January 17, 2023 13:30 GMT
2022 Annual Inflation Rate Increase is the Largest Since 1982
CANADA
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- "The Consumer Price Index (CPI) rose 6.8% on an annual average basis in 2022, following gains of 3.4% in 2021 and of 0.7% in 2020. The increase in 2022 was a 40-year high, the largest increase since 1982 (+10.9%)."
- "Excluding energy, the annual average CPI rose 5.7% in 2022 compared with 2.4% in 2021."
- Additionally, "prices for food purchased from stores rose 9.8% in 2022, the fastest pace since 1981 (+12.0%), after increasing 2.2% in 2021."
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