Inflation rate his 30-year high

The rate of inflation has hit its highest point in nearly 30 years, with the cost of groceries seeing the biggest annual increase in a decade. Interest rates are expected to rise soon, but it won’t be a quick fix.

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The National is CBC's flagship nightly news program, featuring the day's top stories with in-depth and original journalism, with hosts Adrienne Arsenault and Andrew Chang in Toronto, Ian Hanomansing in Vancouver and the CBC's chief political correspondent, Rosemary Barton in Ottawa.