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The Big Story

A look at how much more you could be paying for food in 2025

Dec 10, 2024
Sylvain Charlebois, the lead author of the 2025 Canadian Food Price Report and head of the Agri-Food Analytics Lab at Dalhousie University, discusses the troubling rise in grocery costs expected for Canadian families. He reveals that food expenses could increase by $800 in 2025, driven by factors like meat prices and currency fluctuations. Charlebois also highlights the shift towards seafood and a potential decrease in dairy costs. The conversation unpacks the emotional toll on consumers and the impacts of climate change and government policies on food pricing.
26:45

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Podcast summary created with Snipd AI

Quick takeaways

  • Canadians can expect grocery prices to rise by about $800 in 2025 due to inflation and supply chain challenges.
  • Climate change is significantly impacting food prices in Canada, particularly for items like beef and coffee, as production costs increase.

Deep dives

Rising Food Costs for Families

The cost of feeding a family of four in Canada is projected to rise significantly, with estimates indicating an increase of around $800 for 2025, bringing the total to approximately $15,800. This rise is attributed mainly to heightened prices for meat, particularly chicken, pork, and beef, alongside expected increases in vegetable prices. The 2025 Canada Food Price Report highlights the complexities of supply chain economics, noting that these projections stem from various factors, including currency fluctuations and low purchasing power of grocers. As families grapple with escalating food expenses, the need for consumers to be informed and strategic in their purchases becomes increasingly apparent.

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