inflation: | Canadian National Multilingual Newsgroup

Economists: “Inflation will pick up again”

by Marzio Pelù August 14, 2023August 14, 2023

TORONTO – Maybe we crowed too early, when Canada’s annual inflation rate fell to 2.8% in June for the first time since March 2021. According to economists, in fact, we must expect a new increase: both BMO and CIBC predict – according to Global News – that inflation will settle at 3.1% in July (official data are expected in the next few hours), largely due to the increase in petrol prices. On the other hand, the US saw a similar increase in inflation, with the annual rate climbing to 3.2%, up from 3.0% in June. (more…)

Canada’s inflation rate falls to 3.4 per cent but foods continue to increase in price

by Marzio Pelù June 27, 2023August 25, 2023

TORONTO – Inflation falls, prices rise: the paradox continues. The latest Consumer Price Index (CPI) for May 2023 shows that the increase is 3.4% year-on-year, one point less than the 4.4% increase in April: according to Statistics Canada, the reduction – is the result of falling gas prices. (more…)

Canada: inflation falls, but prices rise

by Marzio Pelù October 19, 2022August 25, 2023

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…)

Canada, inflation slows down but prices fly. And the Bank of Canada…

by Marzio Pelù September 20, 2022August 25, 2023

TORONTO – Food skyrocketing, just when the inflation is cooling: + 10.8% for shopping at the supermarket in August compared with a year ago, an increase that hasn’t been seen since 1981. Therefore, if inflation is down at 7,0% is largely thanks to the drop in the price of gasoline and nothing more.

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

by Marzio Pelù September 1, 2022August 25, 2023

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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Canadian National Multilingual Newsgroup

Tag: inflation:

Economists: “Inflation will pick up again”

Canada’s inflation rate falls to 3.4 per cent but foods continue to increase in price

Canada: inflation falls, but prices rise

Canada, inflation slows down but prices fly. And the Bank of Canada…

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

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