Your Community

Inflation Rates: How has the recent rise in inflation impacted your life?

Categories: Business, Canada

li-iStock-fruit-grocery-store584.jpg  The price of fresh vegetables rose by 18.6 per cent due to recent inflation rates. (iStock Photo)

By CBC News

The inflation rate in Canada rose to 3.3 per cent in the 12 months ending in March - the highest it has been since before the 2008 recession.

Energy prices rose 12.8 per cent during the period; specifically, gasoline prices increased by 18.9 per cent. Food prices jumped  3.3 per cent and the price for fresh vegetables rose by 18.6 per cent.

"Alongside higher prices of food and energy, the 'Olympics' effect from the prior year strongly contributed to the headline gain," Scotiabank economist Derek Holt said.

Prices jumped temporarily in February 2010 in response to the Vancouver Winter Olympics, reversing course the following month.

On an annual basis, consumer prices rose at a faster rate in every province in March compared with February. Nova Scotia led the way with a 3.9 per cent increase.

Read more.

Has the increase in inflation rates impacted what you pay for consumer goods? What do prices look like where you live? Please provide comments below.
(The survey is not scientific. The comments are based on the readers' responses.)

Comments are closed.