As we are pulling up to the pump, or getting to the cash register at the grocery store, we all know that prices continue to rise for the things we need.
The Bank of Canada understands that inflation continues to rise but as of Wednesday morning, have kept its benchmark interest rate at 2.25 percent. As of Thursday, fuel prices are hitting prices we haven’t seen since 2022, which were the highest prices on record for a litre of fuel. Going to the grocery store, we have all seen prices on a number of items going up and up. For some, they may be changing some of their routines, what they buy, or what they do, to make their dollars go further.
We went out to ask if you have been changing how you spend your money with the higher prices. Jamie Worman from Sunrise Auto shares that he hasn’t made any significant changes. “I guess yes and no, for the most part. There are some things you sacrifice a little bit, you still have to live your life, still have to have fun, and still got to separate work and play.”
Food wise, Worman admits that they are trying to eat at home more but those costs are rising as well. “Eating out has gotten so expensive but so does going to the grocery store. It’s kind of a catch twenty-two, to be honest.”
Mason Schinnour has a young family and has been doing what he can to save money. (We’ve been) eating at home more. My kids are picky and I can make them something that they are actually going to eat.” Schinnour and his family have not gone as far as limiting their travel, as of yet, but in the past few months for sports, they have been carpooling with other families for out of town trips.
Unfortunately, there is no precise end in sight on the price increases. Hopefully it is short lived.
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