Consumer price index still up at 8.1%; strongest annual increase since January 1983.
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Statistics Canada provided an update on Wednesday morning on the consumer price index in a context of high inflation which risks leaving many households on the floor.
At the same time, the federal agency unveiled the price index for industrial products and raw materials and the monthly credit aggregates as well as the surveys on energy transport and storage and mineral production.
“It’s really an economic period that clashes with the past. There is nothing that demonstrates a balance and the figures are not likely to go down anytime soon,” Éric Pronovost, director of the accounting firm Mallette, told TVA Nouvelles.
In its last monthly note, the federal agency observed a 12% increase in gasoline prices between April and May, thus exceeding the psychological threshold of $2.
Fuel prices, on the other hand, have seen some lull in recent days, despite runaway inflation, say experts who are urging vigilance, as no one can predict when the price increase will level off.
More details to come…
