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House / Conservative
Food inflation climbed to 5.2 per cent in December 2021, up from 1.1 per cent a year ago. Two reasons for this surge have been supply chain disruptions and weather conditions across Canada. The financial costs of climate change have weighed heavily on taxpayers and insurers.
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Unlocking subway station restrooms that have been shuttered for the entire pandemic is not a priority for the MTA, according to acting chief Janno Lieber, who told state lawmakers that the agency is strapped for resources to reactivate the facilities.
"Our work is not done." President Biden speaks during a news conference about the first year into his presidency, citing inflation, supply chain as issues the country must address.
Prices have risen faster than income. Purchasing power declined as the cost of living touched close to 5 per cent in the past year and wages rose by only 2.6 per cent. Income grew twice as fast as inflation across industries with the highest job vacancies.