Canada’s annual inflation rate rose to 8.1 per cent in June, boosted by soaring gas prices, which rose more than 50 per cent compared with a year ago according to StatCan_eng .
July 21, 2022
The June inflation rate was up from 7.7 per cent in May and marked the largest yearly change since January 1983.With public health restrictions easing and more people looking to travel in June, the cost of travel-related services surged. Prices for accommodation rose by about 50 per cent across the country compared with a year ago.
On a month-over-month basis, the consumer price index edged higher by 0.7 per cent, largely due to rising prices for gasoline and travel accommodations.Canadians also continued to see higher food prices, with the cost of food up 8.8 per cent compared with June last year.
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