3 ms·

Purely anecdotal, I track every single expense. And I buy food at the same place and in the same way for ages, but I have been tracking expenses only since Dece

Purely anecdotal, I track every single expense. And I buy food at the same place and in the same way for ages, but I have been tracking expenses only since December 2021, my grocery expenses were costing 1000$/month in January, now despite reducing my purchase of red meat, we spend 1400$/month now. I presume there are factors at play here (i have children), but the price increase is still remarkable.

dmix 4y ago
FWIW the percent you've reported is 28.5% increase but the study shows 10.3% national average [1]. Maybe it's due to preferring non-discount brands? > While 33.0% of Canadians buy privately labelled products all the time, 53.6% of Canadians will buy them occasionally. Based on our estimates, the average Canadian grocery shopper will spend $821 buying privately labelled food products this year, which is likely the highest amount ever. Canada’s Food Price Report 2022 predicted that the average adult in Canada will spend about $3,500 on food this year. > Therefore, we estimate that about 23.4% of the budget spent at the grocery store is intended to purchase privately labelled food products. Again, this is likely the highest level recorded yet in Canada, and we are expecting that percentage to increase in 2023. This is probably due to higher food prices, as grocery shoppers seek refuge with lower-priced brands [2] It seems that there are still lower priced alternatives. So those who prefer organic/higher quality food products are paying the highest premium. So it's possibly you haven't changed your shopping preferences because you prefer higher quality (and probably healthier alternatives) than a price-conscious consumer who fell back on buying "no-name" brands, which fall under "private label" aka bigco discount brands. For the record I don't mean to downplay the impact on inflation and higher food prices of the average Canadian family. [1] https://www.dal.ca/sites/agri-food/research/greedflation-3.html https://www.dal.ca/sites/agri-food/research/greedflation-3.h... [2] https://cdn.dal.ca/content/dam/dalhousie/pdf/sites/agri-food/Loblaw%20Report%20EN.pdf https://cdn.dal.ca/content/dam/dalhousie/pdf/sites/agri-food... Edit: I should note I edited this comment quite a bit for clarity 10min after posting
- Fire-Dragon-DoL 4y ago
  Maybe. I assumed costco was always the cheapest in terms of price vs quality, that's why we went there. It's been hard to beat, but we do live in Vancouver, so there is that.
  - dmix 4y ago
    IDK, my anecdote: I'm a well paid software dev and I noticed I pay a lot more recently but I prefer going to fancier places with high quality vegetables (usually Sobeys)...but I also rarely discount hunt. I went grocery shopping with my mom recently and she got angry multiple times because I wasn't seeking out the cheaper stuff. Later my mom said her and my sister (who has kids) have both been going to No Frills more often and have been avoiding more expensive items. She listed off 5 vegetables/fruit she doesn't buy anymore. So when you have to stretch each dollar you definitely pay attention to details like that. Markets always adapt when prices hike... some people are just slower to notice.

dmix 4y ago

FWIW the percent you've reported is 28.5% increase but the study shows 10.3% national average [1]. Maybe it's due to preferring non-discount brands? > While 33.0% of Canadians buy privately labelled products all the time, 53.6% of Canadians will buy them occasionally. Based on our estimates, the average Canadian grocery shopper will spend $821 buying privately labelled food products this year, which is likely the highest amount ever. Canada’s Food Price Report 2022 predicted that the average adult in Canada will spend about $3,500 on food this year. > Therefore, we estimate that about 23.4% of the budget spent at the grocery store is intended to purchase privately labelled food products. Again, this is likely the highest level recorded yet in Canada, and we are expecting that percentage to increase in 2023. This is probably due to higher food prices, as grocery shoppers seek refuge with lower-priced brands [2] It seems that there are still lower priced alternatives. So those who prefer organic/higher quality food products are paying the highest premium. So it's possibly you haven't changed your shopping preferences because you prefer higher quality (and probably healthier alternatives) than a price-conscious consumer who fell back on buying "no-name" brands, which fall under "private label" aka bigco discount brands. For the record I don't mean to downplay the impact on inflation and higher food prices of the average Canadian family. [1] https://www.dal.ca/sites/agri-food/research/greedflation-3.html https://www.dal.ca/sites/agri-food/research/greedflation-3.h... [2] https://cdn.dal.ca/content/dam/dalhousie/pdf/sites/agri-food/Loblaw%20Report%20EN.pdf https://cdn.dal.ca/content/dam/dalhousie/pdf/sites/agri-food... Edit: I should note I edited this comment quite a bit for clarity 10min after posting

Fire-Dragon-DoL 4y ago
Maybe. I assumed costco was always the cheapest in terms of price vs quality, that's why we went there. It's been hard to beat, but we do live in Vancouver, so there is that.
- dmix 4y ago
  IDK, my anecdote: I'm a well paid software dev and I noticed I pay a lot more recently but I prefer going to fancier places with high quality vegetables (usually Sobeys)...but I also rarely discount hunt. I went grocery shopping with my mom recently and she got angry multiple times because I wasn't seeking out the cheaper stuff. Later my mom said her and my sister (who has kids) have both been going to No Frills more often and have been avoiding more expensive items. She listed off 5 vegetables/fruit she doesn't buy anymore. So when you have to stretch each dollar you definitely pay attention to details like that. Markets always adapt when prices hike... some people are just slower to notice.