Tag: inflation:

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Canada: inflation falls, but prices rise

TORONTO – The annual inflation rate falls, but that’s not good news as food prices continue to rise. This is what emerges from the latest report on the consumer price index by Statistics Canada, which shows that inflation fell slightly, in September, to 6.9 per cent (from 7% in August), but it is solely due to the drop in the price of gas, which fell by 7.4% in September.  (more…)

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Inflation, there’s who gain: grocers. Greedflation?

TORONTO – When inflation is running wild, there is the risk of “greedflation”: some companies, that is, could take advantage of the situation to make higher profits. It is not known if this is the case of the large Canadian food companies: it is certain that some of them have seen their profits increase right in the middle of a crisis that, instead, is bringing families to their knees.  (more…)

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Inflation, the cost of living is insane. And many Canadians postpone retirement

TORONTO – Inflation at 7.7%, skyrocketing prices and Bank of Canada which continues to increase the “key” rate of interest – now at 1.5% – to stem the problem by creating, in fact, another one: the increase in mortgage payments and loans for Canadian families. In short, a “perfect storm”. The question is: when will the clear sky return?  (more…)

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Canada, inflation never so high in 40 years: 7.7%

TORONTO – Inflation rate skyrocketing. Or, better, never like this in almost forty years. To make the historic “picture” is Statistics Canada, which recorded – for the month of May – a percentage increase of 7.7% compared to the same month of 2021 it’s the largest increase since January 1983 when the inflation gained 8.2%. Not only that: the current + 7.7% represents a further increase compared to the + 6.8% of just a month earlier, i.e. April 2022.  (more…)

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Inflation: + 5.1%. And the prices go up

TORONTO – Inflation at levels never seen in thirty years. And skyrocketing prices. This is what emerges from the latest Statistics Canada report, published today. In January 2022, Canadian inflation surpassed 5% for the first time since September 1991, rising 5.1% year-on-year and further up from the already substantial 4.8% surge recorded just two months ago, in December 2021.  (more…)

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