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What can Canadians expect from food prices in 2024? [Video]

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Canadian Economy and Markets

What can Canadians expect from food prices in 2024?

Canadian families may see a hike in food prices this year, but experts predict that the increase will be lower than previous years.

Based on the Consumer Price Index (CPI), Director of Agri-Food Analytics Lab Sylvain Charlebois forecasts a 2.5 per cent to 3 per cent increase.

However, rising inflation remains challenging for some families, with nearly two million food bank visits last year.

Global’s Tricia Mason explains.

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