An average family of four will spend up to $16,288 on food in 2023.
British Columbians should expect to fork out hundreds of dollars more on food next year, as inflationary pressures continue to tax consumers' wallets, according to the 2023 Canada’s Food Price Report.
“Canada also saw the highest rate of food inflation since the 1980s — a 40-year high. Adverse climate events, rising geopolitical tensions, high oil prices, and a falling Canadian dollar all contribute to retail food prices,” stated the experts. Costs vary depending on sex and age of a person. A boy aged 14 to 18 years old incurred costs of $4,349.69 in 2022, more than any other demographic. Parents can expect to now pay just over $300 more, or $4,654.17 total, for their son. A girl the same age will cost $3,867.62. Pregnant and nursing women will also feel greater price shock at the grocer’s check stand, with cost rising close to $300 next year.
As for other reasons, supply chain disruptions leading to “shelflation” may be a factor, as 63 per cent of Canadians noted that they had to throw away food prematurely at least once in six months, according to a survey by AgriFood Analytics Lab.
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