Inflation killing off Canada’s middle class #worldfinanceweds

Inflation killing off Canada’s middle class #worldfinanceweds

If it feels like you are getting poorer despite relatively low inflation, new research indicates that’s because you are.

This week, new figures from Statistics Canada show annual inflation hit 2.4 per cent. That’s up from 2.3 per cent last month, the ninth month in a row of a rising inflation rate. And while the things you buy are more than two per cent dearer (three per cent if you live in Ontario) than they were a year ago, wages have not been keeping pace.

Source: http://www.cbc.ca/beta/news/business/current-inflation-is-killing-off-the-canadian-middle-class-don-pittis-1.2711415