Media headlines and price tags alike are sending the message loud and clear: The cost of living is increasing, with price inflation being higher than we’ve seen in decades. The most recent data on prices of goods and services show an annual increase of 5.1% in Canada, when compared to prices in January of 2021. Rising prices of goods and services can be particularly stressful for those with low and fixed incomes, and those living off of limited savings. Higher inflation can be a pressing issue for workers and unions struggling to ensure that working people do not fall behind and can maintain a decent standard of living. Given this stress and burden for often already struggling households, inflation can have important implications for public policy advocacy.
Grant: Community-Driven Solutions to Poverty: Challenges and Possibilities - 2020-2027