Food, friends and family, three of the holiday cornerstones. Though, with the rising costs in the grocery store, one of those cornerstones is getting a bit pricey.
A report from the University of Dalhousie predicts overall food prices will rise between three to five per cent in 2025.
“Although there was a downward trend in inflation, Canadians are still pinching pennies,” according to the report. “In April, Statistics Canada reported that in 2023, 22.9% of people in the ten provinces lived in a food-insecure household.
“That means 8.7 million people, including 2.1 million children, struggle to afford the food they need.”
The price of meat is expected to rise even higher, with an anticipated increase of four to six per cent in cost.
“There’s not a lot of costs that you can often control, your mortgage or your rent stays the same, it’s …