Why cooking oil could cause surging menu prices

Restaurants are already grappling with numerous crises that are causing pressures on menu prices, from climate change to the lasting effects of COVID-19 to the devastating effects of the Russian invasion of Ukraine on food production. In recent months, cooking oil has been adding to the maelstrom. Global cooking oil prices have been rising since […]

US full-service menu prices see record inflation

Full-service menu prices in the U.S. rose 8.7 per cent in April year-over-year, according to the Bureau of Labor Statistics. That is the segment’s highest increase since data was first collected in 1997. Overall, the food away from home index rose 7.2 per cent year over year, while the price of quick-service products grew seven […]

In mid-spring 2022, where does Canadian foodservice stand?

By David Hopkins It’s difficult to believe it but we’re already more than a third of the way through 2022. Now, more than two years into the pandemic, Canadian foodservice businesses are continually facing challenges while also experiencing new successes and new innovations. Even as we’re only in the fifth month of the year, there […]

When it comes to food prices, the Canadian government’s hands are tied

By Michael von Massow The rhetoric around inflation and increasing food prices has become a point of emphasis for politicians, particularly for those in opposition to the incumbent government. Even pundits and non-profit organizations are pressuring the government into taking specific actions on food prices. This begs the question: Should governments take steps to reduce […]

Plant-based proteins still more expensive amid soaring cost of meat

Plant-based proteins have many benefits, not least an often comparatively reduced toll on the planet and the environment, but does their pricing limit their accessibility? A new report has found that plant-based proteins are still generally more expensive than meat products despite the soaring cost of much meat in recent months. The Agri-Food Analytics Lab at […]

Rise in food prices shows no sign of halting soon

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 […]

Gas prices are a new thing for restaurants to worry about

New reports have assessed the impacts of soaring gas prices in America on the cost of food and the levels of spending in restaurants. While the data focuses on the U.S. specifically, much of it can be applied to Canada, where the price of fuel has also jumped in recent months due to factors including […]

Prices are rising, but technology can help restaurants stay ahead

By Mo Chaar Canada’s inflation is at its highest level in over three decades and the price of food is skyrocketing, but this news does not mean that restaurants have to suffer. Technology has helped restaurants survive some of the most challenging times in recent history, and this time is no different. Restaurants can use […]

How much more expensive are food prices becoming in Canada?

We were warned, and now we’re seeing it happen. Food prices in Canadian grocery stores are soaring, and the trend only looks set to continue. Late in 2021, the annual Food Price Report predicted that Canadian food prices would likely increase by between five and seven per cent in 2022, which was the highest increase […]

Russian invasion of Ukraine fuelling food inflation in Canada

Even aside from the direct pain and trauma caused in Ukraine, the Russian invasion is having serious impacts across the world, including on the food production and foodservice industries. With inflation already at its highest rate in decades in Canada and food inflation soaring, wheat is the latest staple ingredient to surge. Ukraine is one […]