Inflation in Canada highest in decades

Thursday, 21 July 2022newsdesk
Inflation in Canada highest in decades
Canada joined the US and the UK in seeing its year-on-year inflation hit 40-year highs in June.

New Delhi, 21 July 2022

As per news report of Rt.com, the Consumer Prices Index reached 8.1% year-over-year in June, following a 7.7% gain in May, Statistics Canada reported on Wednesday, adding that the increase was the largest yearly change since January 1983. The acceleration in June was mainly due to higher prices for gasoline, which rose a whopping 54.6% on a year-over-year basis, the statistics agency explained.

Source - Rt.com

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