“I think we’ve hit our peak. Things have started to cool down,” Somogyi said, adding the factors driving up most food prices have eased, although prices for dairy and baked goods will remain high.
In a separate The Globe and Mail article discussing how Canadians are coping with high food prices, Somogyi said there is a “perfect storm” of supply issues pushing prices higher.
Somogyi researches agri-food value chain analysis and management in the School of Hospitality, Food and Tourism Management. He also holds the Arrell Chair in the Business of Food.