Canadians voted to be over-taxed, to wait in breadlines and go without:
Every week, Melanie Morrison gathers data on the prices charged by Canadian grocers for tens of thousands of products.
But these days, Morrison, who runs a company based in Saskatoon called BetterCart Analytics, is mostly interested in the price of just three of them: evaporated milk, peanut butter and plain old butter.
Based on the data she’s collected on these three products, Morrison is convinced that Statistics Canada’s efforts to track food price inflation data may require a big rethink.
Poor data collection on food prices means Canadians may be finding it much harder to put food on the table than the federal government is acknowledging, after all.
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Industry insiders and experts are predicting double-digit percentage price hikes on certain food and consumer goods in 2022, continuing the current trend of a rising cost of living.
Canadians can expect to see a minimum 20 percent price increase on groceries and essential products, such as food, toilet paper, pharmaceuticals, home building materials, and gasoline due to supply chain challenges, said Ron Foxcroft, founder and CEO of Fox 40 International Inc., a Hamilton, Ont.-based company specializing in sporting and marine products that are sold in 140 countries.
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