Canadians’ household budgets are becoming squeezed from all angles as the price of goods rises,” the report from Angus Reid says. “The costs of food, gasoline, and energy in particular are adding to household bills.”

In January 2022, Canada’s annual inflation rate reached 5.1 per cent, which outpaced wage increases of 2.4 per cent over the same period. According to Statistics Canada, this was the first time the annual inflation rate exceeded five per cent in more than 30 years.

https://www.ctvnews.ca/canada/more-than-half-of-canadians-can-t-keep-up-with-cost-of-living-survey-1.5799606