The average retail price for potatoes was at 5.80 Canadian dollars per 4.54 kilograms in March 2024. As well as monthly fluctuations, the price has risen over the survey period.
Why do prices fluctuate?
Changes in demand or a bad harvest can affect the retail price of potatoes for consumers in grocery stores. A bad harvest could be caused by unexpected changes in weather, such as heatwaves, droughts or too much rain, and cold weather. Such conditions can hinder harvests and decrease production volumes, pushing up prices. Average expenses of potato farms in Canada have gradually risen over the past few years, reaching a high of 1.37 million Canadian dollars in 2018, this could also have a knock-on effect on retail prices.
Statistics Canada collects prices for food, household supply and personal care items from food supermarkets and drugstores, prices for cigarettes from supermarkets, department stores, drug stores and tobacco shops, and prices for regular, unleaded gasoline from gas stations. Adapted from Statistics Canada, statcan.gc.ca, January 2017 to March 2024. This does not constitute an endorsement by Statistics Canada of this product.
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StatCan. (May 1, 2024). Average retail price for potatoes in Canada from January 2017 to March 2024 (in Canadian dollars per 4.54 kilograms) [Graph]. In Statista. Retrieved October 14, 2024, from https://www.statista.com/statistics/443869/average-retail-price-for-potatoes-in-canada/
StatCan. "Average retail price for potatoes in Canada from January 2017 to March 2024 (in Canadian dollars per 4.54 kilograms)." Chart. May 1, 2024. Statista. Accessed October 14, 2024. https://www.statista.com/statistics/443869/average-retail-price-for-potatoes-in-canada/
StatCan. (2024). Average retail price for potatoes in Canada from January 2017 to March 2024 (in Canadian dollars per 4.54 kilograms). Statista. Statista Inc.. Accessed: October 14, 2024. https://www.statista.com/statistics/443869/average-retail-price-for-potatoes-in-canada/
StatCan. "Average Retail Price for Potatoes in Canada from January 2017 to March 2024 (in Canadian Dollars per 4.54 Kilograms)." Statista, Statista Inc., 1 May 2024, https://www.statista.com/statistics/443869/average-retail-price-for-potatoes-in-canada/
StatCan, Average retail price for potatoes in Canada from January 2017 to March 2024 (in Canadian dollars per 4.54 kilograms) Statista, https://www.statista.com/statistics/443869/average-retail-price-for-potatoes-in-canada/ (last visited October 14, 2024)
Average retail price for potatoes in Canada from January 2017 to March 2024 (in Canadian dollars per 4.54 kilograms) [Graph], StatCan, May 1, 2024. [Online]. Available: https://www.statista.com/statistics/443869/average-retail-price-for-potatoes-in-canada/