If it feels like you are getting poorer despite relatively low inflation, new research indicates that's because you are.

This week, new figures from Statistics Canada show annual inflation hit 2.4 per cent. That's up from 2.3 per cent last month, the ninth month in a row of a rising inflation rate. And while the things you buy are more than two per cent dearer (three per cent if you live in Ontario) than they were a year ago, wages have not been keeping pace.

​Over the same period, StatsCan data shows that Canadian wages rose only 1.9 per cent. In Ontario, where prices were up three per cent, wages rose a mere 0.7 per cent. That means if you live in Ontario and spend what you earn, you are effectively 2.3 per cent poorer than you were only one year ago.

If we value the prosperity and stability associated with middle-class society ... then we should really pay attention to what generates that middle-class affluence - Jordan Brennan, York University economist

And according to York University economist Jordan Brennan, that is bad for the Canadian middle class. Brennan represents a new kind of economist who rejects the traditional story that he learned in Economics 101 and once believed wholeheartedly.

"If we value the prosperity and stability associated with middle-class society — the things that we ascribe to Canadian citizenship — if we value those things, then we should really pay attention to what generates that middle-class affluence," says Brennan. "And letting the free market rip does not seem to the main generator of that affluence."