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Inflations Slows, Groceries & Shelter Con’t To Rise

By Katie Nicholls Dec 21, 2022 | 10:53 AM

Chris Waits / CC

StatsCanada reports that inflation cooled to 6.8 per cent for November.

The report notes the cost of gas went down by almost four per cent.

Even with the general rate slowing, the cost of groceries continues to climb by another 11.4 per cent, which is up 11 points since October.

Mainstays like bakery products and cereal went up by more than 15 per cent. The biggest jump went to edible fats and oils, items like olive oil, which increased by 26 per cent.

Getting a mortgage also continues to be a pricey venture as they rose by 14.5 per cent, and rent also saw another increase of 5.9 per cent.


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