1 minute read

Industry Resources

Next Article
Sysco Brands

Sysco Brands

Datassential Trading Economics

• Canada Food Inflation • Producer Price Inflation • Producer Price Changes

Statistics Canada

• Producer Price Index Detailed Report

Restaurants Canada

CPI Inflation Calculator

There are many different platforms to choose from when looking for information on inflation. We have listed a few below to help you make informed decisions within your business when it comes to inflation.

The Trading Economics website has multiple topics that share current inflation information. This website will take you to an overview of Food inflation in Canada and a summary of the current condition.

The second topic in this website shares Canada's Producer Price Inflation Month over Month. This helps with understanding why costs have risen. The PPI measures the cost of goods before they reach the consumer. This is the leading indicator of consumer inflation.

Lastly, The Producer Prices Change topic shares the producer inflation as a percentage.

INDUSTRY RESOURCES

Consumer Price Index Inflation Calculator

Using the CPI Inflation Calculator, you can check a ‘now vs then’ dollar worth based off inflation.

Insert your current menu prices and see what it should be today.

Example: a dish priced at $12.99 in January of 2019 should be priced at 15.28 in July of 2022.

CLICK HERE TO USE THE CPI INFLATION CALCULATOR

Restaurants Canada has added many resources on inflation and long term forecasts which will allow you to see how inflation has impacted the restaurant industry. This link shares the latest foodservice sales and menu inflation trends by segment and province.

You can also visit Restaurants Canada's Member Portal to access exclusive industry insights, tools and best practices to help your business.

This information can be a lot to process, but using any of these reports to support your business decisions can impact your profitability immediately.

This article is from: