Food inflation in Canada has once again spiked, surging from 3.4% in October to 4.2% in November. Store-bought groceries climbed to 4.7%—a worrisome milestone not seen since December 2023.

As oil prices drop, electricity costs are taking center stage as the biggest household energy burden. This shift has caught the attention of both families and policymakers, signaling a new focus on aggressive energy policy.

The UK’s inflation rate has reached 3.8%, forcing many households to cope with pricier essentials like food, fuel, and travel. Experts warn these rising costs could last until 2026, posing significant challenges for borrowers and consumers alike.