Political debates over inflation meet grim reality for many Canadians

By Shachi Kurl, President

Winter is coming — and I’m not just talking about atmospheric rivers. While retailers hope for a bounce from consumers as Black Friday and Cyber Monday kick off the holiday shopping season, they do so with the knowledge there’s not as much stock to be had as there used to be; the discounts they offer won’t be as deep; and buyers may well decide to hold on to their money as they watch with unease the cost of essentials and everyday items rising.

Inflation appears to have been the topic of the week on Parliament Hill, but Canadians have been alive to it for months. Back in June, nearly nine in 10 told the Angus Reid Institute they were bracing for the costs of their weekly grocery bill to increase, while the same number expected that outcome for the cost of a litre of gasoline. Eighty per cent thought buying a new home would cost more come December, and two-thirds of those who paid rent were girding for a spike on that front. So, prescient we have been.

For the rest of this piece, please view it on the Ottawa Citizen’s site where it was initially published.


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