BALANCE THIS BUDGET

Dec 10, 2015

By Tim Keele

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Here’s what you’ll be spending on groceries and eatibags-of-groceriesng out next year if you’re an average household: 8 thousand 631 dollars and that’s up by 345 dollars from this year.
The Food Institute at the University of Guelph predicts food inflation will hover between two and four percentĀ  in 2016. It reached 4.1 percent this year.
So what’s to blame? Climate change and the high American dollar.
Not to worry though. Statistics Canada shows overall consumer prices were up one percent in the 12 months before October but we came out even considering the decline in fuel prices.
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