The prices of some foods at the grocery store are likely to drop this fall, another piece of excellent economic news for Quebec households after the announcement of another interest rate cut on Wednesday.
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Dalhousie University agri-food industry specialist Sylvain Charlebois says in an interview with LCN that butter, apples, oranges, bananas and eggs should cost less.
“Everything that is canned tuna, canned salmon, tomatoes, celery, cucumber and even rice is likely to be cheaper in the fall, so that’s still good news,” he adds.
Smoothie lovers will also be pleased to know that frozen fruit should also cost less.
Foods still problematic
Despite price reductions in some departments, other sections remain problematic.
“Meat is still a problem,” says Sylvain Charlebois.
For beef, “actually, there’s less inventory, less product to sell. Prices are up. We might expect a little bit of a decline, but not that much.”
The future of chicken and pork prices is rather uncertain.
“Last year we had good deals, this year it’s less clear,” says the specialist.
There should be no respite for dairy products either, believes Sylvain Charlebois.
“Prices are increasing at the farm gate and it is certain that retailers must increase their prices at the same time,” he explains.
Watch the full interview in the video above.
