Last updated on December 10, 2021
Food prices have risen of late in this country, and a new study suggests the official data is underestimating the increase.
A new research from Dalhousie University’s Agri-Food Analytics Lab published Wednesday shows the food inflation rate in Canada is closer to five per cent.
In partnership with consumer insights startup Caddle, the Dalhousie lab surveyed 10,000 Canadians over the summer to determine how consumers are responding to rising grocery bills.
Nearly half of Canadians (49%) said they have reduced their purchases of meat products over the past six months due to higher prices. In Alberta, a majority of consumers (57%) acknowledged cutting back on meat since the start of this year.