Cost of fruit, vegetables expected to rise
imported, making them more susceptible to the loonie’s fluctuations.
“It really boils down to the dollar,” said Kevin Grier, an agriculture and food market analyst.
Last year, fruits and veggies jumped in price between 9.1 and 10.1 per cent, according to an annual report by the Food Institute at the University of Guelph. The study predicts these foods will continue to increase above inflation this year, by up to 4.5 per cent for some items.
Sylvain Charlebois, the
report’s lead author, said for every U.S. cent the dollar drops, foods that are imported likely increase one per cent or more.
In November 2011, one kilogram of apples cost an average of $3.35 in Canada, according to Statistics Canada. Four years later, the same amount cost $4.12. While the increases have dealt a blow to everyone’s wallet, they have a more pronounced effect on Canadians living on a tight budget or in remote regions, where fresh fruit and vegetables are more expensive.
A customer hands over a basket of broccoli to a merchant at the Jean Talon Market Monday in Montreal.