What’s Eating Canadian Consumers the Most? Try Grocery Prices
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To many economists, the affordability crisis is an illusion.
The financial pressure weighing so heavily on Canadian households over the cost of living doesn’t really show up in the numbers.
Since the start of the COVID-19 pandemic, incomes have grown faster than inflation. Average weekly wages have risen by 29 per cent since the end of 2019, according to Statistics Canada. The Consumer Price Index is up by 21 per cent over the same period.
It would appear as though the average household is in better shape, financially speaking.
This is tough to reconcile with how Canadians feel about their...
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