Canada's Food Price Report 2022 forecasts the biggest jump in food prices in more than a decade for the upcoming year. Faculty and researchers at the UBC Master of Food and Resource Economics (MFRE) are important contributors to this report.
Canada's Food Price Report is a nationally recognized publication that analyzes food trends and forecasts prices. It is led by Dr. Sylvain Charlebois, Professor from Dalhousie University, and connected to the UBC MFRE program as a LFS Affiliate Professor. The Canada Food Price Report is co-authored by researchers at Dalhousie University, University of Guelph, University of Saskatchewan and University of British Columbia.
Overall, the 2022 Report released last week states that food prices are expected to increase by 5% to 7% during the year. As stated on the report: “A family of four, will have an annual food expenditure of up to $14,767, an increase of up to $966 from what was observed as the total annual cost in 2021”. The forecast predicts the highest increase in both percentage and dollars in 12 years for 2022.
UBC co-authored the report through MFRE Professors Dr. Kelleen Wiseman, Dr. Richard Barichello, Dr. James Vercammen and Dr. Matias Margulis, as well as MFRE researchers Krisha Lim and Meng Zhang.
Several media outlets have highlighted the report and interview authors in several publications:
- Globe and Mail (subscription)
- Postmedia via National Post
- Vancouver Sun
- CBC Radio - Interview with Dr. Kelleen Wiseman
- CTV - Interview with Dr. Matias Margulis
- UBC News