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Highest Inflation in 40 Years: Angus Reed's Study

A study from the new Angus Reed Institute found that 45% of people across the country were worse than this time last year.

"Prices are rising nationwide, and when it comes to groceries, people feel this when it comes to gas, transportation, housing and renters. It's really, total. "It's," said Dave Korzinski, research director at the Angus Reed Institute.

Half of Canadians say it's difficult to buy a household grocery invoice, up 7 points from last October.

Saskatchewan has the lowest inflation rate in the country at 7%. The national average is 7.7 percent.

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One in three Canadians says gas prices have risen in the past month However, nearly half say it has decreased due to switching to alternative transportation.

The blockade in China over the last few months has put a lot of pressure on the market. The war in Ukraine is also a factor, Korzinski said.

Three-quarters of people say their state is not managing inflation well.

When it comes to people's confidence in Bank of Canada, almost half (46%) say they trust to make good decisions about inflation, but about the same number (41%) do. Not.

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"I think it's part of that confidence, upset because the central bank didn't respond quickly enough to this rise in inflation, and they're much more temporary and much more permanent. This seems like they delayed the start of trying to deal with this, "said Joel Bruno, Dean of Economics at the University of Saskatchewan.

Last time inflation was so high 39 years ago, economists at the University of Saskatchewan say it's another type of inflation.

"I think the economy is much more resilient than it was in the 1980s. That doesn't mean there won't be a recession, but ... the risk of a recession is small," Bruno said. I am.

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Read more: Inflation continues to rise But will the recession continue? Experts say "break the hatch"

In the future, Bruno encourages people to consider financial options.

"Talk to your financial adviser, talk to the people in your bank, find out what your options are, and find the outcome of your big decision," Bruno said.


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