With rising food costs and property taxes, Montrealers are in for an expensive 2024
CTV
Canada's Food Price Report projects grocery costs will jump between 2.5 and 4.5 per cent in 2024.
Estelle Miller filled her cart at the Esposito grocery store in Saint-Laurent on Saturday, preparing for the new year... and increased food costs.
"My first thought is what am I going to cut down on -- what can I cook that requires less expensive ingredients," she told CTV News.
She's among millions of Canadians feeling the crunch at checkout thanks to inflation -- and prices are only expected to get higher.
Canada's Food Price Report projects grocery costs will jump between 2.5 and 4.5 per cent in 2024.
It's hardly a surprise for grocery store owner John Esposito, who has dealt with rising expenses over the years.
"It's not our fault that the prices are doing up. It's the suppliers that are charging us more. They're charging us more and we've got to charge the client more. We work on a certain markup and we always take the same markup, no matter what the price is," he said.
Food is not the only expense going up.
