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 […]
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 […]
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 […]
Canada is currently experiencing its highest rate of inflation in three decades, but somehow milk prices are finding a way to rise even faster. As of January 2022, inflation in Canada sits around 5.1 per cent after breaking the five per cent barrier for the first time in 30 years. However, as predicted by the […]
One rather inevitable effect of the strains on the food industry has been rising costs and higher menu prices, and the consequences have been spectacular. Amid a landscape of stretched supply chains, climate change, a labour crunch, and other factors, restaurants have been raising their menu prices to offset the resulting unprecedented spike in food […]
The pandemic has already raised costs in foodservice and beyond, wreaking havoc on supply chains and food availability. And Canadians are about to start paying a whole lot more for food, according to Canada’s Food Price Report 2022. The guide, released on December 9, is published annually by researchers with Dalhousie University, the University of Guelph, […]
The Canadian Dairy Commission (CDC) announced on Friday, October 29 an unprecedented 8.4 per cent increase in milk prices. The increase, which equates to six cents per litre, affects the cost of milk used to make dairy products for the retail and restaurant sectors effective February 1, 2022. However, the impact will actually be far […]
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 […]
