Canada’s recent Food Price Report 2025 forecasts a rise in food prices between three and five percent, pushing the average family of four’s annual food expenditure to $16,833.67. That’s an increase of $800 from last year. Though 2024 saw food prices grow more slowly than expected, affordability remains a major concern for Canadians as inflation continues to erode household budgets. Despite easing inflation in 2024, food insecurity continues to affect millions of Canadians. In 2023, Statistics Canada reported that 23 percent of households in its ten provinces were food insecure. That impacted 8.7 million people, including 2.1 million children. Those figures are significantly higher in Nova Scotia at 29 percent and Prince Edward Island at 29 percent. Those areas have the highest food insecurity in the country. Canada’s food banks saw record demand in 2023, with visits passing two million. That’s an increase of 90 percent compared to 2019.