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Inflation tops list of worries for average Canadians and global CEOs alike

Financial Post: "In Canada, the inflation rate hit 4.7 per cent in November, an 18-year high. Things are worse in the U.S: the U.S. Consumer Price Index jumped 7 per cent in December, the largest rise since June 1982.

"Canadians are already seeing evidence of inflation on their grocery bills. Statistics Canada reported that grocery prices rose 4.7 per cent in November compared to the same time last year, the highest increase since 2015.

"Gas prices have also jumped. Compared to November 2020, gas prices were 44 per cent higher than in the same month of 2021, Statistics Canada reported, a reflection of the volatility in energy markets."

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