Transitory

The average person is squeezed:

New figures show grocery inflation in Canada surged again in November as the price of basics like bread, eggs and dairy products shot up. Statistics Canada says prices for food purchased from stores rose 11.4 per cent last month compared with a year ago, up from an 11 per cent gain in October.

The agency says prices for groceries have now risen at a faster pace than overall inflation for 12 months in a row.

Starting from early 2020 to late 2022, food prices in Ontario, Canada have increased by approximately 75%. It's likely that from 2020-2023, prices for food would have doubled in Canada. Add to that the higher oil prices and an insane real estate market. The younger generations are truly getting crushed. The middle class is shrinking. Soon, it'll be the rich and the not-rich.