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 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 […]
Even aside from the direct pain and trauma caused in Ukraine, the Russian invasion is having serious impacts across the world, including on the food production and foodservice industries. With inflation already at its highest rate in decades in Canada and food inflation soaring, wheat is the latest staple ingredient to surge. Ukraine is one […]
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 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 […]
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.
