Inflation heats up barbecue lovers

Inflation heats up barbecue lovers

Canada Day long weekend is the perfect time for burgers on the grill, cold drinks, and a good time with family and friends.

Posted at 4:42 pm

Brett Bundale
the canadian press

However, those backyard gatherings will cost more this year.

Food prices soared 9.7% in May from the same month a year earlier as inflation hit its highest level in nearly 40 years.

The prices of many barbecue dishes, such as steaks and vegetables, have risen again, making gatherings with family and friends more expensive.

Using prices compiled by Statistics Canada, the cost of hosting a Canada Day barbecue with eight adults and eight children today would be $302.04, more than 17% more than in 2021, when the bill was $257.27.

Price increases could lead to a change in shopping and consumption habits as people look to save money on groceries.

“Prices are rising much faster than we have been used to for four decades,” observed Sal Guatieri, a senior economist at the Bank of Montreal.

“People may start looking for cheaper items, especially when it comes to food. They could replace the steak with chicken to save money, for example. »

Also, long weekend travel will further strain budgets. The cost of refueling gas and spending the night in a hotel room went from about $220 a year ago to about $317, almost 44% more.

Still, rising costs shouldn’t deter Canadians from getting together and celebrating Canada Day.

“The pent-up demand to socialize, go out and barbecue this summer will outweigh price increases,” Guatieri said.

“But once households have depleted some of their savings and pent-up demand has subsided, we might start to see a bigger shift in behavior. »

Despite skyrocketing costs, Canadians are doing better this year than last, said Angelo Melino, an economics professor at the University of Toronto.

“More Canadians are working and working longer hours,” he said. The country’s gross domestic product (GDP), the amount of goods and services we produce, has increased and consumption has increased quite dramatically. »

While some higher costs may convince Canadians to turn to cheaper alternatives to the grocery store, prices for some barbecue staples have held steady.

“Alcohol and recreational cannabis are not increasing as much as other things, so maybe beer is a cheap drink for the 1Ahem July […], but maybe (people buy) hotdogs instead of steaks. »

Here’s an overview of the costs of items on a typical Canada Day barbecue menu.

Percentage price increases for food groups match the average increase in May from the same month last year, according to inflation data from Statistics Canada. Additional pricing details for a specific item are average estimates from April 2021 and April 2022, the most recent month for which price breakdown is available, and are not statistically comparable. Costs are estimated based on grocery prices for a barbecue with 16 people.

Beef: 11.2%

The cost of a kilogram of tenderloin steak was $22.87 in April 2021. For a barbecue with eight adults, each consuming about a half-kilogram steak, the cost would be $91.48. This year the cost would be $28.80 per kilogram for a total bill of $115.20.

Chicken: 7.9%

In April 2021, chicken breasts cost $12.58 per kilo. Two kilograms to share at the barbecue would cost $25.16. Today, with a price of $15.32 per kilogram, the cost would be $30.64.

Hot dogs, sausages: 9.9%

As of April 2021, about 400 grams of sausage cost $3.76, or about $7.52 for 800 grams (about two packages). In April 2022, the cost increased to $4.09 per 400 grams, or $8.18 per 800 grams.

Bread, rolls and buns: 11.1%

White bread sold for $3.37 per 675 grams in April 2022, while the same quantity sold for $3.03 in April 2021.

Vegetables: 10.2%

Fresh fruit: 11.3%

A kilogram of tomatoes went from $3.70 to $4.21, a kilogram of potatoes went from $4.22 to $4.18, a kilogram of onions went from $4.14 to $5.28, and romaine lettuce went from $2.63 to $3.58. The price of a melon rose to $3.28 in April from $2.82 a year earlier. The cost of a lawyer rose to $2.35 in April from $1.76 the year before.

Ice cream: 4.1%

A liter of ice cream that was about $4.50 in 2021, or $9 for two liters, would now cost about $4.70 or $9.40 for two liters.

Fats, edible oils: 30%

Condiments, spices and vinegars: 20.6%

A liter of ketchup went from $3.32 to $4.07, mayonnaise went from $4.55 to $5.93, and vegetable oil went to $10.83 for three liters, compared to $6.48. from last year.

Beer: 4.8%

A case of 24 beers that cost $47.50 a year ago would cost about $49.50 today.

Wine: 4.7%

A $20 bottle of wine a year ago would cost just under $21 today, or $40 for two bottles compared to $42 today.

The total cost of hosting a Canada Day barbecue in 2021 would have been around $257.31. Today, the same barbecue would cost $302.00, or more than 17% more.

#Inflation #heats #barbecue #lovers

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