More and more Canadians are cutting back on the amount of food they buy, as prices have skyrocketed.
But are you going to be surprised when they discover the biggest culprits of the trend are the ingredients they have already purchased?
Article Continued Below”People are saving money because they are not buying ingredients, but buying the same ingredients in the same stores and they are buying at a higher price,” said Paul St. Clair, senior analyst with the Food Marketing Institute of Canada.
“That has led to prices going up in the store, but at the same time, people are paying more for food and more to buy the same stuff.”
It is estimated that Canadians are spending more than $2.5-billion a year on groceries, which includes groceries, food items such as canned goods, baked goods and ready-to-eat foods, dairy products, meat, poultry, fish, eggs, fruits and vegetables.
But while prices have gone up, so have the grocery bills.
In fact, the average price of a grocery item has risen more than 10 per cent in the last six months compared to the same period last year.
“The food market has gone from being a very low-priced market to a high-priced one,” said St. Claire.
But that doesn’t mean they are completely out of the woods.”
So I think that what we have seen over the past few months is that Canadians have become increasingly aware of the impact of higher food prices and food inflation.”
But that doesn’t mean they are completely out of the woods.
St. Clair says that as people start to pay more for groceries, they are also going to start to consider the costs of living, especially transportation.
“People can spend a lot more on groceries because they don’t have to pay for parking and they don�t have to worry about gas prices and parking can be a big problem,” said the analyst.
“It’s a very competitive market.”
St. Claire says that if you don�ve been thinking about your groceries this year, you might want to do some research on where you are going to shop.
“The grocery store is going to become much more expensive because people are going for the most basic items and those items have to be brought from home,” said he.
“We are seeing grocery prices go up and it will be a lot harder to find the basics that you need at home.”
So if you need a little help figuring out where to buy groceries, check out our list of the best grocery stores for families and small business.”
I think people are starting to realize they can get cheaper stuff from their local store because they can order online and they will have it shipped to them.”
So if you need a little help figuring out where to buy groceries, check out our list of the best grocery stores for families and small business.