canada inflation rate

Inflation in Canada has become a daily talking point for Canadians across the country, especially as the inflation rate drives the price of groceries, gasoline and other essential items higher.

However, the latest Consumer Price Index (CPI) — a report put out by Statistics Canada to measure inflation — has reported that inflation is on a downward slope and some essential items are actually getting cheaper.

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Good news, first-time home buyers! The 6ix's housing market may be a hostile environment for buyers right now, but according to a new report by RE/MAX, Toronto house prices are set to drop off big time in 2023.

The real estate company's 2023 Housing Market Outlook predicts that rising interest rates will cause the GTA's market to slow down for buyers and sellers in the new year.

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Every healthy diet should include greens, but the rising price of groceries in Canada has made it so a head of lettuce can cost you an arm and a leg, and Ontario restaurants are struggling to cope.

JD Southern Smokehouse, located in Sudbury, took to social media on Monday, November 7, to announce it would no longer be selling salads due to the skyrocketing cost of lettuce.

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There's finally a little bit of good news ahead, folks! Inflation rates in Canada fell last month, and it's a nice step down from the recent high of 8.1%.

Released by Statistics Canada on August 16, July's Consumer Price Index (CPI) found that inflation in Canada actually started to decelerate.

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Inflation seems to be a key concern for a lot of Canadians at the moment, with many feeling the pinch this summer.

In fact, according to a new survey by CIBC, 80% of Canadians are concerned about how rising inflation is about to impact their summer plans, and for good reason too.

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