Inflation worries Canadians Today Latest Updates 2022

Most cut spending - A new survey shows that most Canadians are looking to cut spending in the face of an increase in the cost of living illustrated for several months by rising inflation in Canada

About 80% of respondents to the survey conducted by the firm Léger indicate that they have started to buy less expensive foods at the grocery store and that they increasingly avoid throwing away food

Three-quarters of respondents will reduce household expenses and go to restaurants less often

Half have started to reduce the use of their car in order to save on gasoline which is very expensive these days and the purchase of an electric vehicle is considered by a third of the participants in the survey

Overall, four out of five respondents say rising inflation is having a serious impact on their household and that the situation will get worse if the cost of living continues to rise

Earlier this week, Statistics Canada reported that annual inflation climbed to 5.7% last month, hitting its highest level since August 1991

Russia's military invasion of Ukraine, which has pushed up the world price of hydrocarbons and wheat, could push annual inflation to nearly 6% in March

Faced with soaring inflation, the Bank of Canada announced earlier in March that it was raising its key rate to 0.5% and Governor Tiff Macklem hinted that further hikes would come in the coming coming months

For More Details About 'Inflation worries Canadians 2022' Click on The Button Given Below.  Thank You