What’s in Store at the Grocery Store for ’24? Food Inflation Ranging From 1 to 7%

A man shops for food at a store in Toronto in a file photo. Federal research dated December 2024 indicates that a third of Canadians had to borrow money or run up credit card debt in order to buy food or pay other monthly expenses in the past 12 months. Reuters/Carlos Osorio

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.