There is no relief on the horizon for restaurants, their patrons, or grocery shoppers amid continuing high inflation and rising food prices. Statistics Canada has released its latest look at how prices have changed on a year-over-year basis, comparing March 2022 and March 2021, and it does not make for light reading. We already know […]
The pandemic has already raised costs in foodservice and beyond, wreaking havoc on supply chains and food availability. And Canadians are about to start paying a whole lot more for food, according to Canada’s Food Price Report 2022. The guide, released on December 9, is published annually by researchers with Dalhousie University, the University of Guelph, […]
The Canadian Dairy Commission (CDC) announced on Friday, October 29 an unprecedented 8.4 per cent increase in milk prices. The increase, which equates to six cents per litre, affects the cost of milk used to make dairy products for the retail and restaurant sectors effective February 1, 2022. However, the impact will actually be far […]
During the COVID-19 pandemic, running smooth restaurant operations has become harder than ever. Thankfully, some surefire tips can help.
This year’s Canada’s Food Price Report forecasts an overall food price increase of 3 to 5 per cent for 2021.
By Eileen Campbell In your operation, food cost is likely one of the highest expenses along with labour, rent and overheads. Even the slightest cost increase can “eat” into your profits. Food cost percentage is a management tool to identify potential problems by comparing changes from one week to the next and should be calculated each accounting […]
By Hugh Johnston With food inflation at a troubling 3.9 per cent year-over-year in the third quarter of 2015, operators have more reason than ever to be concerned about rising food costs. Leading the way were beef (up 12 per cent), fresh vegetables (up 11.5 per cent) and pasta (up 10.5 per cent). If you […]
By Jordan Knox Restaurateurs may have started seeing a trend of food costs rising and profit margins shrinking, which puts an increased focus on managing the controllable costs as much as possible. Many costs associated with owning a business are fixed: rent, utilities and to some extent, staffing. The one intangible that can make or […]
By Diane Chiasson Rising food costs are always a big concern for the restaurant and foodservice industry, especially over the past few years, when food costs are increasing at a high rate. As of late, we have seen drastic hikes in the cost of beef, chicken, pork and coffee. Food prices are one of the […]