Food inflation could be as high as 3 per cent this year

Food inflation could be as high as 3 per cent this year

Food inflation could be as high as 3 per cent this year The University of Guelph’s Food Institute has published its revised report on food inflation which reveals that Canadian households will be spending between 0.7 and 3 per cent more for their food this year. The increase is driven by vegetables which could be 7.5 per cent more expensive and fruit which could see a 5 per cent hike. The initial version of the report was published in December, before the value of the Canadian dollar dropped below 80 cents US.