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In June Canada’s Inflation Rate Reached 8.1%

Source: Craig Lord Global News, July 21, 2022

Food prices were meanwhile up 8.8 per cent year-over-year.

The annual rate of inflation in Canada hit 8.1 per cent in June as prices on gasoline surged, Statistics Canada reported on Wednesday. And economists are starting to wonder whether price pressures have peaked.

Gasoline prices were up 54.6 per cent year-over-year and 6.2 per cent month-to-month in June, contributing the most to the headline inflation jump, the agency said.

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