You’ll be spending $345 more on groceries in 2016
The average Canadian household will spend $8,631 on food
Should you buy or lease your new car in Canada?
Looking for a new car? What you should know about leasing versus owning.
GUELPH, Ont. – A new report says the average household in Canada will spend $8,631 on groceries and restaurant meals next year, up by $345 because of food inflation.
The University of Guelph’s latest forecast estimates that food inflation could be between two and four per cent in 2016 — compared with 4.1 per cent this year.
The school’s Food Institute estimates food inflation in 2015 cost the average Canadian household an extra $325 this year.
Superfood swaps to save you money »
The Food Institute says a combination of factors are pushing up prices, including the impact of climate change and the high value of the American dollar, which increases the price of imports from the United States.
The latest Statistics Canada data shows overall consumer prices were up one per cent in the 12 months to October, with a decline in fuel prices offsetting increases in most other spending categories.
Share this article Share on Facebook Share on Twitter Share on Linkedin Share on Reddit Share on Email
Related Articles
The best travel credit cards in Canada for 2024
These impressive travel cards can help turn your everyday spending into flights, hotels and more.
“Everything companies”: How Amazon’s playbook is reshaping competition in Canada
In this excerpt from The Big Fix, authors Denise Hearn and Vass Bednar argue companies increasingly want to collect...
These credit cards can help you save big on travel to Orlando
Through free or discounted flights, hotel stays and car rental insurance, the right credit cards can get you to...
Wealthsimple Cash review 2024
Wealthsimple Cash comes with high interest rates and a no foreign transaction fee card. Let’s take a closer look...
How to renovate your home on a fixed income
Spending thousands of dollars on upgrades to your living space can be daunting for seniors. Here are some financing...
From Pokemon cards to music royalties: Do alternative investments work?
Alternative investments may bring to mind hedge funds or real estate. But niche collectibles are increasingly a part of...
How many subscribers does Netflix have?
The streaming giant’s subscriber growth slows as gains from password-sharing crackdown subside.
How to hang out with friends when you can’t afford to go out
Can’t afford to go out? Don’t let your budget break up your friendships.
How to negotiate working less
Flexible hours, remote work, a four-day workweek—experts say you can negotiate these job perks, and actually get them, if...