It’s sad news for restaurant owners and dairy lovers alike as prices on cheese, yogurt, ice cream and butter are set to increase.

On Friday, The Canadian Dairy Commission (CDC) announced that industrial milk prices will rise by another 2.76 per cent on Sept. 1, 2016.

“These adjustments in support prices are meant to offset the significant reduction in producer revenues in the last year,” said Alistair Johnston, Chairman of the CDC, who explained that this lower revenue was partly due to a decrease in world prices and partly due to larger sales of surplus milk protein.

This is the second price increase in seven months as a 2.2 per cent increase already took effect Feb. 1.

"Continually jacking up prices for restaurant owners and consumers is not a long-term solution when Canadians are already paying among the highest prices in the world for dairy products," saidPierre Cadieux, with Restaurants Canada. "Cheese is being priced off the menu and another price increase is only going to further drive down demand."

The Canadian restaurant industry buys $2.7 billion worth of dairy products a year and Restaurants Canada is pushing for long-term solutions to the constant increases.

"We understand concerns around producer margins, but we need solutions that will increase volumes rather than always increasing prices," Cadieux continued.

The increase late Friday afternoon by the Canadian Dairy Commission, a Crown corporation created to represent milk producers and make sure consumer needs are met.