Canada covid-19 pandemic economy Canada

Housing? Gas? Here are the sectors that may get more expensive amid rising inflation rate

Reading now: 119
globalnews.ca

COVID-19, while others might continue to see increased demand — and prices — for the foreseeable future.Canada saw its largest ever annual inflation rate spike in a decade, with a 3.6-per cent increase in May.The spike, reported by Statistics Canada Wednesday, outstripped the previous year-over-year record of 3.4 per cent seen just two months earlier in April.Several experts said last month’s annual inflation rate, which rose at a rate not seen since 2011, was in large part due to its comparison to that of the low prices spurred on at the start of the COVID-19 pandemic last year, which saw several segments of the economy devastated.

Read more on globalnews.ca
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA