https://sputnikglobe.com/20220622/canada-inflation-reaches-77-in-may-highest-rate-since-january-1983-1096571447.html
Canada Inflation Reaches 7.7% in May, Highest Rate Since January 1983
Canada Inflation Reaches 7.7% in May, Highest Rate Since January 1983
Sputnik International
OTTAWA (Sputnik) - Inflation in Canada increased to 7.7% year-over-year to May, which represents the highest level of price increases in the past 40 years... 22.06.2022, Sputnik International
2022-06-22T18:28+0000
2022-06-22T18:28+0000
2023-03-05T11:22+0000
canada
inflation
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"Canadians continued to feel the impact of rising prices in May as consumer inflation rose 7.7% year-over-year. This was the largest yearly increase since January 1983 and up from a 6.8% gain in April," Statistics Canada said in a press release.The increase is mainly due to high gas prices at the pump, which marked a raise of 12% in May as compared to April and a jump of 48% compared to May of last year.In April, Canadians spent 10% more on average for groceries than during the same month in 2021. Overall, the prices of vegetables have increased by 8.2%, while the prices of fruits and meats by 10% and 10.1%, respectively.Cereals are among the most affected products, with the price of rice increasing 7.4%, bread 12.2% and pasta 19.6%, the release said.Housing prices are also one of the leading causes driving up inflation rates and marked a 7.4% increase in May, the release added.
https://sputnikglobe.com/20220316/canada-inflation-rate-spikes-to-highest-level-since-august-1991-1093932436.html
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Canada Inflation Reaches 7.7% in May, Highest Rate Since January 1983
18:28 GMT 22.06.2022 (Updated: 11:22 GMT 05.03.2023) OTTAWA (Sputnik) - Inflation in Canada increased to 7.7% year-over-year to May, which represents the highest level of price increases in the past 40 years, Statistics Canada said on Wednesday.
"Canadians continued to feel the impact of rising prices in May as consumer inflation rose 7.7% year-over-year. This was the largest yearly increase since January 1983 and up from a 6.8% gain in April," Statistics Canada said in a press release.
The increase is mainly due to high gas prices at the pump, which marked a raise of 12% in May as compared to April and a jump of 48% compared to May of last year.
In April, Canadians spent 10% more on average for groceries than during the same month in 2021. Overall, the prices of vegetables have increased by 8.2%, while the prices of fruits and meats by 10% and 10.1%, respectively.
Cereals are among the most affected products, with the price of rice increasing 7.4%, bread 12.2% and pasta 19.6%, the release said.
Housing prices are also one of the leading causes driving up inflation rates and marked a 7.4% increase in May, the release added.
