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Apr 26, 2024 · The Canadian low-income rate increased by 1.3 percentage points for a second consecutive year, rising from 10.6% in 2021 to 11.9% in 2022. The 2022 low-income rate was little changed from the pre-pandemic level of 12.1% in 2019.
From April 2019 to April 2022, average hourly wages grew 12.5% compared with a 10.1% increase in the CPI over the same period. However, consumer prices rose faster than average hourly wages on a year-over-year basis from October 2021 to April 2022, meaning Canadians experienced a decline in purchasing power.
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Published by authority of the Minister responsible for Statistics Canada. © His Majesty the King in Right of Canada as represented by the Minister of Industry, 2023 Use of this publication is governed by the Statistics Canada Open Licence Agreement. Catalogue no.36-28-0001 Frequency: Occasional Ottawa
Apr 12, 2024 · Tax filers in 2022 reported median wages of $45,380, a 1.6 per cent decline from the previous year after adjusting for inflation. So while on paper wages may have gone up, incomes didn’t go as ...
Jan 6, 2023 · Wages were on the rise in the back half of 2022, but have yet to catch up with inflation. ... a living wage. Statistics Canada’s labour report showed Friday that average hourly wages were up 5.1 ...
Oct 27, 2022 · This table displays the results of Data table for Chart 6 Percentage of Canadians affected by rising prices (April 2022) and Price change, year-over-year (August 2022) (appearing as column headers). Percentage of Canadians affected by rising prices (April 2022) Price change, year-over-year (August 2022) Food: 43: 10: Transportation (including ...
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Jun 26, 2024 · It uses the consumer price index (CPI) to calculate how much the median wage in a given year would be worth in 2023 when accounting for inflation. This means you can compare wages from different ...
