Cost of living: experts on inflation in Canada

Canada’s inflation rate ticked higher in May, according to the latest numbers from Statistics Canada. The Consumer Price Index rose 2.9 per cent year-over-year in May, largely due to higher prices for services. Grocery prices rose 1.5 per cent year-over-year while gasoline prices were up 5.6 per cent. This news comes as the Bank of Canada lowered its benchmark interest rate for the first time in over four years.

 

Assistant professor in economics, Colin Mang can explain monetary policy and interest rates and how it affects family budgets. He is able to provide insight into cost of goods, including housing prices, gasoline prices and food prices. To arrange an interview with him, contact him at mangc@mcmaster.ca. 

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William Huggins is an assistant professor of finance & business economics at the DeGroote School of Business. He can comment on the increasing cost of food, the state of the Canadian economy and consumer behaviour. He can be reached directly at hugginsw@mcmaster.ca.