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Food Prices Keep Going UP! How Will Working Canadians Survive by 2020?

2,238 views · Published 26 January 2015 · 3:41 · Indexed 31 October 2026

Channel: Mike Martins · 2015 · News & Politics

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It’s the last week of January 2015, and I’m outside here in Vancouver with Antonio and Florida enjoying another incredibly warm winter day. It’s around 18°C outside, and once again I wanted to show people what the weather is actually like here compared with other parts of Canada.

But there’s something else I want to talk about.

Food prices.

I brought this up recently, and I'm noticing it even more now.

You go grocery shopping and something went up 30 cents. Something else went up 80 cents. Another item went up a dollar. Meat might be a couple dollars more.

Then you come back the following week and notice it happening again.

Individually these increases might not look enormous, but when you add everything together over an entire grocery bill, it starts becoming serious money.

What concerns me most are working people in the lower-income brackets who are doing everything they can to support themselves and their families.

How are these people supposed to keep up if food continues rising like this?

People talk about raising minimum wage, but if wages increase and businesses respond by increasing prices, have workers actually gained anything?

Another thing I find interesting is oil.

Oil prices have dropped dramatically, meaning transportation costs should also be falling. Food should theoretically become cheaper to transport, yet I'm watching grocery prices continue to rise.

I'm going to continue watching food prices as we move through 2015, because I think this is something we're going to be talking about a lot more.

I also briefly discuss commodities, gold and silver and why some people look toward precious metals when they're worried about inflation and the value of their currency.

Let me know what you're seeing.

Are grocery prices increasing where you live?

Thanks for watching the Mike Martins Channel. God bless.

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