Canada’s Food Price Report 2026 was released yesterday. Produced by several Canadian universities, the report closely monitors food prices and their impact on Canadians. The report predicts that food prices will rise again in 2026, further increasing food costs for Canadian families. While the overall inflation rate has decreased over the past couple of years, food price growth remains relatively elevated in response to various global developments. Here’s more from the report.

• The report expects the average Canadian family of four to spend $994.63 more on food next year compared to 2025. The group is forecasting a 4% to 6% increase in food prices this year. Compared to five years ago, food prices have increased by 27%, according to the report.
• Food prices are up about 4% this year, which is mainly in line with the report’s forecast for 2025. It did note that meat prices are up by approximately 7%, which is more than projected. The report states that small level of cattle herds in January 2025, and higher feeding costs have contributed to a rise in meat prices.
• More Canadians have turned to chicken. The increase in demand has helped push up chicken prices.
• The authors of the report say that climate change, geopolitical tensions and trade disruptions have all contributed to higher food prices. Trade tensions have compelled buyers to adjust their supply chains, resulting in price increases.
• Despite falling in 2025, the report projects fruit and vegetable prices to increase in 2026. Dairy and eggs are expected to rise by 2% to 4%.

Prices at restaurants are also expected to increase next year, according to the report. Canadians have had to contend with high inflation over the past few years. While the Bank of Canada has helped bring them down, prices remain higher than they did just a few years ago, putting strain on many Canadian households.

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