Butter prices skyrocket

The price of the butter price has exploded for a year. The pound now costs eight dollars, which represents a 24% increase in 12 months, according to Statistics Canada.

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This increase is partly explained by the increase in the price of milk at the beginning of the year.

“In fact, there was a record increase in February of 8.4%. This is almost double the old record. All of this has made its way through the supply chain, and there, it catches up with us as consumers,” says food industry specialist at Dalhousie University, Sylvain Charlebois.

Inflation affecting food prices, including butter, has influenced the business model of some entrepreneurs.

A Laval bakery had to adapt by only producing a smaller quantity and specializing in orders.

“I increased the price a little bit, but I still keep my quality. But my production has dropped by 60%. I receive orders, for example Tuesday-Wednesday and I deliver fresh on Friday,” says the owner of Paris Baguette Pâtisserie, Mohammed Jabre.

Watch the full report in the video above.

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