Write For Us

Economists predict rising inflation is here to stay

Sponsored Post Vitamin D2 Canada Persia
105 Views
Published
Canada is seeing a sustained increase in the cost of goods and services and economists say inflation could be with us for years.

As widely expected, the pace of inflation in Canada eased in June compared to the 3.6 per cent year-over-year rate recorded in May, which was the largest annual increase since May 2011. But the slowdown was in part due to the comparison with June 2020, which saw a rebound in prices as the Canadian economy briefly emerged from strict COVID-19 restrictions imposed at the start of the pandemic.

Anne Gaviola explains how a number of issues, including changing consumer tastes and global supply chain issues, are contributing to problem.

For more info, please go to https://globalnews.ca/news/8062946/higher-inflation-canada-could-last-years/
Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc
Like Global News on Facebook HERE: http://bit.ly/255GMJQ
Follow Global News on Twitter HERE: http://bit.ly/1Toz8mt
Follow Global News on Instagram HERE: https://bit.ly/2QZaZIB
#Inflation #GlobalNews
Category
U.S. & Canada
Tags
global news, inflation, rising inflation Canada
Sign in or sign up to post comments.
Be the first to comment