How to Combat Rising Inflation and Interest Rates - Angela Iermieri, Financial Planner at Desjardins
More Money Podcast
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Inflation, Rising Costs, What's Going on Now?
Inflation is actually the raisin prices, which also can be translated as a decline in purchasing power over time. So for example, let's say the cost of the ingredients for a family breakfast has changed in the past 26 years. Today it takes more to buy just one pack of bacon than it took to buy all these ingredients 26 years ago. High inflation is making a life a little bit more difficult for Canadians right now because their incomes are not rising at the same level as the inflation is.
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