The price of apples has increased by 6.7 per cent in the past year, and oranges by almost as much — 6.6 per cent. "The current bout of inflation is driven by supply chain disruptions, pent-up demand and inflation expectations," she said. Shelter costs have risen by 5.4 per cent in the past year, faster than the overall inflation rate. And unlike the global forces at play pushing up food prices, the factors driving up shelter costs are all Canadian-made, TD Bank economist James Marple said. "Home price inflation is a home-grown problem," he went on, arguing that record government spending under Prime Minister Justin Trudeau is to blame for inflation.

Source: CBC News January 19, 2022 20:12 UTC