Canadians have been paying more for less food since early 2021.
TORONTO — A new report from RBC says the cost of filling a grocery cart is finally stabilizing, but don't expect food prices to go back to pre-pandemic levels.
RBC says food prices have soared by 18 per cent over the past two years, adding to the strain on Canadian household budgets amid rising interest rates. But RBC warns that drought and other extreme weather events are becoming more frequent and could "meaningfully limit" farm production, which would affect the food supply chain.
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