Even with fierce competition and widespread discounting in the grocery business, forecasts are for a big jump grocery bills next year.
Food prices are expected to rise by as much as five per cent in 2017 according to a new study by Dalhousie University. This above what is considered normal food-inflation of between one and two percent.
Put into dollars and cents, the average Canadian family’s food expenses could jump as much as $420, on a total bill of roughly $9,000, including restaurant meals.
And this even though the cost of groceries has been dropping the past several months as the likes of Wal-Mart and Costco lower prices.
To blame will be the continuing weakness in the Canadian dollar upping the prices of imported foods, especially fruits and vegetables, and also the probability of fewer farm workers in the U.S. if President-elect Donald Trump makes good on his threat to rid the U.S. of illegal Mexican farm labourers.