{"id":13246,"date":"2022-12-06T14:20:11","date_gmt":"2022-12-06T14:20:11","guid":{"rendered":"https:\/\/ambassadornews.org\/?p=13246"},"modified":"2022-12-06T14:20:17","modified_gmt":"2022-12-06T14:20:17","slug":"hoping-for-a-break-on-your-grocery-bill-next-year-dont-bank-on-it-new-report-suggests%ef%bf%bc%ef%bf%bc","status":"publish","type":"post","link":"https:\/\/ambassadornews.org\/en\/hoping-for-a-break-on-your-grocery-bill-next-year-dont-bank-on-it-new-report-suggests%ef%bf%bc%ef%bf%bc\/","title":{"rendered":"Hoping for a break on your grocery bill next year? Don\u2019t bank on it, new report suggests\ufffc\ufffc"},"content":{"rendered":"\n

Annual Food Price Report predicts typical family grocery bill will top $16,000 in 2023<\/p>\n\n\n\n

Anyone hoping for a break on sky-high grocery bills should brace themselves for a shock in 2023, as the typical family’s food bill for the year is predicted to go up by more than $1,000<\/p>\n\n\n\n

That’s one of the main takeaways of the 2023 Food Price Report, an annual publication by Canadian researchers\u00a0that looks at factors across the supply chain to attempt to\u00a0predict\u00a0what the cost of putting food on the table will be<\/p>\n\n\n\n

Last year, the report predicted\u00a0(new window)<\/a>\u00a0that a typical family of four\u00a0would would spend more than\u00a0$14,000 to feed themselves for the year \u2014 an increase of $966 from the previous year’s level and the biggest one-year jump in the 12-year history of the report<\/p>\n\n\n\n

Last year we were predicting prices to go up by as much as seven\u00a0per cent\u00a0and many, many claimed that\u00a0those\u00a0predictions were alarmist,<\/q>\u00a0said Sylvain Charlebois, a professor of food nutrition at Dalhousie University, who headed up the research teamYet here we are at 10\u00a0per cent<\/q><\/p>\n\n\n\n

While Canada’s overall inflation rate\u00a0topped out at eight per cent\u00a0(new window)<\/a>\u00a0this summer, food prices went well beyond that pace, clocking in at a 10.1 per cent annual gain as of the end of October<\/p>\n\n\n\n

It’s why instead of the $14,767 annual grocery bill forecast\u00a0a year ago, the typical yearly receipt\u00a0came in at\u00a0$15,222.80 for 2022. That means last year’s\u00a0alarmist<\/q>\u00a0report was\u00a0actually undershooting how things would play out by more than $400<\/p>\n\n\n\n

Same issues persist<\/h2>\n\n\n\n

If those numbers are hard to swallow, prepare yourself for an upset stomach because all the factors that caused food bills to spike last year are expected to stick around into 2023. Charlebois and his fellow researchers say the typical grocery bill is on track to go up by another $1,065 from this year’s record high level<\/p>\n\n\n\n

There’s absolutely no safe place at the grocery store,<\/q>\u00a0Charlebois saidYou can’t really seek any sort of immunity against food inflation right now<\/q><\/p>\n\n\n\n

According to the report, the typical family of four, with\u00a0two adults and two adolescent children, can expect to pay $16,288 to feed themselves next year. That’s an increase of up to seven\u00a0per cent, but some categories will be more expensive than others<\/p>\n\n\n\n

Not all types of food will go up at the same pace. Bakery items, meat and dairy should be in line with the overall rate, while fruit may be a comparable bargain at just five\u00a0per cent. Vegetables, meanwhile, are expected to go up by\u00a0as much as eight\u00a0per cent<\/p>\n\n\n\n

That’s not what Julie Heyland wants to hear. A mother of three in Calgary, she says she couldn’t believe how much her grocery bill ballooned this year, even as the quality and\u00a0quantity of food she was getting for her money didn’t seem to increase<\/p>\n\n\n\n

She cuts back where she can, but ultimately those ever higher food bills have meant she’s had to change her family’s dietIn\u00a0order to stay within our budget now we eat a lot less meat and I definitely shop a lot more sales and plan my menus around what’s on sale,<\/q>\u00a0she told CBC News in an interviewWe’re\u00a0eating a lot less meat and having more beans and a lot more rice and pasta during the week<\/q><\/p>\n\n\n\n

\"Here's
Here’s how much more you should expect to pay for these types of food next year.PHOTO: CANADA FOOD PRICE REPORT<\/figcaption><\/figure>\n\n\n\n

After a record-setting 2022, meat prices are not forecast to increase at a faster rate than food overall, but consumers should still brace themselves for prices to go up between five and seven per cent next year<\/p>\n\n\n\n

Jeffrey Bloom, a second-generation farmer who raises cattle on a farm in Turtleford, Sask., says he knows as much as anyone that\u00a0prices for meat have skyrocketed this year, but the amount he gets per pound has barely budged, even as his costs have doubled<\/p>\n\n\n\n

After the\u00a0record-setting run up in grain prices\u00a0(new window)<\/a>, cattle feed\u00a0that might have once cost $300 a tonne is now going for $525, but he knows if he passes on\u00a0that cost\u00a0he’ll lose customersWe’re looking at inflation rates of 75 per cent, which is almost unheard of, and it really cuts into your bottom line,<\/q>\u00a0he told CBC News in an interview<\/p>\n\n\n\n

He recently saw\u00a0an eight-pound prime rib selling at a meat counter\u00a0for $200Well, $25 a pound is almost unreasonable for people to pay [but] we’re not seeing that kind of price ourselves, there’s a lot of in-between stuff where the inflation happens, with trucking costs and people just trying to make a living<\/q><\/p>\n\n\n\n

6 days agoDuration18:32A trip to the grocery store is costing us more. Pasta, soups and fresh produce have all seen significant price increases. But are there foods that haven\u2019t gone up much in price? Andrew Chang finds answers to these food inflation questions and discovers a secret in the frozen food aisle<\/p>\n\n\n\n

If he passed on his cost increases dollar for dollar he’d lose customers, so the challenge for food makers like him is\u00a0fighting the growing costs to sell the same products that everybody wants cheaper because they’re paying for it over the counter<\/q><\/p>\n\n\n\n

While some of the factors that pushed up food prices have been lessened by Bank of Canada rate hikes aimed at reining in inflation, a lot of the\u00a0factors making food more expensive are global in nature, and beyond the central bank’s influence<\/p>\n\n\n\n

The Russian invasion of Ukraine in February sent prices for everything from oil to grain to their highest levels in decades, for example<\/p>\n\n\n\n

The good news, Charlebois says, is that while\u00a0consumers should brace for high prices to stick around at least into the early part of the year, he is expecting some of those increases to ease in the second half of the year as the global economic situation changes<\/p>\n\n\n\n

We’re not expecting prices to drop, but we are expecting the food and inflation rate to to stabilize somewhat,<\/q>\u00a0he said<\/p>\n\n\n\n

Supply chain bottlenecks are starting to move again\u00a0(new window)<\/a>, and the\u00a0price of gasoline has fallen precipitously\u00a0(new window)<\/a>, which makes it cheaper to ship food across the country. On the other hand, a slowing economy could push down the loonie, which will hit grocery shoppers hard\u00a0since so much of what Canadians eat comes from outside the country, especially in the winter months<\/p>\n\n\n\n

But when you add up all the factors at play, Charlebois says the long-term outlook is better than the short-term oneEventually all of these discounts up the food chain will catch up to consumers and we’ll see that at the grocery store,<\/q>\u00a0he said<\/p>\n\n\n\n

Those discounts can’t come fast enough for Nisha Shringi\u00a0and\u00a0Vineet Saluja. The couple recently moved to Toronto from Burnaby, B.C., with their two children, and while they were expecting their cost of living to increase, the uptick in what it costs to feed themselves has taken their breath away<\/p>\n\n\n\n

The costs\u00a0have\u00a0increased everywhere,<\/q>\u00a0Shringi saidIt’s crazy<\/q><\/p>\n\n\n\n

Where they once might have enjoyed a restaurant meal out two or three times a month, and treat themselves to the odd fancy coffee at a\u00a0local cafe once in a while, they’ve completely eliminated luxuries\u00a0like that from\u00a0their budget, because they need every penny to keep food on the table<\/p>\n\n\n\n

We have definitely cut down on things that are not necessary,<\/q>\u00a0she saidWe are just sticking to the essential items \u2014absolute basic necessities<\/q><\/p>\n\n\n\n

What can be done<\/h2>\n\n\n\n

It sounds counterintuitive, but Charlebois says the spectre of recession\u00a0might be what it takes to bring prices down, since consumers saying\u00a0no thanks<\/q>\u00a0to expensive food items would bring prices down faster than anything else could<\/p>\n\n\n\n

With an economic slowdown you will see\u00a0fewer people willing to pay $30 for a steak and that really will help eventually<\/q><\/p>\n\n\n\n

In the meantime, his advice for anyone looking to slash their grocery bill is the same as it was last year: use\u00a0food\u00a0apps to scour\u00a0for sales\u00a0(new window)<\/a>, clip coupons to be on the lookout for bargains, and always keep an eye out for price cuts\u00a0on food that’s about to go past its best before date<\/p>\n\n\n\n

You’re going to have to work for your deals,<\/q>\u00a0he saidYou’re going to have to work for those discounts<\/q><\/p>\n\n\n\n

CBC News\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

Annual Food Price Report predicts typical family grocery bill will top $16,000 in 2023 Anyone hoping for a break on sky-high grocery bills should brace themselves for a shock in 2023, as the typical family’s food bill for the year is predicted to go up by more than $1,000 That’s one of the main takeaways […]<\/p>\n","protected":false},"author":9,"featured_media":13247,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"jnews-multi-image_gallery":[],"jnews_single_post":{"subtitle":"","format":"standard","video":"","gallery":"","source_name":"","source_url":"","via_name":"","via_url":"","override_template":"0","override":[{"template":"1","single_blog_custom":"","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"default-sidebar","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"topbottom","share_float_style":"share-monocrhome","show_share_counter":"1","show_view_counter":"1","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"0","post_reading_time_wpm":"300","show_zoom_button":"0","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"1","show_prev_next_post":"1","show_popup_post":"1","number_popup_post":"1","show_author_box":"1","show_post_related":"0","show_inline_post_related":"0"}],"override_image_size":"0","image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post":"0","trending_post_position":"meta","trending_post_label":"Trending","sponsored_post":"0","sponsored_post_label":"Sponsored by","sponsored_post_name":"","sponsored_post_url":"","sponsored_post_logo_enable":"0","sponsored_post_logo":"","sponsored_post_desc":"","disable_ad":"0"},"jnews_primary_category":{"id":"","hide":""},"jnews_social_meta":{"fb_title":"","fb_description":"","fb_image":"","twitter_title":"","twitter_description":"","twitter_image":""},"jnews_override_counter":{"override_view_counter":"0","view_counter_number":"0","override_share_counter":"0","share_counter_number":"0","override_like_counter":"0","like_counter_number":"0","override_dislike_counter":"0","dislike_counter_number":"0"},"jnews_post_split":{"enable_post_split":"0","post_split":[{"template":"1","tag":"h2","numbering":"asc","mode":"normal","first":"0","enable_toc":"0","toc_type":"normal"}]},"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[48,47],"tags":[],"jetpack_publicize_connections":[],"yoast_head":"\nHoping for a break on your grocery bill next year? 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