{"id":333293,"date":"2025-12-07T18:28:08","date_gmt":"2025-12-07T18:28:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/333293\/"},"modified":"2025-12-07T18:28:08","modified_gmt":"2025-12-07T18:28:08","slug":"report-predicts-another-year-of-soaring-food-costs","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/333293\/","title":{"rendered":"Report Predicts Another Year of Soaring Food Costs"},"content":{"rendered":"<p>\t\t\t\t&#13;<\/p>\n<p>\t\t\t\t<img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2025\/12\/beef-groceries-meat.jpg\" class=\"header-image\" alt=\"Report Predicts Another Year of Soaring Food Costs\"\/>\t\t\t\t<\/p>\n<p>The upcoming year is going to be a challenging one for all of us when it comes to sticker shock at the supermarket, but the trickledown effect hits many sectors.<\/p>\n<p>Canada\u2019s Food Price Report\u00a0projects an increase of 4-6 per cent in cost.\u00a0To put that into context, food prices are 27 per cent higher now than they were five years ago.<\/p>\n<p>Dr. Stacey Taylor, an assistant professor in business analytics at Cape Breton University, says food banks can make a cash dollar stretch further than the average consumer, but such a steep increase in cost will affect their buying power. She\u2019s also concerned about restaurants. Most already have razor-thin profit margins.<\/p>\n<p>\u201cThey have their costs as well but if we don\u2019t support them, they\u2019re going to fold,\u201d says Dr. Taylor. \u201cIt\u2019s a really difficult balance for everybody.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"&#13; The upcoming year is going to be a challenging one for all of us when it comes&hellip;\n","protected":false},"author":2,"featured_media":333294,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[64,63,99,164],"class_list":{"0":"post-333293","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-au","9":"tag-australia","10":"tag-business","11":"tag-economy"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/333293","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=333293"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/333293\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/333294"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=333293"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=333293"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=333293"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}