Menu-Price Increases In Canada Moderate, But They Are Expected To Rise More Again in 2024

Menu-price inflation fell to 5.7% in October, its lowest level since May 2022, according to data from Statistics Canada. The 12-month increase had been stuck at 6.1% the previous three months. There is quite a bit of variation province to province, with independent-heavy Quebec experiencing 7.2% higher menu prices and QSR-oriented Alberta 4.7%. Source: Statistics…