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Seniors, low-income earners among those most impacted by rising inflation, economists say

 

Canada is experiencing a rate of inflation not seen since 1983, but economists say not everyone is experiencing it in the same way.

Canada’s inflation rate — an increase in the cost of goods and services measured by the consumer price index — hit 7.7 per cent in May, according to Statistics Canada, driven by a combination of increased cost of living, supply chain issues and Russia’s invasion of Ukraine.

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