Think groceries are expensive? Expect more sticker shock in 2016

You are currently viewing our forum as a guest. This means you are limited to certain areas of the board and that there are some features you can't use or read.

We are an active community of worldwide senior members participating in chat, politics, travel, health, blogging, graphics, computer issues & help, book club, literature & poetry, finance discussions, recipe exchange and much more. Also, as a member you will be able to access member only sections, many features, send personal messages, make new friends, etc.

Registration is simple, fast and completely free. Why not register today and become a part of the group. Registration button at the very top left of the page.

Thank you for stopping by.

Join our community!

In case of difficulty, email worldwideseniors.org@gmail.com.
If you're already a member please log in to your account to access all of our features:

Think groceries are expensive? Expect more sticker shock in 2016
Topic Started: Dec 30 2015, 07:26 AM (177 Views)
Darcie	Dec 30 2015, 07:26 AM Post #1
Skeptic Posts: 31,154 Group: Member Member #714 Joined: March 30, 2010	Quote: If a trip to the grocery store seems expensive now, just wait till 2016. Executives from grocery chains have warned there’s no immediate relief in sight from increased food costs and a sinking loonie that have led to higher prices, and researchers suggest consumers will have to deal with more sticker shock in the year ahead. The University of Guelph’s Food Institute estimates the average Canadian household spent an additional $325 on food this year. On top of that, consumers should expect an additional annual increase of about $345 in 2016. Since 81 per cent of all vegetables and fruit consumed in Canada are imported, they are highly vulnerable to currency fluctuations. They are pegged to increase in price by four to 4.5 per cent in the new year. “It means that essentially families will have to spend more on these two items without many options, unfortunately,” says Sylvain Charlebois, lead author of the university’s sixth annual Food Price Report. http://www.theglobeandmail.com/globe-investor/personal-finance/household-finances/think-groceries-are-expensive-expect-more-sticker-shock-in-2016/article27949812/?click=sf_globefb Oh Joy



Trotsky	Dec 30 2015, 07:38 AM Post #2
Big City Boy Posts: 38,319 Group: Member Member #79 Joined: September 8, 2005	Increase in Social Security cost of living allowance: 0.0%



Darcie	Dec 30 2015, 09:41 AM Post #3
Skeptic Posts: 31,154 Group: Member Member #714 Joined: March 30, 2010	My QPP (Quebec Pension Plan) is going up 1.2% for 2016. This is the pension we get because of mandatory deductions for both workers and employers. The government keeps the money and invests it and puts the interest back into the plan. The rest of Canada has their own plan administered by the Federal Government called the Canada Pension Plan (CPP). The OAS and if needed supplement (in part or whole) is upped every 3 months, the information for January 2016 is not out yet. Similar calculations are used to see if any or what the increase will be. We have seen no increase at times.



campy	Dec 31 2015, 02:32 AM Post #4
Handyman Extraordinaire Posts: 28,720 Group: no politics Member #204 Joined: February 2, 2006	Simply do not buy the expensive items and the price must come down. Otherwise they will be stuck with inventory that will rot.



Trotsky	Dec 31 2015, 02:42 AM Post #5
Big City Boy Posts: 38,319 Group: Member Member #79 Joined: September 8, 2005	campy Dec 31 2015, 02:32 AM Simply do not buy the expensive items and the price must come down. Otherwise they will be stuck with inventory that will rot. It is hard to find alternatives when prices are soaring across the board. If I had Durgan's land resource I would find alternatives.



campy	Dec 31 2015, 02:47 AM Post #6
Handyman Extraordinaire Posts: 28,720 Group: no politics Member #204 Joined: February 2, 2006	It worked in the old days with sugar and coffee in my recollection. The prices came down.



blizzard	Dec 31 2015, 03:01 AM Post #7
Gold Star Member Posts: 4,152 Group: Member Member #1,012 Joined: July 8, 2013	People will still buy the expensive items and still complain about the prices. Here is where my lack of math skills will show. According to the article, thank you Darcie, "... the University of Guelph’s Food Institute estimates the average Canadian household spent an additional $325 on food this year. On top of that, consumers should expect an additional annual increase of about $345 in 2016." That sounds like a total of $670.00 as the article indicates "On top of that..." from this year into 2016. A daily increase of $1.84. If only looking at the $345.00 for 2016 about .95. So, when should we start complaining about rising food prices? I know they are high, we all know it, but we have to eat and not everyone has access, or easy access to gardening opportunities. If this discussion were with young people, I am thinking early 20s to 40, it would be easy to say stop, or curtail, the consumption of Starbucks coffee, or for the less grand(e), Tim Horton's to see how much money can be diverted to the grocery aisle or, heaven forbid, a savings plan. Far too many distractions this morning have caused me to lose my trail of thought. Guess I need more coffee. Hm, K cup, pre ground, grind my own, coffee maker (there are two) or old fashioned on top of the stove? (So easy to fall into the trap of consumption even at home)



Darcie	Dec 31 2015, 03:13 AM Post #8
Skeptic Posts: 31,154 Group: Member Member #714 Joined: March 30, 2010	The last time I had a coffee outside of home was in a restaurant where it was included with the meal. I always by on sale, except for bananas which are usually 57 cents in London and here they are 78. There are wide differences in food between stores, frozen vegetables are currently less costly than fresh. I buy my fish frozen, or in cans like my kippers. I do find that the items I need to make my bread to be expensive and there is not much of a difference between the stores that carry these, like potato, almond, coconut flour or starches. The gums are very expensive also. Occasionally I will get a commercial bread when it is on sale for $4.99 which is less costly than making it, but not as good. When your income rises $17 per month for a year and your rent increases $20 there is not much room for extra costs of food.



Trotsky	Dec 31 2015, 06:47 AM Post #9
Big City Boy Posts: 38,319 Group: Member Member #79 Joined: September 8, 2005	Quote: The last time I had a coffee outside of home was in a restaurant where it was included with the meal. Me too. I laugh at the MANY jackasses in the City who think that using Starbuck's WiFi and buying a couple $4 coffees is a good deal. Coffee I have at home and ONLY at home. (I remember $.10 coffee and then the coffee spike to $1 coffee where it never came back from, and only went UP.) My faves are a couple dypshit in-laws who are fond of saying "Let's stop in here and order a WATER." I wish I were kidding. Edited by Trotsky, Dec 31 2015, 06:49 AM.



1 user reading this topic (1 Guest and 0 Anonymous)


« Previous Topic · Rants, Bouquets, Consumer Issues · Next Topic »