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Transcript

Timeline of Inflation rates(2019-2022)

2019

During this year the inflation rate was 1.95%

2021

During this year the inflation rate was 3.40%

2020

During this year the inflation rate was 0.72%

2022

During this year the inflation rate was 7.20%

During the summer of 2019, gasoline and diesel prices averaged $1.26 per litre and $1.22 per litre, respectively.

the average price of gasoline in Canada has increased by 15.2% from $1.392 on December 7th, 2021 to $1.603.

Data from the Industrial Product Price Index (IPPI) reveals that prices for lumber and other wood products increased 56.2%, on a year-over-year basis, in February 2021

Based on data from June 2020, Canadians averaged about 102.9 cents per litre, which ranks among the lowest gas prices at the time.