Inflation Rate at Highest Level Since 2003

919
Thunder Bay Gas Prices October 6

Thunder Bay – The price of almost all goods and many services have increased in price. Statistics Canada reports that the annual inflation rate is 4.4% and increasing.

There is a perfect storm with the combination of increased consumer demand, rising energy prices, product shortages, and global supply chain issues all contributing to the rising rate of inflation.

At the gas pump, consumers are seeing increased prices.

The increased energy prices are a factor in increased prices at the grocery stores.

Inflation is now at the highest rate since 2003.

Previous articleThunder Bay Storm: LRCA Updates Flood Outlook Statement
Next articleBitcoin Down Almost 5% in Morning Trading at $65,166.97
James Murray
NetNewsledger.com or NNL offers news, information, opinions and positive ideas for Thunder Bay, Ontario, Northwestern Ontario and the world. NNL covers a large region of Ontario, but are also widely read around the country and the world. To reach us by email: newsroom@netnewsledger.com Reach the Newsroom: (807) 355-1862