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Feb 8, 2023 · Canada has experienced a period of rising inflation starting in mid-2021. In December 2022, the rate of inflation was 6.3%. The annual increase in the price of groceries was 11.0%. Rising prices affect different segments of society differently.
Feb 27, 2023 · A new report highlights how inflation is affecting the Canadian economy and families. Inflation began picking up in early 2021. By mid-2022, consumer inflation had accelerated to its fastest pace in four decades, peaking at 8.1% in June.
Mar 16, 2022 · In general, people on fixed incomes are always hurt by inflation. In other words, if you're retired and you're getting your annual CPP, that amount that you're getting is going...
Key Takeaways. The impact of inflation depends on what’s causing it. Inflationary oil supply shocks tend to hurt the least affluent by more than the most affluent. Inflationary monetary shocks do the opposite: They hurt the most affluent more than the least affluent.
Oct 17, 2023 · Between 2007 and 2010, real (inflation-adjusted) median wages fell across the Midwest, while other regions saw increases in their median wages. Median wages in the Midwest did not start increasing again until 2015.
Feb 8, 2023 · OTTAWA - Inflation has eroded purchasing power for many Canadians, but the experience with rapidly rising prices has been far from uniform. While the inflation rate shows how quickly prices are...
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Jul 8, 2022 · Canadians whose household budgets are mostly spent on necessities like food and shelter are hurt most by inflation in the short-term, said Samson.
