Canada's inflation rate once again climbed in August, prompting some Calgarians to make tough decisions about their spending.
"It's stressful, right? Like I have a wife looking to have children in the near future but it's almost, it's off-putting to want to have children because how am I going to provide for them?" Craig Steward said.
"Oil prices increased in August to over $80 a barrel, and we haven't seen it reach that level since last year, so it's a pretty big change over the lower prices that we previously saw, and that's entirely the reason for the increase," said Trevor Tombe, economics professor at the University of Calgary.Energy prices also increased the most in Alberta, going up just over 13 per cent year-over-year in August, following a nearly eight per cent drop in July.
Deborah Yedlin, president and CEO of the Calgary Chamber of Commerce, wants affordability measures like electricity rebates and the gas tax suspension to continue.
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