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TORONTO — It used to be said that a penny saved was a penny earned, but rising prices helped push out the penny years ago, and with inflation now running at well over seven per cent, it’s eating into every nickel and dime.
TORONTO - It used to be said that a penny saved was a penny earned, but rising prices helped push ou...
TORONTO - It used to be said that a penny saved was a penny earned, but rising prices helped push out the penny years ago, and with inflation now running at well over seven per cent, it’s eating into every nickel and dime.
Getting the inflation number right is important because so much is based on it, including Bank of Canada rate decisions and cost-of-living adjustments for pensions and some social payments.
Statistics Canada has begun tracking used vehicle inflation, thanks to pandemic-driven changes in consumer behaviour.