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Ready to battle against bulging prices? - Solutions For Financial Planning* Thumbnail

Ready to battle against bulging prices? - Solutions For Financial Planning*

Lifestyle Wealth

Tips to help combat the rising cost of groceries.

As inflation increases, so does the price of food in Canada. The 2021 edition of Canada’s Food Price Report, forecasts food price increases of 3 to 5.5 per cent for bread, muffins and other baked goods, and even higher price increases for meat and vegetables at 4.5 to 6.5 per cent. An average family of four is now shelling out about $700 more than they did in 2020, with groceries accounting for nearly $14,000 of the annual household budget.

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