Food prices continuing to rise, but at a slower rate explains Thériault

Food prices have increased by 11% in Quebec in 2022, the largest increase in Canada. In an annual report released on Monday, 26 researchers predict that the upward trend will continue into 2023, but will be less marked. Price increases in Québec in 2023 should be below the national average, around 5%.

“If it goes up by 5%, which is still a lot compared to pre-pandemic years, the fact remains that it is half of what we have experienced this year”, underlines Pascal Thériault (FMT). “However, we are not talking about a drop in food prices, we are talking about a drop in the rise in food prices”, he nuances.

Read the article in LeDevoir.

For related news, read Le Lait de base perd du terrain in LaPresse.