It’s going to cost you more to put food on the table next year, with the biggest price jump expected for vegetables.
That’s according to an annual joint report released Tuesday from the University of Guelph and Dalhousie University that predicts the average Canadian family will spend $400 more on groceries, and $150 extra to dine out next year.
Overall food prices are forecast to rise between 1.5 and 3.5 per cent.
The report says to expect a cost increase of four to six per cent for vegetables, due to poor growing conditions from changing weather conditions.
It also says there is an increased demand for alternative proteins from plant-based sources like quinoa and lentils.
For the first time in the report’s nine-year history, the cost of meat and seafood products is anticipated to drop.
Researchers believe an oversupply of meat in the market and less demand for animal protein as reasons to expect those products to show price declines.
The estimated price of meat is expected to fall between one and three per cent.
According to the report, the price of seafood could stay the same or drop by as much as two per cent.
With files from the Canadian Press.