When you're busy and on the go, pulling into a local drive thru is sometimes the only answer. And sometimes you have no excuse not to cook, you still find yourself jumping into your car and heading to the closest fast food joint in your area. At the end of the day when food is easy, cheap, and ready in under 5 minutes (hopefully) it's just a win/ win situation.
However, according to Statistics Canada there's one new downside to fast food that should have you rethinking grabbing takeout for every meal. Those dirt cheap prices are not actually so dirt cheap anymore.
According to stats, prices for food purchased in Ontario restaurants rose a whopping 1.9% in January 2018 compared to December 2017. This is fully being blamed on the minimum wage increase that took effect at the beginning of the new year.
According to the Financial Post, "The price jump was the biggest since January 1991, when then Prime Minister Brian Mulroney introduced a federal goods and services tax, which drove Ontario restaurant prices up 7.2 per cent, the biggest one month gain on record.
And it's not just in the restaurant scene in Ontario that has seen a dramatic rise in prices. Services like child-care and housekeeping in Ontario, increased by 9.9% in January compared to it's costs in December 2017.
Statistics Canada, says that overall Canada-wide, services increased 5.8%. Which has happened with the legislated minimum wage increase.