They faced limited options and higher prices when it came time to book campsites, car rentals, hotel rooms, plane tickets and even dinner reservations. This price pressure is not limited to discretionary items like vacations and restaurants. In fact, things like groceries, gasoline and rent have seen some of the biggest price increases.
These are all things Canadians need and buy on a regular basis, so it’s impossible to escape the frustration and stress that inflation brings—especially for those living on lower or fixed incomes. High inflation is affecting businesses too. Inputs—things like raw materials, intermediate inputs and labour—are more expensive.