July 2022 Consumer Price Index report data shows CPI inflation of 7.2% in 2022, 4.6% in 2023, and 2.3% in 2024, essentially accepting a significant overshoot in prices everywhere.
If you are worried about paying rent, a mortgage, putting food on the table, needing gas for your vehicle, or paying for public transportation, nothing is untouched by the inflation of 2022.
Statistics Canada will be announcing the inflation rate tomorrow!
It is hell for people who are barely surviving the impact of the COVID-19 pandemic.
Comments