Here’s what will cost British Columbians more or less in 2023

It’s time to ring in a New Year in B.C., and with it some new costs that could affect how people budget. Residents should brace themselves for higher grocery and electricity bills.

Here are a few changes that consumers can expect in 2023:

It’s frightening to think food prices will go up more than they are now. However, according to the latest Canada’s Food Price report, food prices are expected to rise up to seven per cent more in 2023, with vegetable prices seeing the biggest increases of six to eight per cent.

“We were hoping to have better news for Canadians, given the difficulties experienced in 2022, but our models tell us a different story,” said the report, complied by four Canadian universities from Halifax to Vancouver.