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Inflation in Canada: Items that have risen in price the most

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Inflation in Canada: Items that have risen in price the most

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On Wednesday, Statistics Canada reported that the annual pace of inflation climbed to a pace not seen in 30 years after hitting 4.8% in December.

Groceries and housing contributed to the growth in the consumer price index, with economists pointing to global supply chain disruptions and changing consumer demand as contributing factors.

Here are some of the consumer items, based on Statistics Canada data, that saw the largest year-over-year price increases between December 2020 and December 2021 (prices shown are as of December 2021):

Cooking or salad oil, one liter — $4.30 (41.4%)

Regular unleaded gasoline at self-service stations — 140 cents/litre (34.1%)

White sugar, two kilograms — $2.64 (21.6 percent)

Beef stew, one kilogram — $18.55 (17.2 percent)

Bacon, 500 grams – $8.66 (17.2%)

Canned tomatoes, 796 milliliters – $1.71 (15.5 percent)

Corn flakes, 675 grams – $6.67 (15 percent)

Sirloin steak, one kilogram — $25.94 (14.5 percent)

Prime rib roast, one kilogram — $42.30 (13.7 percent)

Carrots, one kilogram — $2.43 (13.5 percent)

Round steak, one kilogram — $19.66 (11.3 percent)

Ketchup, one liter — $4.39 (11.1%)

Smoked sausages, 450 grams – $5.43 (10.8 percent)

Instant coffee, 200 grams – $7.44 (10.4%)

Inflation in Canada: Items that have risen in price the most

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