Consumer food prices increase
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In 2009, Canadian consumers faced a 4.9% increase in the price of food. This was the greatest gain since a 5.0% rise in 1986, and followed a period of steady gains from 2002 to 2007.
Consumer food prices increased primarily because of the rise in prices for food purchased from stores (5.5%), which have increased annually since 1992. Rising food prices can affect consumer confidence. They also have a great impact on people in lower income brackets, for whom food is a larger share of total expenditures.
In the past decade, the average price for food staples has risen. From 1999 to 2009, the average price of a loaf of bread has increased from $1.31 to $2.50, a dozen eggs from $1.77 to $2.61, 454 grams of butter from $3.01 to $4.35, a litre of partly skimmed milk from $1.41 to $2.11 and 1 kg of ground beef from $3.90 to $7.02.
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