Canadian Food Prices Predicted to Rise 3-5% in 2025

A new report forecasts higher grocery bills for families, driven by climate change, a weak Canadian dollar, and potential geopolitical shifts.

The 2025 Food Price Report anticipates a 3-5% increase in food prices, translating to an additional $800 in annual grocery costs for a family of four.
Key drivers of rising costs include climate change, extreme weather events, and droughts, which have affected crop yields and livestock production.
The weak Canadian dollar is expected to increase the cost of imported food and essential farming inputs, further pressuring prices.
Geopolitical factors, including potential U.S. tariffs under President-elect Donald Trump, could disrupt supply chains and inflate costs for Canadian consumers.
While price increases are moderating compared to pandemic-era inflation, categories like meat and vegetables are expected to see the steepest hikes, with meat prices potentially rising by 4-6%.