Description: As many have noticed, food costs are rising in Canada, up about 4% over September of last year. Meat is up 10%, while cooking oils are closer to 20%. Rising prices are especially tough on low income groups – like students. Coping can involve a variety of strategies, including bulk buying by the not-for-profit sector.
Date: October 23, 2021
1) Have you or your classmates been impacted by rising food prices?
2) What strategies can you employ to stick to your food budget? Does your university or community offer any programs to help students deal with food costs?
3) Page 7-5 in Wiley’s Understanding Financial Accounting tells us about the work of the Daily Bread Food Bank. See if your class can find any discussion online about how this charity is dealing with rising prices of foodstuffs. For instance, is it using bulk-buying?