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“Where does it all end?” “: High fuel and food costs here for a while, experts warn

By on November 6, 2021 0

The Maritimes are seeing a slight drop at gas pumps this week, with prices dropping by about 2.3 per liter.

But with fuel prices hitting record highs recently and food prices rising, people are still feeling the pressure.

“It’s been a while since it progresses and it changes the way I drive,” says motorist Cliona O’Brien. “I live 30 kilometers from the city, so I really try to group things together when I go to town.

“With inflation and everything going up in prices from food to gasoline, I now hear that cheese and milk are going to go up, and oil prices just to heat your house,” Jon Kester said. , which also refueled at the pump. Friday.

“Does that make you wonder where it all ends?” “

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Across Nova Scotia, the minimum price for regular gasoline ranges from $ 1.41.5 per liter to $ 1.43.5.

In New Brunswick, the maximum the price for regular is $ 1.49.2.

Read more:

Why the sky-high gas prices in Nova Scotia and New Brunswick might be here to stay

Analyst Dan McTeague, president of Canadians for Affordable Energy, says we could see another drop next week, but the winter will not be favorable.

“I think we’ll try to test the record prices we set last month,” he says, “so back in the upper-middle $ 1.40, maybe hitting $ 1.50.”

And he doesn’t know when the end will come, pointing to Nova Scotia’s cap-and-trade program and New Brunswick’s carbon tax, both of which add to the cost of gasoline.

Click to play the video:

Record gas prices set to remain high in winter

Record gas prices set to stay high in winter – October 8, 2021

But it’s not just gas. Groceries are also more expensive these days.

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Sylvain Charlebois of Dalhousie University says many animal proteins have increased in double-digit percent since the start of the year.

“Beef increased by more than 15%, chicken by 13%, pork as well, eggs also increased by 8 to 13%,” he says.

Read more:

Canada’s inflation rate hits 4.4% in September, its highest level since 2003

Charlebois says dairy “could actually increase by as much as 15 percent in the new year,” responding to the Canadian Dairy Commission recommendation earlier this week of an 8.4 percent increase farm-gate milk prices.

“I would say right now we’re in the second inning of a baseball game. We are only at the beginning, ”says Charlebois, director of the university’s Agri-Food Analysis Laboratory.

“I think things are going to get tough before long until early spring 2022.”

He suggests following the circulars and “enjoying tonight”.

Either way, it creates challenges for many, especially with a recent report suggesting the cost of living in Halifax is around $ 10 more than minimum wage.

Click to play the video:

Consumer issues: Canadians buy more grocery items at reduced prices than in 2020

Consumer issues: Canadians buy more grocery items at reduced prices than in 2020 – October 6, 2021

© 2021 Global News, a division of Corus Entertainment Inc.

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