The increase in the CPI was driven by soaring gas prices, which rose 6.2% compared to May and 54.6% compared to the same time last year From alicjawithaj
Canadian inflation hit 8.1% in June, the highest level since 1983.
The increase in the Consumer Price Index was driven by soaring gas prices, which rose 6.2 per cent compared to May and 54.6 per cent compared to the same time last year. All eight major components of the index saw increases in the month of June. The transportation category recorded the biggest year-over-year increase, rising 16.8 per cent and surpassing the 14.6 per cent rise hit in May. Shelter was the lone category that increased at a slower pace than last month, as the, although it was still up 7.1 per cent compared to last year.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ottawa’s turbine return may weaken West’s unity against Russia: Rick Hillier - National | Globalnews.caOttawa has faced harsh criticism over its decision earlier this month to return six turbines to Gazprom for the Nord Stream 1 pipeline that sees Russian gas flow to Europe.
Read more »
The 2.5 seconds that may have sealed Shinzo Abe's fateBodyguards could have saved Shinzo Abe if they shielded him or removed him from the line of fire in the 2.5 seconds between a missed first shot and a second round of gunfire that fatally wounded him, according to eight security experts who reviewed footage of the former Japanese leader's assassination.
Read more »
Mortgage Insurers May Force Approved Borrowers to Re-QualifyLast week’s 1% interest rate hike from the BoC allegedly has Canada’s 3 largest mortgage insurance providers considering retroactively requiring approved high-ratio variable borrowers to re-qualify post rate hike. RobMcLister mortgages interestrates
Read more »
Nord Stream pipeline may not restart gas flows, warns European CommissionExtreme heat continues to bear down on western Europe, boosting the need for cooling and electricity
Read more »
Putin's Ukraine gambit may not be as mondo bonkers as first thoughtTaylor: Putin’s Ukraine gambit may not be as mondo bonkers as first thought cdnpoli From a strictly financial perspective, the war has thus far benefitted Russia immensely. (subs)
Read more »