Saskatchewan Restaurant Owners Prepare for Rising Food Prices Next Year | The Canadian News

The recently released Canada Food Price Report shows an increase in food prices in 2022.

According to the report, several provinces are expected to experience higher-than-average food inflation rates in 2022, including Alberta, British Columbia, Newfoundland and Labrador, Ontario, and Saskatchewan.

Higher food prices are likely due to inflationary conditions specific to these regions. In other words, these provinces could see price increases of up to 7 percent next year.

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The annual report is published annually as a collaboration between Dalhousie University, the University of Guelph, the University of British Columbia, and the University of Saskatchewan (USask). Dr. Stuart Smyth, USask Associate Professor who holds the Chair in Improving Agri-Food Sustainability and Innovation, was the USask Leader.

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Smyth said the report was a bit of bad news.

“We are forecasting that food prices will rise 5 to 7 percent next year,” he said. “Various factors [contribute] to this. There are still some COVID-19 challenges affecting food production and distribution. “

Dr. Smyth said Saskatchewan will see a greater increase in the prices of fruits and vegetables, since many of those products come from Southern California at this time of year. They would be transported across the west coast from the United States. But now, they will have to be diverted to enter through the American Midwest into Saskatchewan, as Dr. Smyth explains.

“That adds additional time and fuel costs to get the products to our markets,” he said. “Then we will pay a little more money.”

This will not only affect consumers, but also restaurant companies. The report shows that restaurant menu prices are projected to rise as businesses grapple with rising food prices, rising commercial rents, and job market challenges.

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Mark Heise, president and CEO of Rebellion Brewing, says this increase in food prices is not a surprise.

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“We hope things keep going up,” he said. “We have seen a lot of global supply chain problems in general and poor harvests in North America. With inflationary pressures, this will be our reality in the future. “

Heise said that Rebellion Brewing has already been researching its pricing structure for next year.

“In fact, we had to implement a small increase so far,” he said. “We saw that other breweries and restaurants have already increased their prices. It’s going to be something else that we’ll have to keep a close eye on next year to make sure we stay financially sustainable. “

You can read the food price report. here.


Click to play video: 'Consumer Matters: Big Increase in Food Prices Expected in 2022'



Consumer Matters: Big Food Price Spike Expected in 2022


Consumer Matters: Big Food Price Spike Expected in 2022

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