According to experts, there’s no end in sight for food inflation

Food inflation continues to weigh on restaurants and consumers. We have watched food costs reach record-breaking levels in this last year and experts predict that it will continue beyond 2023, offering elevated numbers into 2025. Current inflation has surpassed previously predicted numbers for 2023, reaching 10.6 per cent in February year over year, significantly above […]

Shrinkflation hits restaurant diners in Canada

We’ve certainly heard a lot about inflation in the news lately, but how is “shrinkflation” affecting the foodservice industry? According to Sylvain Charlebois, professor at Dalhousie University, shrinkflation is when a food manufacturer reduces the quantities its producing, but sells the product for the same price. Because this practice is increasing, the Canada Revenue Agency […]

2023 sees food prices rising even higher

As consumers and restaurants continue to struggle with record-high food prices, there’s no end in sight for Canadians. Even though the Bank of Canada has helped to lessen some of the causes of food inflation, but global factors like gas prices and the value of the Canadian dollar will play a part in what happens […]

How inflation has impacted Canadian Thanksgiving

The ever-increasing food prices are affecting Canadian households across the board, from grocery shopping to family celebrations. Going into Thanksgiving, Canadians were looking at this year’s holiday a little differently, with 88 per cent expecting to be impacted by inflation and 18 per cent expecting to spend less than last year. From turkey to sides, […]

Taking a closer look at rising food costs

Rising food costs have been in the news for months, with consumers, grocers, and restauranteurs continuing to feel the pinch. In an effort to combat the continued inflation and offset restaurant costs, U.S. menu prices jumped 7.6 per cent in July, just a slight decrease from June’s 40-year high. Though there has been a recent dip […]

Has restaurant food inflation finally peaked in Canada?

New Consumer Price Index data from Statistics Canada released August 16 reported that Canada’s inflation rate saw its first monthly decline in a year, and food inflation also appears to finally be tailing off. Inflation slowed to 7.6 per cent in July, largely driven by a decline in gas prices. The rate of change had […]

Which dishes, mealparts have seen the biggest price increases on Canadian menus?

Price increases, price increases, price increases. Those have been the words that have defined not just foodservice but life in general for Canadians over the last few months as the effects of decades-high inflation continue to be felt in every corner. On restaurant menus, everything from appetizers to entrees to sides to drinks has been […]

Canada’s annual food inflation rate at 8.8% in June

Canada’s inflation rate, which has been making unwanted headlines for months, has hit another high-water mark. In June 2022, the annual rate of inflation was 8.1 per cent compared to June 2021, its largest yearly change since January 1983. Food inflation continues to outpace that figure. That figure is up 0.4 per cent from the […]

Rising food prices: inflation or “greedflation”?

Food, whether it is in the grocery store or in a restaurant dining room, is significantly more expensive than it was a year ago. While general inflation, as well as the lasting impacts of COVID-19 and the conflict in Ukraine, have driven this trend, some are placing blame on grocery stores and other sellers for […]