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“For the average family of four, we’re expecting them to spend about $1,000 more next year to buy the exact same amount of food,” said Dr. Sylvain Charlebois, professor and senior director of the Agri-Food Analytics Lab at Dalhousie University.
The report’s previous projections for 2025 proved largely accurate. Last year, it forecast overall food prices would climb between three and five per cent. According to the latest Consumer Price Index data, grocery prices rose four per cent, landing squarely in that range.