Menu prices at restaurants in Canada were 3.1 per cent higher in July 2021 than they were a year ago, reports Restaurants Canada. This represents the largest increase since January 2019, and is over three times the magnitude of the rise in food prices at grocery stores, which climbed by 1.0 per cent. Since January […]
New Black Box Intelligence data shows that full-service restaurant (FSR) tickets in the U.S. grew by nearly 20 per cent on a two-year basis as of Q2 2021. The restaurant backdrop improved last quarter as the economy reopened and vaccines increased consumer confidence, helping FSR transactions grow compared to Q1. This has contributed to the latest figures, which were also spurred by higher menu pricing brought in by many restaurants to offset […]
Canadian grocery and food prices are slowly but surely rising in recent times, and one expert cites not just the pandemic but rising production costs and the toll of climate change as reasons why. “For the longest time, the last 12 months or so, we were able to import our way out of food inflation […]
Canadian consumers are ready to keep supporting restaurants, but managing your margins and elevating guest experience are musts. By Tom Nightingale Canadian foodservice and hospitality is finally getting on the road to healing the deep wounds of COVID-19. On July 16, indoor dining reopens in Ontario for the first time since Easter weekend, a landmark […]
This year’s Canada’s Food Price Report forecasts an overall food price increase of 3 to 5 per cent for 2021.
La Niña and convenience will drive food expenditure increases for Canadians Press release The annual food expenditure for a family of four is expected to rise by $348 to a total of $11,948 in 2018, according to Canada’s Food Price Report 2018. The 8th edition was jointly released today by Dalhousie University and the University of Guelph. “Canadians want to know what will […]