Because food prices are so volatile, so reliant on variables like weather and even global politics, it will be tough to predict just how much your favourite items will cost in a grocery store this year. But many Canadian food experts forecast a sizeable jump in the price of food this year. According to CTV News, thanks to growing production costs and soaring commodity prices, Canadians can expect to pay as much as 3.5 per cent more for food this year, a higher rate than the expected rise due to inflation for 2013. Meat, eggs and cheese are likely to be the products most affected by food price increases.
March 10 (Bloomberg) -- Adam Johnson reports on today’s top news headlines on Bloomberg Television's "Bloomberg Surveillance.” (Source: Bloomberg)
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