As Canada’s food costs continue to rise with no end in sight and rumours of an impending recession, consumers are looking at ways to best stretch their dollars. In the last 12 months, three out of four Canadians have changed the way they buy food to try and offset the increased costs. The recently […]
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 […]
The pain of the height of the pandemic may be behind us, but the trauma continues for foodservice. U.S. restaurant operators are getting less and less confident about the future of the industry, according to new data from the National Restaurant Association. A new survey from the association found that nearly half (46 per cent) […]
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 […]
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 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 […]
Nearly half of Canadian restaurants are struggling to stay afloat and fear they will not even make it to fall. According to Alignable’s Small Business Revenue Report, 47 per cent of Canadian SMBs say they are at risk of closing by the fall due to multiple persistent pressures including inflation, labour struggles, and a stretched […]
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 […]
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 […]
