Inflation is everywhere. Christmas dinner is no exception.
Prices rose across the board between October 2020 and 2021 and most festive dinner staples accelerated further one year later to October 2022.
Side plates cost more. Bread and butter rose in cost by 17 and 20 percent year-over-year to October 2022. Fresh vegetables and potatoes saw a steep rise of 11 percent over the same period.
And the bird, the main event at many tables, is briskly up as well: with annual price rises of 9 and 7 percent in 2021 and 2022. Cranberry sauce or other jam, jelly or preserve prices grew by 17 percent in 2022 after also rising by 8 percent the year prior.
The holiday is a natural time to think about our future prospects. We at the C.D. Howe Institute are working to make Canada more prosperous and more affordable.
We wish you health and happiness during the holidays and less inflation in the New Year.