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Canada’s 2026 Food Prices Set to Rise 4–6%, New National Report Says

Researchers point to a tight beef supply as the main force behind higher grocery costs.

Canada's Food Price Report says Canadian households can expect to play nearly $1,000 more on groceries in 2026.
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A woman shops for meat at a Metro grocery store in Montreal on Oct. 26, 2022.

Overview

  • The forecast pegs a typical family of four’s annual food bill at $17,571.79 in 2026, up $994.63 from this year.
  • Meat is projected to see the steepest gains at 5–7%, with beef near 7% and supply tightness expected to persist into 2027.
  • Restaurant menu prices are also expected to climb 4–6% as operators contend with rising input costs.
  • Drivers cited include Canada–U.S. trade frictions, climate-related production risks, tariffs, manufacturing shifts and labour constraints, with Alberta, Nova Scotia, Prince Edward Island and Quebec projected above the national average while British Columbia and Manitoba fall below.
  • Food insecurity remains widespread, with roughly one-quarter of households affected and food banks reporting about 2.2 million monthly visits, including 330,000 clients a month at Toronto’s Daily Bread.