Inflation Skyrockets To 40 Year High Prices Soar By 7ођ Inflation skyrockets to 7.7 per cent. the annual inflation rate skyrocketed to its highest level in nearly 40 years in may, fueled by soaring gas prices, statistics canada said. ottawa soaring. Statistics canada said wednesday its consumer price index in may rose 7.7 per cent compared with a year ago, the fastest pace since january 1983 when it gained 8.2 per cent. that's up almost a.
Inflation Skyrockets To 40 Year High Prices Soar By 7ођ The cost of services in may also rose 5.2 per cent compared with a year ago, up from a gain of 4.6 per cent in april, as canadians travelled and ate in restaurants more often. prices for traveller accommodation gained 40.2 per cent compared with a year ago, while the price of food purchased from restaurants gained 6.8 per cent. Statistics canada said wednesday its consumer price index in may rose 7.7 per cent compared with a year ago, the fastest pace since january 1983 when it gained 8.2 per cent. Soaring gas prices helped the annual inflation rate in may soar to its highest level in nearly 40 years, as the rising cost of living for canadians squeezed household budgets and bolstered. The agency said its consumer price index in may rose 7.7 per cent compared with a year ago, its largest increase since january 1983 when it gained 8.2 per cent and up from a 6.8 per cent increase.
Inflation Skyrockets To 40 Year High Prices Soar By 7ођ Soaring gas prices helped the annual inflation rate in may soar to its highest level in nearly 40 years, as the rising cost of living for canadians squeezed household budgets and bolstered. The agency said its consumer price index in may rose 7.7 per cent compared with a year ago, its largest increase since january 1983 when it gained 8.2 per cent and up from a 6.8 per cent increase. Canada’s inflation rate skyrockets to 7.7%, largest increase since 1983. the inflation rate rose to its highest level in nearly 40 years, fuelled by soaring gas prices. june 22, 2022. 3 min read. Ottawa – soaring gas prices helped the annual inflation rate in may soar to its highest level in nearly 40 years, as the rising cost of living for canadians squeezed household budgets and bolstered expectations the bank of canada will opt for a supersized interest rate hike next month. statistics canada said wednesday its consumer price index in may rose 7.7 per cent compared with a year ago.
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