CONNECTING THE DOTS

CONNECTING THE DOTS – Food to Skyrocket by 2021- 830% -Middle Class Cant Afford Basic Food ! Food Shortages Ahead

food price increases in 2017 – 2021 – 830%

Typically, the impact of the rate of inflation on food prices is between one and two per cent, but this year’s higher-than-usual forecast is largely blamed on the impact of the falling Loonie on a country that imports a significant amount of food.

Overall, Canadians can expect to pay an additional $720 per family, but some parts of the country are expected to be hit harder than others. British Columbia and Ontario are expected to see “higher than average” increases, into 2021

Those provinces will see the largest increases due to “the level of competitiveness in food retailing and the state of the overall economy.”

Lower prices are expected in Newfoundland and Labrador, New Brunswick, Quebec, Manitoba and Alberta, because of weaker provincial economies or more competitive distribution.

#food #foodshortage #foodsupply
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