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Grocery and restaurant costs to gobble up your budget next year, study says

A rise in the U.S. dollar is increasing the cost of food for Canadians.

GUELPH, Ont. — A new report says the average household in Canada will spend $8,631 on groceries and restaurant meals next year, up by $345 because of food inflation.

The University of Guelph’s latest forecast estimates that food inflation could be between two and four per cent in 2016 — compared with 4.1 per cent this year.

The school’s Food Institute estimates food inflation in 2015 cost the average Canadian household an extra $325 this year.

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