A Distributional Analysis of the Purchasing Power of Canadian Households Since 2019
This report presents discrepancies in how the purchasing power of Canadian households has changed since the beginning of the COVID-19 pandemic. It provides a distributional analysis of inflation and Canadian household incomes since the beginning of the COVID-19 pandemic.
The report highlights changes in:
- Consumer spending and inflation
- Changes in income, with uneven market income growth since 2019
- Purchasing power and inflation, with pandemic effects from 2020 to 2022, and impacts of inflation and tighter monetary policy on purchasing power from 2022 onward
- Inflation and consumption, with comparison across quintiles and a snapshot of purchasing power at the provincial/territorial level.
Shelter, transportation and food are highlighted as the main contributors to inflation.
Published By: Office of the Parliamentary Budget Officer, Government of Canada
Publication Date: October, 2024
Click here to access A Distributional Analysis of the Purchasing Power of Canadian Households Since 2019
