Why Canadians can expect to pay $411 more on average for groceries in 2019
Canadians can expect to pay more for their veggies in 2019, but they’ll be forking over fewer dollars at the meat and fish counters.
That’s one of the findings from Canada’s Food Price Report for 2019. The report was released Tuesday and forecasts what Canadians are likely to pay for their food in the coming year.
A collaboration between Dalhousie University and the University of Guelph, this marks the first tim in the report’s nineyear history that meat and seafood prices are forecast to drop.
The report’s authors suggest the dip in meat prices is due in part to a forecasted and continued decline in demand. They also “strongly believe” meat prices will “spiral downwards” until 2020 as consumers continue to reduce or eliminate their meat consumption.
“Since we’re in Nova Scotia, I think that 2019 is a year of opportunity,” said Dalhousie University Prof. Sylvain Charlebois, one of the report’s authors. “There’s going o be a lot of conumers out there looking for alternative sources of protein, and we are expecting fish and seafood to attract more consumers by offering affordable prices.”
For the first time in its nine-year history, Canada’s Food Price Report 2019 forecasts that meat and seafood prices will drop next year.