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Weekly grocery bill has increased by over $100 say 1 in 5 Canadians: poll

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While inflation rates are beginning to ease, Canadians are still feeling the pinch at the checkout counter, as one in five is paying at least $100 more for groceries every week, according to a new Ipsos poll conducted on behalf of Global News.

Moreover, a majority of 55 per cent remain concerned that they might not have enough money to feed their family, a statistic which rises to 68 per cent among those with children in the household.

Coupled with the fact that many also express concern over paying credit card bills and report having to dip into retirement savings to pay for daily expenses, the current outlook on micro-level economic impact remains discouraging.

Hand-in-hand with increasing grocery prices is the concept of “shrinkflation,” the idea that items are reduced in size, quantity, or quality while their prices remain the same or increase. Eighty-four per cent of Canadians report that they are concerned this phenomenon will continue, consistent across demographic groups.

For more info, please go to https://globalnews.ca/news/9654872/food-prices-world-markets/

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#GlobalNews #Canada #Food
Category
U.S. & Canada
Tags
global news, Canada, Canada grocery
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