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Tag: inflation update

Rising inflation eating into young Canadians’ disposable income: ‘It’s insane’ – National
Global News

Rising inflation eating into young Canadians’ disposable income: ‘It’s insane’ – National

Every time Afua Deborah fills her grocery basket, it’s a shock to the system. “It’s insane seeing the price of, say, broccoli double, or something really menial, like green onions double or triple,” she said.Like many Canadians right now, groceries are putting a big strain on 28-year-old Deborah’s pocketbook, especially now that she is no longer living with her parents.The inflation rate for food, which reached 8.8 per cent in June compared to the same time last year, continues to outpace the broader rate of 8.1 per cent. Read more: Canada should help people struggling with rising food costs, advocates say Deborah, who lives in Toronto and has been working as a front-end developer for the last two years, said rent is the other major variable eating away at h...