Food inflation affects all grocery categories, with meat (especially beef and chicken) and coffee experiencing significant price increases, while dairy proteins and eggs remain relatively stable and affordable, prompting consumers to adapt by switching to cheaper alternatives like grinding their own coffee beans or substituting expensive cuts with ground beef.
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Shelf shock: Spike in Canadian grocery pricesAdded:
It doesn't matter what you reach for in the aisle. I mean, everything's gone up.
>> Meat remains one of the biggest contributors to food inflation with beef prices in particular soaring.
>> Many, many cuts are are up more than 40% in some cases. So, people are trading down to ground beef, but ground beef is also up. The biggest challenge right now is chicken because people are pivoting over to chicken and chicken prices are also going up.
>> If you were hoping to cut back on meat in favor of adding more fresh vegetables, that will cost you, too.
Prices were up nearly 8% year-over-year.
Another staple that's been hit, coffee.
It continues to rank among the fastest-rising grocery items.
>> We switched from using our Keurig every day to going back to um grinding our own beans and using our regular coffee pot.
>> While it may feel like everything is going up in price, there is some good news.
>> Dairy proteins remain relatively cheap.
Eggs, also very stable, lots of protein.
Uh it's the cheapest protein out there.
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