🇨🇦📢 RBC REPORT: THE "K-SHAPED" REALITY OF HOUSEHOLDS 🏠💸

🔹 High-income earners cutting spending & paying down mortgages 📉
🔹 Middle class spending rose only on essentials (housing/food) 🛒
🔹 Food bank usage up 90% since 2019 for lower-income groups 🚨
🔹 Wealth gap narrowing slightly due to home equity gains for seniors 🏡

The divide is real. How is inflation hitting your budget? 👇

#CanadaEconomy #Inflation #HousingMarket #CostOfLiving #CdnPoli

@canada

🇨🇦🛒 CANADIANS BRACE FOR NEW GROCERY INFLATION SHOCK

🔹 Global oil prices pushing past $90/barrel threaten to spike food inflation ⛽
🔹 Experts warn grocery inflation could hit 6.6% by July if oil stays high 📈
🔹 Higher fuel and natural gas costs ripple through the entire food supply chain 🚛
🔹 Meat, dairy, and heavily processed foods are most at risk of price hikes 🥩

Just as families were starting to recover from the last wave of inflation, the grocery bill is set to rise again. The cost to produce and transport food across Canada is climbing fast.

Are you already noticing higher prices at the checkout? 🧾🥩

#CanadaNews #Inflation #GroceryPrices #CostOfLiving #Economy

@canada