The Hidden Cost of Surging Prices In Canada

Inflation is crushing people, one dream at a time

Photo by Dan Meyers on Unsplash

If you are living anywhere in Canada, then rising prices, inflation, and an almost unbearable increase to cost of living are all familiar. It doesn’t matter what tax bracket you find yourself in — expect perhaps those at the very top — the Canadian economic situation has impacted you negatively.

At the beginning of the year, Canadian economists predicted that we would see our food prices rise 5% throughout 2025, with an estimated $800 increase spent.

While $800 is nothing to sneeze at, as a Canadian, the squeeze feels a lot tighter than that.

And that is because it is.

Starting from June 2022, the cost of food in Canada has increased every month.

So perhaps it is an increase of $800 this year, but that has to be added to the $701 increase felt in 2024, $1,065 increase in 2023, and $455 increase in 2022.

That’s a $3,000 total increase in groceries alone for a family of four over the last three years.

And that is not even taking into account rising prices in other areas such as housing, clothing, gas, utilities, or property tax.