Restaurants to Raise Prices Up to 4 Per Cent: Food Report
Source Foodservice & Hospitality
The average Canadian family will pay roughly $150 more to dine out next year, according to Canada’s Food Price Report 2019 — a joint annual report from Dalhousie University and the University of Guelph.
The study cites a two- to four-per-cent increase in food prices for
2019, representing a slight bump from last year due to declining meat
prices and the rise of plant-based proteins.
“We are seeing meat prices decline while plant-based proteins are on
the rise, in addition to seafood-price fluctuations due to availability,
quality and traceability of certain imported products,” the report
states. “Despite the anticipated negative numbers for these two
categories, overall food prices are expected to rise up to 3.5 per cent
The forecast shows that the annual food expenditure for the average
Canadian family is expected to increase by $411 in 2019, while the
average family will see an increase of $143 for out-of-home purchases.