Not cheap
Statistics Canada says the rate of inflation year over year has topped five percent for the first time in more than 30 years. Overall, prices leaped 5.1 percent in January over 2021. Excluding gasoline prices, Statistics Canada says the annual rate of inflation would have been 4.3 percent in January. Prices for groceries increased year-over-year by 6.5 percent for the largest yearly increase since May 2009. Food price increases in particular are attributed to supply chain issues. Everything from absenteeism to cross-border slowdowns of all sorts is cited.
