👉As Canada enters the new year, hopes for a decrease in food prices are dampened by the 2024 Canada’s Food Price Report. Projections indicate a 2.5 to 4.5 per cent rise in grocery costs, impacting an average family's annual expenditure. The report attributes price hikes, especially in bakery, meat, and vegetable sectors, to factors such as supply chain disruptions, climate change, carbon tax, shelfation, and conflicts in Ukraine. With a 5.9 per cent overall increase in the Consumer Price Index (CPI), concerns rise over the two million food bank visits in the previous year, marking a significant uptick. Produced in collaboration with renowned universities, the annual report underscores the ongoing struggle to balance food prices amid a complex web of economic factors.✅ . 𝐒𝐞𝐜𝐮𝐫𝐞 𝐲𝐨𝐮𝐫 𝐝𝐫𝐞𝐚𝐦 𝐡𝐨𝐦𝐞 𝐰𝐢𝐭𝐡 𝐍𝐞𝐞𝐧𝐚 𝐕𝐚𝐫𝐠𝐡𝐞𝐬𝐞, 𝐎𝐧𝐭𝐚𝐫𝐢𝐨'𝐬 𝐦𝐨𝐫𝐭𝐠𝐚𝐠𝐞 𝐞𝐱𝐩𝐞𝐫𝐭. 𝐂𝐚𝐥𝐥: +𝟏 (𝟒𝟑𝟕) 𝟗𝟖𝟐-𝟎𝟖𝟎𝟒 @neena.robin . #CanadianFoodPrices #FoodCosts #EconomicChallenges #FoodInflation #ConsumerConcerns #SupplyChainIssues #PriceControlEfforts #mnm #malayalisnearmeapp #canadaupdate #canadanews