Scorching hot inflation could shift Canada Day barbecues to ‘hot dogs instead of steaks’ – National

The Canada Day long weekend is the perfect time for grilled burgers, cold drinks, and time with family and friends.

Still, a backyard barbecue comes with a bigger price tag this year.

Food prices rose 9.7 percent in May compared to a year ago, when inflation reached its highest level in nearly 40 years.

Prices for many barbecue favorites, such as steaks and vegetables, have risen even more, making entertainment with family and friends more expensive this weekend.

Read more:

Inflation sparks global protests as food and fuel prices soar

Based on prices collected by Statistics Canada, the cost of hosting a Canada Day barbecue with eight adults and eight children would cost $302.04 today — more than 17 percent higher than in 2021, when the $257 bill was billed. amounted to .27.

Story continues under ad

The higher prices could lead to a shift in shopping and consumption habits as people want to save money at the supermarket.

“Prices are rising much faster than we’ve been used to in the past four decades,” said Sal Guatieri, senior economist at BMO Financial Group.

“People may switch to cheaper items, especially when it comes to food. For example, they can replace steak with chicken to save money.”

Traveling over the long weekend will take an even bigger bite out of budgets. The cost of filling up a tank of gas and spending the night in a hotel room has risen to about $317, compared to about $220 a year ago — nearly 44 percent higher.

Still, higher costs aren’t expected to stop Canadians from getting together and celebrating this Canada Day.

“The pent-up demand to socialize and go out and have barbecues this summer will outweigh the increased costs,” Guatieri said.

“But once households have used up some of their savings and the pent-up demand has eased, we may begin to see a greater change in behavior.”

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

Story continues under ad

Click to play video: 'Costs for summer vacation soar'

Summer holiday costs are rising enormously

Summer holiday costs are rising enormously

“More Canadians work and they work more hours,” he said. “The country’s GDP, the amount of goods and services we produce has increased and consumption has increased quite dramatically.”

While some higher costs might encourage Canadians to buy cheaper alternatives at the grocery store, prices for some backyard barbecue supplies have held steady.

“Alcohol and recreational cannabis aren’t as popular as other things, so maybe beer is a cheap drink on July 1st … but maybe people are buying hot dogs instead of steaks.”

Here’s a breakdown of the cost for items on a typical Canada Day BBQ menu.

(Food group percentages are the average price increase in May compared to a year ago, based on inflation data from Statistics Canada. Additional details of the price of a specific item are average estimates for April 2021 and April 2022, the most recent month for which the price breakdown is available, and are not statistically comparable. Cost is the estimated cost of groceries for a 16 person BBQ.)

Story continues under ad

Beef: 11.2 percent

The cost of a pound of rump steak was $22.87 in April 2021. For a barbecue with eight adults, each of whom would consume about half a pound of steak, the cost would be $91.48. A year later, the cost was $28.80 per kilogram for a total bill of $115.20.

Chicken: 7.9 percent

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

Hot dogs, sausages: 9.9 percent

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

Bread, rolls and rolls: 11.1 percent

White bread rose to $3.37 for 675 grams in April 2022, compared to $3.03 in April 2021.

Read more:

War in Ukraine will affect food supply and prices

Vegetables: 10.2 percent, fresh fruit: 11.3 percent

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

Story continues under ad

Ice cream: 4.1 percent

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

Edible fats, oils: 30 percent, Spices, spices and vinegar: 20.6 percent

A gallon of ketchup rose from $3.32 to $4.07, mayonnaise rose to $5.93 from $4.55 and vegetable oil rose to $10.83 for three gallons, up from $6.48 a year earlier .

Beer: 4.8 percent

A 24-pack of beer that cost $47.50 a year ago would cost about $49.50 today.

Wine: 4.7 percent

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 BBQ in 2021 would have been approximately $257.31. Today, the same barbecue would cost $302.00 — more than 17 percent higher.

For those traveling this Canada Day weekend, inflation will hit even harder.

Traveler accommodation: 40.2 percent

Hotel rooms have risen from about $141 a year ago to about $200 in May.

Story continues under ad

Gasoline: 48 percent

Gasoline prices in Canada in May 2021 were $1.32 per liter. In May 2022, prices across Canada reached an average of $1.95 per liter. The cost of filling a 60 gallon gas tank increased from $79.20 each in 2021 to $117 each in 2021.

For a family traveling on Canada Day that fills up a tank and spends the night in a hotel room, the cost jumped from about $220.20 to $317 — nearly 44 percent higher.

Click to play video: 'Exclusive Ipsos polls show who is most affected by rising inflation'

Exclusive Ipsos Polls Show Who Is Most Affected by Soaring Inflation

Exclusive Ipsos polls show who will be most affected by rising inflation – June 22, 2022

© 2022 The Canadian Press

Leave a Comment