The Liberals Have a Sky-High Inflation Problem | July 20, 2022
Today’s data confirms inflation has reached 8.1 per cent, the highest level since January 1983, taking a firm grip on our economy. Coupled with rapidly rising interest rates and stagnating growth, sky-high inflation continues to fuel the fears of Canadian families of a potential Liberal-made recession on the horizon.
For months, Conservatives have been presenting pragmatic and reasonable solutions to help Canadians who are suffering because of the affordability crisis. In April, the NDP-Liberal budget underestimated the crisis, projecting that inflation would be 3.9 per cent in 2022. Now, private sector forecasts are projecting that inflation will remain at or above 8 per cent for the rest of the year.
Despite economists pointing out that the Trudeau Liberals can directly reduce inflationary pressures by reducing government spending, they, along with their partners in the NDP, have doubled down on new spending, continue to blame global factors for inflation, and refuse to take responsibility for their failures at home.
I will always be a voice for Essex-Windsor and for Canadians struggling with the cost-of-living crisis. Conservatives will continue to propose common-sense solutions that leave more money in the pockets of Canadians, protect the value of the money that they earn, and ease inflationary pressures, not fuel them.