Amid Rising Food Costs, Here’s What Is in Store for 2024

An annual report that looks at food prices across the country predicts some relief for consumers in 2024. Canada’s Food Price Report 2024 by Agri-Food Analytics Lab at Dalhousie University says that while prices will increase, it won’t be as dramatic as in previous years. “Overall food prices will increase by 2.5 percent to 4.5 percent,” according to a news release published by the lab. That’s compared to the 5.9 percent customers saw this year, the report says. “The estimated increase of 2.5–4.5 percent for 2024 provides customers with much-needed relief from the higher increases observed in previous years,” says Stuart Smyth, chair of Agri-Food Innovation and Sustainability Enhancement at the University of Saskatchewan, who took part in the study....