Personal Finance
Towards a Healthier Financial Future
Topic: "Inflation"
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information about your money.
Infographic of the week
Mapped: Inflation Projections by Country, in 2024
While inflation looks to be easing, there remains the risk of a second wave of price pressures driven by geopolitical conflicts and supply disruptions in the Red Sea. Adding to this, a stronger than expected labor market could drive consumer demand, pushing up higher prices. This graphic shows 2024 inflation projections around the world, based on forecasts from the International Monetary Fund (IMF).
Inflation Projections, by Country in 2024 from the Visual Capitalist →Did you know?
Americans spend $779 on food per month, with almost two-thirds being spent on groceries ($475) and the rest on eating out ($303), according to the Bureau of Labor Statistics' Consumer Expenditure Survey.
American Households' Average Monthly Expenses →Word of the week
Consumer Price Index (CPI)
A measure of the average change over time in prices paid by consumers, for a basket of consumers goods and services.
Why the Consumer Price Index (CPI) is Important →Saving
Love in the time of inflation: How to manage rising costs when dating
Podcast: Stress Test by columnist Rob Carrick on creative ways to meet the love of your life - while spending less →Did you know?
Canada’s Food Price Report 2023 predicts Canadian families will spend up to $1065 more on food than in 2022.
See predictions on annual food expenditures for individual consumers based on their age and gender. →Did you know?
Nearly 3 in 4 Canadians report rising prices impacting their ability to meet day to day expenses in 2022, according to StatsCan.
See where you can save more money →Did you know?
Canadian gasoline prices dropped year over year for the second consecutive month in March (-13.8%), the largest yearly decline since July 2020.
Statistics Canada has an interactive tool that allows you to explore your personal rate of inflation, based on the goods and services you consume →Did you know?
Asking rents in Canada increased 9.7% annually to an average of $1,984 in February. The annual rate of rent inflation has been moderating since reaching a high of 12.4% in November 2022.
Learn how much rent inflation has grown in your neighbourhood →Word of the week
Inflation
Inflation is a persistent rise in the average level of prices over time.
Price check: Inflation in Canada →Infographic of the week
How much more are groceries costing you this year?
Mapped: Which Countries Have the Highest Inflation?
See how Canada compares to the rest of the world →← Curating the web to find the most interesting and helpful information about your money.