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Canadians will feel the bite of rising prices even more in 2022

Dec 8, 2021
Canadians will feel the bite of rising prices even more in 2022 | Financial Post Skip to Content

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Episode 131 of Down to Business podcast

Author of the article:

Gabriel Friedman

Canadians can expect to see even higher prices in the new year, say economists. Canadians can expect to see even higher prices in the new year, say economists. Photo by Reuters/Mike Blake\/File Photo

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Pictures of port congestion have been all over the news along with articles about supply chain disruptions. At the gas pump, in grocery stores and many other places, prices have been rising.

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Until recently, however, most economists said inflation would be transitory, but now they’re saying prices may well continue to rise through 2022.

This week on Down To Business, Sohaib Shahid, director of economic innovation at the Conference Board of Canada, explains what’s causing inflation to rise to its highest point in three decades and why it’s not “transitory.”

He predicted that people would feel the bite of rising prices a lot more in 2022, and also discussed what is likely to happen with interest rates, deglobalization and much more.

Listen on Apple Podcasts ,  Spotify ,  Stitcher and YouTube  where you can also subscribe to get new episodes every Wednesday morning.

If you have any questions about the show, or if there are topics you want us to tackle, email us:  downtobusiness@postmedia.com .

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