RISING COST OF LIVING: Canada’s Core Inflation Rate Highest In Decade

At the same time as debt is rising and growth is slowing.

Canada’s core inflation rate is up 2.2%, the highest it’s been since 2009.

The overall inflation rate also rose by 2.2%, up from 1.9% in October.

A key driver of the rising inflation rate was an increase in costs for shelter and vehicles.

Energy prices are up 1.5%, while fresh and frozen beef increased by 6.2%.

The cost of fresh fruit and vegetables also grew.

The rising cost of living is happening at the same time as Canada’s economy is slowing, and the household debt burden is rising.

And with the Trudeau government showing itself to be clueless about what’s really going on for struggling Canadians, the road ahead looks grim.

Spencer Fernando

Photo – YouTube


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