Canadians doubtful food prices will drop by Thanksgiving: Poll

The study also found 95% of those who responded think food prices are too high

Published May 10, 2024 • Last updated May 10, 2024 • 1 minute read

A man shops in the meat section at a grocery store, April 28, 2020 Washington, DC. Photo by Drew Angerer /Getty Images

A new Maru poll says almost all of Canadians – as in 97% – don’t expect any relief from high food prices before Thanksgiving, if at all.

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The study also found 95% of those who responded think food prices are too high for consumers and 74% of Canadians believe today’s food prices will be higher or at the same level as they are today by Thanksgiving.

Only a small fraction, 3%, believe food prices will be lower six months from now.

The same poll found only 39% feel that heightened food costs are primarily due to price gouging and excess profit, which is the same number of Canadians who answered the same question in July 2023.

Those who blame government monetary/fiscal policies for the high prices is at 22%, up from 12% last July, and 18% say increased food supply chain costs are to blame, down from 28% last summer, while 12% say war and weather occurrences are behind it, down from 15%.

Another 9%, up from 6% in July 2022, blame other causes.

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