There is still no let-up when it comes to higher prices in restaurants, retail, and every corner of life, as the Canadian inflation rate has hit 7.7 per cent — its highest point since 1983. Canada’s inflation rate rose at its fastest pace in almost four decades years in the year up to May, found […]
Restaurants and consumers are about to take another hit on dairy as the Canadian Dairy Commission (CDC) has recommended an increase in farm gate milk prices. Dairy Farmers of Canada had asked the CDC to review the price that farmers get for their milk due to the current decades-high inflation. The CDC agreed to review […]
Canadians are still showing high demand for cheese and related products despite an unprecedented rise in the cost of dairy goods. Over the decade between 2010 and 2020, Canadian cheese consumption increased by 15 per cent, according to Statista data reported by Canadian Grocer. Statista has noticed significant gains in the time since 2020, too, […]
Dairy Farmers of Canada (DFC) has requested a rare mid-year milk price hike due to inflation, an increase which would mark the second jump in dairy prices this year. Canadian dairy farmers are battling never-before-seen price increases on goods and services they need to produce milk, DFC said in a statement Thursday. This request comes […]
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 […]
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 […]
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 […]
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 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 […]
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 […]
