Estimated reading times: 37 Minutes
Food costs are rising. Grocery Apps by 2024. Grocery Apps are a great way to save money for Canadians.
Priceflation and shrinkflation have exploded, making it hard for many to afford full price or even sale prices.
The cost of living, interest rates, and overall Debt-to-income ratio, it’s easy to understand why Canadians rely on grocery apps that help save money on food.
According to The Canada Food Price Report The average family of four can expect to see their grocery costs increase by $700 per year in 2024.
According to the 14th Annual Report by Four Universities, food expenses for a family with four members will be $16,297.20 per year in 2024. That’s an increase of 701,79 dollars from this current year.
Canada’s struggling food banks
Food bank usage is at an all-time high with a surge of newcomers to Canada, including students who can’t afford to eat.
The other problem is if people are struggling to feed themselves, there’s less, if anything, to donate.
Although the CEOs of Canada’s biggest grocery chains have agreed to work on stabilizing grocery prices, they are nowhere…