‘Inflation is here, there and everywhere’: Why economists see prices rising by another percentage point on Wednesday

The prices of fuel, meals, hire — even used vehicles — are making the typical Canadian’s life dearer. When Statistics Canada releases its month-to-month inflation knowledge on Wednesday, economists anticipate to see that shopper costs grew to no less than 7.3 per cent in Might from 6.8 per cent in April. Some analysis teams, like Capital Economics, see the Client Worth Index rising as excessive as eight per cent, which might be the best fee of inflation the Canadian financial system has skilled because the Eighties. Driving these prices are a mixture of services and products which have skilled excessive demand and low provide in current months. “Inflation is right here, there and in all places, however this week’s knowledge … Read more