Why Canada's Food Infrastructure Is Buckling As Prices Surge
July 24, 2014 | 1 min to read
From the backyard barbecue to the post workout smoothie, it seems Canadians of all palettes are spending more to feed themselves and their families.
June inflation data from Statistics Canada shows consumers spent an average of 3.2 percent more for food compared to the same time last year. Fresh meat and fresh vegetables were the hardest hit areas, posting 9.4 percent and 9.5 percent increases respectively.
Food prices are highly volatile, as they are highly exposed to bad weather, disease, fuel prices, grain prices, labour costs, cross-border taxes, and of course the value of the Canadian dollar versus the greenback.
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