新冠疫情给我们生活的方方面面造成严重影响，其中供应链中断给经济造成的影响为最大。因原材料和零件供应暂停以及劳动力短缺造成生产线中断，制造业产出严重受阻。由于封城措施导致全球运输业造成重创，进口商也难以将货品运往加拿大。制造业的困扰使消费者面临商品短缺，高通涨以及生活支出成本上升的困境。今年10月份，消费指数飙升至4.7%， 为18年来最高，汽油价格上涨了42%。 但不同行业所受到的供应链中断之影响不同，因此不同类商品物价指数变化迥异，使消费者各项支出也受到不同的程度的影响。
Covid 19 has upended various aspects of our lives, with supply chain disruptions causing the most severe economic impacts. Manufacture outputs dwindled as raw materials and part supplies paused and as production lines choked up on labor shortages. Importers struggled to move goods to Canada as lockdowns dealt a heavy blow on global shipping. The disruptions have left consumers grappling with product shortages, rising inflation, and growing living costs. CPI reached 4.7% in Oct., the highest level in 18 years, with gasoline prices soaring by 42 percent. But impacts of the disruptions vary across the industry sectors, as consumers navigate the price ups and downs in different commodity categories that affect their family budget.
● 1月5日周三12pm疫情快报 安省新冠住院病人24小时内增加 791人 1.4 亿个快速检测盒本月送往全国各省
The supply chain disruptions have significantly impacted the food sector, sending food prices to soar. The cost of sanitation and PPE, transportation bottlenecks, decreased efficiency, and disruption due to closure has taken a heavy toll on the food supply. Meat products, particularly beef and veal, have seen the sharpest price growth. While the costs in every aspect of the meat supply chain – from fertilizers to packaging materials rise, the nation's meat production capability has dwindled as processing plants shut down and as farmers scaled back output by culling cattle and livestock. The price hike of beef products by 20.1% over the same time last year has outpaced that of pork (14.1%), chicken (8.8%), fish and seafood (11%), and eggs (11.6%).
Food prices in Canada will continue to climb in 2022, with the overall prices increasing by 5 to 7 percent, according to Canada's Food Price Report 2022. It predicts that a typical family of four, including a man, a woman, a boy, and a girl, will pay up to $14767.36 for food, a $966.08 increase from the total annual cost of 2021. Driving the overall price growth (5 to 7%) will be the dairy and restaurants (at 6 to 8%) and vegetables at 5 to 7%.
Apart from higher shipping and labor costs, the shortage of computer chips—caused by Delta outbreaks in Southeast Asia has fueled the supply chain crisis in the motor vehicle and home appliances sector. Manufacturers struggle to get their hands on semiconductors – the heart of modern electronics and cars, causing downtime at assembly plants to extend and automakers to curb the output. As a result, light vehicle production in Canada tumbled 38% from the last year in Aug. Despite the manufacturer's and dealers' efforts to absorb the rising costs, it inflicted a material impact on consumer wallets, leaving them to feel the pinch as price rises ultimately. According to CPI by StatsCan, vehicle prices jumped by 7.2 percent in Sept. over the same time last year, and passenger cars rose 6.1% in Oct. Meanwhile, household appliances increased by 5.2%.
Supply chain snags threaten oil output as producers struggle to fill the labor, vehicle, and equipment shortages, resulting in a rapid surge in energy prices. Gasoline and natural gas prices jumped to an all-time high, putting intense upward pressure on household energy bills. In October, energy prices climbed by 26% over last year, with natural gas soaring by 19% and the retail price of gasoline in Canada fetching over $1.50 a liter in some parts of the country.
But not all consumption areas have succumbed to the inflationary pressure caused by the supply chain crisis. The price of clothing and footwear has resisted a widespread price increase, rising just 0.7% in Nov. from a year earlier – a sharp contrast to 4.7% of an overall inflation spike. Apparel prices dropped by 1.6% from the pre-pandemic level two years ago – thanks to the steep decline in the prices of clothing materials. Indeed, the apparel industry, like any other industry, has also been contented with various supply challenges – from the shutdown of offshore production lines and rising cotton costs to surging transportation prices and pandemic-related delays. However, the price spikes from the rising costs tend to run in low single-digit percentages, hardly enough to reverse decades of deflation.
Despite efforts to solve supply chain issues, analysts believe inflation will continue until later in 2022. Buckle up and brace for more persistent inflation headwinds this year.
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