Menu prices at Ontario restaurants have jumped nearly two percent in the first month of 2018.
Prices are up at all types of eateries, including table-service restaurants and cafeterias, according to the Consumer Price Index released by Statistics Canada on Friday.
Food purchased from fast food and take-out restaurants saw the biggest jump with a 1.9 per cent increase in January 2018 over December 2017. Meanwhile, the price increases represent a 4.4 per cent increase over a 12-month period.
|January 2017||December 2017||January 2018||December 2017 to January 2018||January 2017 to January 2018|
|Food purchased from restaurants||144.3||148.2||149.6||0.9||3.7|
|Food purchased from
|Food purchased from fast food and take-out restaurants||140.3||143.7||146.5||1.9||4.4|
|Food purchased from cafeterias and other restaurants||144.4||148.3||149.7||0.9||3.7|
Source: Statistics Canada, CANSIM, table 326-0020 and Catalogue nos. 62-001-X and 62-010-X. Last modified: 2018-02-23.
According to Bloomberg, “The price jump was the biggest since January 1991, when then Prime Minister Brian Mulroney introduced a federal goods and services tax, which drove Ontario restaurant prices up 7.2 percent, the biggest one month gain on record.”