasses 6,200.
A report from British Columbia's coroner says a prominent anti-vaccine and COVID critic died in 2021 of a drug overdose, although he also tested positive for the illness post-mortem.
The federal government is pledging to increase health funding to Canada's provinces and territories by $196.1 billion over the next 10 years, in a long-awaited deal aimed at addressing Canada's crumbling health-care systems with $46.2 billion in new funding.
