Canada’s inflation rate hit 5.1 per cent in January, its highest level since 1991.
Statistics Canada reported Wednesday that if volatile items, like food and energy, are stripped out of the numbers, the cost of living went up at a pace of 4.3 per cent. But even that toned-down figure is the highest dating back to 1999.
Grocery bills continue to rise quickly, with the price of food purchased at stores up 6.5 per cent in the year leading up to January. That’s the fastest pace since 2009.
Read More: https://www.cbc.ca/news/business/canada-inflation-january-1.6353464