👉Canada's inflation rate rose to a new multi-decade high of 5.7 per cent last month, as the price of everything from gasoline to groceries to shelter rose swiftly. Statistics Canada reported Wednesday that the inflation rate was the highest it's been since August of 1991. It's up from January's level of 5.1 per cent, and even higher than the 5.5. per cent that economists were expecting. Energy prices were a major factor in the increase, as the ongoing crisis in Ukraine started ratcheting up prices during the month and into the next. Retail gasoline prices jumped by 6.9 per cent in the month of February alone and were up by almost a third compared to the same period last year.✅ . . #inflationrate #malayalisnearme #canadainflationrate #canada #dailynews #dailynewscanada #livingexpenseincanada

👉Largest annual increase in cost of living since GST was implemented. Canada's inflation rate rose to 6.7% in March, far more than the economists were expecting and a full percentage point higher than February's already 30-year high.✅ . . #inflationrate #malayalisnearme #canadainflationrate #canada #dailynews #dailynewscanada #livingexpenseincanada #mnm #malayalisnearmeapp

👉The majority of respondents in a Canada-wide survey released Monday said they are using coupons or hunting for sales to cope with increasing food costs. Nearly 20 per cent were also reducing meal sizes or skipping meals altogether in order to save money. The survey by the Canadian Hub for Applied and Social Research at the University of Saskatchewan was conducted from Sept. 6 to Oct. 17. It asked 1,001 people about strategies to cope with increasing food costs. Statistics Canada’s consumer price index report said while the country’s annual inflation rate dropped slightly to 6.9 per cent in September, the cost of groceries continued to climb. Grocery prices increased at the fastest rate since August 1981, with prices up 11.4 per cent compared to a year ago. A majority of almost 59 per cent were also decreasing their household food waste.✅ . . #foodcost #foodcostincanada #canadafoodexpenses #foodexpenses #canadalivingexpense #livingexpenseincanada #CanadianHubforAppliedandSocialSearch #OntarioNews #Canadanews #dailynewscanada #candadianmallu #mnm #malayalisnearmeapp #canadaupdate #canadanews