It really has knock-on effects for every sector of the economy. Given our geography and given that just about everything has to be delivered or transported, including food, people have to drive long distances. We're all going to be paying higher prices, even an urban city dweller like myself who lives close to Parliament and doesn't have a car, because everything is going to become more expensive. Don't forget that this is in the context of already-high interest rates, so that's really a double whammy. Prices are high. We all have debt and are servicing that debt.
I should add, interestingly, that debt interest costs are not actually part of the CPI, so we're missing a big piece of inflation. Energy costs are just adding to the burden for the average person.