If you thought grocery prices were bad now, get ready because they’re about to get even worse, and it will have nothing to do with supply chain issues currently affecting prices.
Dairy farmers will start to get “record-breaking” increases for the milk they supply to processors starting next week.
The Agri-Foods Analytics Lab at Dalhousie University put out its Food Price Report late last year, showing a food inflation rate of between 5 and 7 percent for 2022.
Director Sylvain Charlebois says dairy product increases are expected to kick in sometime in the coming months.
Starting February 1, dairy farmers will get a record-breaking increase of 8.4 per cent for their milk.
“We’ve never seen that in 50 years,” says Charlebois.
By law, processors will have to pay more for their milk, which means things like cheese, yogurt and butter will cost more to make.
That will result in increases up the food chain.
Charlebois says that will have a significant impact on grocery prices.
“That is really the big one,” says Charlebois, and “it has nothing to do with trade” but is a domestic issue.
He says deals can still be had if you look for “enjoy tonight,” and savings in the freezer aisle.






















