Your grocery bill is about to get bigger
All the talk about cost of living in Toronto, has surrounded the high price of housing.
Whether you're renting or paying a mortgage, you're likley paying a bundle.
But while you're paying attention to the shiny nickel on the ground, something else is happening; the cost of food is rising.
"We should expect an increase of 5-10% over the next 12 months, but that should stabilize afterwards." says Sylvain Charlebois, a professor of food distrobution and policy at Dalhousie University.
He points to the commodity controlled areas like poultry, dairy and eggs, as the areas feeling the increase the most.
"Supply managed commodities like chicken, every year marketing boards look at the cost at producing chicken, in general. And costs have gone up." says Charlebois.
So that means you ultimately feel the pinch at the checkout counter.
"Wholesalers, distributors all want a piece of the action, so at the end of the day, who really pays for this? The consumers."
Charlebois says we are really noticing the increase in chicken, for example, because the price has been relatively stable over the last five years.
And he predicts, while prices will stabilize, they likely won't drop.
So that explains meat and dairy, what about vegetables, where some bags of salad have almost doubled in price over the last year.
"Produce is likely the most volitile category there is." says Charlebois "Tomatoes in July went up 25%, and nobody really mentionned it because you want tomoatoes in the summer."
He says the reasons for increases when it comes to produce, are different.
"Currency, climate change, procurement, there's always a lot of things going on there."