COVID-19 has put a spotlight on agri-food supply chains and has impacted stakeholders from farm gate to consumer.
“Over the past 2 years, COVID-19 has put a spotlight on our food system and concerns over food inflation have risen,” says Stephanie Budynski, coordinating researcher with Alberta Agriculture, Forestry and Rural Economic Development. “Canada’s Food Price Report (2021) suggests that the uncertainty that accompanied the pandemic in previous years will remain and will continue to disrupt the agri-food supply chain.”
In nearly every grocery category there has been an increase in retail prices. In particular, meat prices across Canada have been rising and Alberta-specific meat prices have followed a similar trend. In Alberta, retail fresh or frozen beef prices have increased more than consumer food items and more than any other type of meat including pork, chicken and processed meat.
On a year-over-year basis in February 2022, the Consumer Price Index (CPI) for all items increased by 4.8%. There was also an increase in year-over-year CPI for retail food products (+5.7%), retail meat products (+12.4%), fresh or frozen pork products (+11.3%), fresh or frozen poultry (+9.9%), processed meat (+8.6%) and fresh or frozen beef products (+18.5%).