
Expect to pay around $700 more for groceries in 2021: report
LETHBRIDGE, AB – While some remain cautiously optimistic for a better 2021, your wallet won’t like what is coming when it comes to grocery expenses.
The 2021 Canada’s Food Price Report has been released, conducted by the Universities of Dalhousie, Guelph, Saskatchewan, and B.C.
It projects that, overall, food prices across the country will rise between three-to-five per cent in the new year. Throughout 2020, they report that the cost of groceries went up an average of 2.7 per cent.
The figure for the new year means that families with two adults and two children could pay around $695 more for the same grocery-bought food to an average of $13,907.