this post was submitted on 27 Jun 2023
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I don't see how the overall rate could decline with grocery prices increasing 9.1%... our overall buying power is still that much lower. I thought I made decent money but not with what's going on out there now.
A median family only spends about 10% of their income on groceries in Canada, down around 7% in the US.
Because the other 90% goes to rent or mortgage, right?
What is a 'median' family, though? We have 2 kids under 10 and let me tell you groceries ain't cheap.
Median family income (after tax) for 2021 was $68k. Highest was Alberta at $77k, the lowest NB with $60k.
I couldn't find median, but average household size is 2.9 people.
https://www150.statcan.gc.ca/n1/pub/11-627-m/11-627-m2023020-eng.htm