Toronto – August 10, 2022 – The latest infographic by Statistics Canada tells the story of rising prices across the country and its impact on Canadians. The data is clear that lowest income Canadians are struggling most with the nation’s unprecedented inflation.
Areas most affected by rising prices:
Changes in spending habits:
Those in the bottom three household income categories reported the most difficulty in meeting day-to-day expenses:
Meanwhile, 3 in 4 Canadians reported that rising prices are affecting their ability to meet day-to-day expenses, and 1 in 5 reported needing to access food banks and free meals if food prices continue to rise over the next six-months.