Retail prices prime rib roast Canada 2022| ��ƽ��

Average retail price for prime rib roast in Canada from January 2015 to February 2022 (in Canadian dollars per kilogram)

Characteristic	2015	2016	2017	2018	2019	2020	2021	2022
Dec	31.91	31.21	31.67	32.31	34.33	37.19	42.3	-
Nov	30.84	31.09	31.27	30.33	34.08	35.57	44.82	-
Oct	30.76	30.52	30.66	27.8	32.66	33.99	43.35	-
Sep	31.3	31.36	30.99	29.9	32.61	35.83	43.02	-
Aug	31.55	31.24	31.7	29.94	32.94	36.09	39.26	-
Jul	31.01	31.93	32.95	29.95	32.97	37.09	41.39	-
Jun	31.19	31.66	32.12	30.23	32.81	38.78	39.8	-
May	29.21	32.16	30.76	30.13	32.6	36.43	38.6	-
Apr	27.1	32.21	30.26	32.02	31.49	33.23	36.08	-
Mar	28.78	32.21	31.58	31.59	31.86	35.24	36.66	-
Feb	28.16	31.56	30.39	31.08	31.43	34.36	36.35	43.16
Jan	28.61	32.08	31.32	32.01	31.99	34.56	37.66	43.79

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Release date

March 2023

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Region

Canada

Survey time period

January 2015 to February 2022

Supplementary notes

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 2015 to February 2022. This does not constitute an endorsement by Statistics Canada of this product.

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The average retail price for one-kilogram prime rib roast was 43.16 Canadian dollars in February 2022 in Canada. Prime rib roast is a relatively expensive option when compared to other cuts of beef, such as ground beef, which retailed at a price of 12.52 Canadian dollars per kilogram in February 2022.

What is prime rib?

Also known as a standing rib roast, prime rib is cut from the primal rib section of the animal and can be bought with or without the bone for home-cooking. Prime rib can be a popular choice for a dinner party due to its high quality and generally large size.

Canadian beef market

The volume of beef produced in Canada gradually increased over the past years. In 2020, however, production dropped slightly to around 1.3 million metric tons. The majority of beef cows can be found in Alberta; there where around 1.44 million on Albertan farms as of January 2021. A fair share of beef produced in Canada is then exported: in 2021 around 614.8 thousand metric tons were shipped around the world.