Inflation hits 8.1% in Canada| How to deal with inflation in 2022

Inflation measures the overall impact of changes in price for different types of products and services. It allows for a simple value representation of the increase in the price of goods and services over a period of time. Simply put, inflation is the rate at which prices of our goods and services rise. This means that what you could buy with $100 before will need to be increased in order to buy the same products and services today.