Gas prices are at levels not seen in over a decade and that’s raising real concerns about inflation – including the rising cost of the food on our tables.
Sylvain Charlebois, director of the Agrifoods Analytics Lab at Dalhousie University in Halifax, says the price of gas is a factor in the cost of food items.
He expects it will have an impact on grocery bills, simply because it costs more to move products around.
He says food prices have seen some dramatic increases over the last few months, something they predicted before the new year.
“Last December we were expecting food prices to rise by 5 per cent…and that’s kind of what’s going on,” says Charlebois. He warns however that 5 per cent is an average, and for those who might say their grocery bill has gone up more than that, he says “you’re probably right,” because some products have increased in price by more than 10 per cent.