Canada's inflation rate now at 7.7% — its highest point since 1983

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Canada's inflation rate now at 7.7% — its highest point since 1983 CBC News
Canadian inflation hits 7.7%, largest increase since 1983 Yahoo Canada Finance
Inflation rate now at 7.7% — its highest since 1983 CBC News
Opinion: The government could do more to help the Bank of Canada fight inflation – or at least it could stop hindering it The Globe and Mail
LILLEY: Inflation spikes to highest level since 1983, Trudeau government says they've done enough already Toronto Sun
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Canada's inflation rate rose at its fastest pace in almost 40 years in the year up to May, as the price of just about everything continues to go up fast. Statistics Canada reported that an uptick in the price of gasoline was a major factor causing the overall inflation rate to hit 7.7 per cent.Canada's inflation rate rose at its fastest pace in almost 40 years in the year up to May, as the price of just about everything continues to go up fast. Statistics Canada reported that an uptick in the price of gasoline was a major factor causing the overall inflation rate to hit 7.7 per cent.

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The annual inflation rate skyrocketed to its highest level in nearly 40 years in May, fuelled by soaring gas prices, Statistics Canada said Wednesday.The annual inflation rate skyrocketed to its highest level in nearly 40 years in May, fuelled by soaring gas prices, Statistics Canada said Wednesday.

Inflation in Canada skyrockets to 7.7 per cent: StatCan | CTV News

More needs to be done to back the Bank and boost economic output More needs to be done to back the Bank and boost economic output

Opinion: The government could do more to help the Bank of Canada fight inflation – or at least it could stop hindering it - The Globe and Mail

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Consumer price inflation accelerated to a four-decade high, adding pressure on the Bank of Canada to deliver more aggressive interest rate hikes in coming weeks.

Inflation surges to 7.7% in Canada, fastest pace since 1983 - BNN Bloomberg

Canada's inflation increased 7.7 per cent in May from a year earlier, the fastest since 1983, Statistics Canada reported

Canada inflation surges to 7.7%, fastest since 1983 | Financial Post

As prices for just about everything continues to climb across Canada, many are left searching for ways to cut costs. The Star asked readers to share their favourite cheap eats in the city. As prices for just about everything continues to climb across Canada, many are left searching for ways to cut costs. The Star asked readers to share their favourite cheap eats in the city.

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Statistics Canada says the inflation rate hit 7.7 per cent in May, the largest increase since January 1983, as gas and food prices surged.Statistics Canada says the inflation rate hit 7.7 per cent in May, the largest increase since January 1983, as gas and food prices surged.

Canada’s inflation rate hit 7.7% in May, fuelled by soaring gas, food prices - National | Globalnews.ca

Gas prices have increased 48 per cent over the past year.Read the full story and comment on Tbnewswatch.com

Inflation rate soars to 7.7 per cent - TBNewsWatch.com

Canada Inflation: rate rises to 7.7 per cent, highest in 40 years | CP24.com

OTTAWA — Canada’s annual inflation rate unexpectedly accelerated to 7.7% in May, the highest since January 1983, largely driven by higher gasoline prices,…

Canada's annual inflation rate gallops to near 40-year high at 7.7 per cent | Ottawa Citizen

Economists at the Bank of Montreal are predicting the May figure will top seven per cent amid a surge in energy prices.Economists at the Bank of Montreal are predicting the May figure will top seven per cent amid a surge in energy prices.

Statistics Canada to report May inflation figures today, expected to rise - CityNews Ottawa

Much hotter than expected

Canada's inflation rate spikes to near 40-year high, calls for supersized rate hike mount | Financial Post

The increase in the Consumer Price Index (CPI) was largely due to higher gas prices which rose 12 per cent compared to April.The increase in the Consumer Price Index (CPI) was largely due to higher gas prices which rose 12 per cent compared to April.

Canadian inflation hits 7.7%, largest increase since 1983

RIP your budget. 🥴RIP your budget. 🥴

Canada's Inflation Rate Is The Highest It's Been Since 1983 & Here's What You're Paying More For - Narcity

OTTAWA — The annual inflation rate skyrocketed to its highest level in nearly 40 years in May, fuelled by soaring gas prices, Statistics Canada said Wednesday. The agency said its consumer price index in May rose 7.OTTAWA — The annual inflation rate skyrocketed to its highest level in nearly 40 years in May, fuelled by soaring gas prices, Statistics Canada said Wednesday. The agency said its consumer price index in May rose 7.

Inflation skyrockets to highest level in nearly 40 years as gas prices soar - Orillia News

MONTREAL — Soaring gas prices fuelled the largest rise in the annual inflation rate in four decades last month, Statistics Canada says.MONTREAL — Soaring gas prices fuelled the largest rise in the annual inflation rate in four decades last month, Statistics Canada says.

Fuel prices likely to rise further, economists say as peak travel season kicks off - Guelph News

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The risk of inflation becoming entrenched in Canada's economy is growing, say analysts, as surging prices for gas and other highly visible consumer items undercut efforts by the Bank of Canada to keep expectations for price increases in check.The risk of inflation becoming entrenched in Canada's economy is growing, say analysts, as surging prices for gas and other highly visible consumer items undercut efforts by the Bank of Canada to keep expectations for price increases in check.

High inflation expectations raise stakes for Bank of Canada ahead of CPI data | Reuters

OTTAWA — Statistics Canada will release its latest reading on inflation this morning and expectations are for it to climb even higher.

Statistics Canada to report May inflation figures today, expected to rise | Regina Leader Post

It's official — Canada has broken its own record from 1983 for year-over-year inflation with a whopping 7.7% increase.It's official — Canada has broken its own record from 1983 for year-over-year inflation with a whopping 7.7% increase.

Canada breaks four-decade record with yearly inflation peaking to 7.7% | Venture

It's a level of inflation not seen in nearly 40 years but the Trudeau government says they've done enough to tame the rising cost of living.

LILLEY: Inflation hits highest level since '83, Trudeau won't act | Toronto Sun

LILLEY: Inflation spikes to highest level since 1983, Trudeau government says they've done enough already | Toronto Sun

Inflation rose to its highest level in nearly 40 years in May. Statistics Canada says its consumer price index rose to 7.7 per cent.Inflation rose to its highest level in nearly 40 years in May. Statistics Canada says its consumer price index rose to 7.7 per cent.

Inflation rises to 7.7% in May driven by gas, food prices: StatCan

Canadians battling inflation should look to snatch up TSX stocks like Empire Company Ltd. (TSX:EMP.A) to seek out relief.Canadians battling inflation should look to snatch up TSX stocks like Empire Company Ltd. (TSX:EMP.A) to seek out relief.

3 TSX Stocks to Hold as Inflation Remains High | The Motley Fool Canada

Canada saw its fastest inflation acceleration since 1983 in May, all but ensuring an aggressive rate hike from the Bank of Canada. Read more.

Canada inflation surges: What the economists say | Financial Post

Inflation in Canada reached in May levels not seen since 1983. Analysts at CIBC point out that CPI numbers makes a 75 basis points interest rate hike Inflation in Canada reached in May levels not seen since 1983. Analysts at CIBC point out that CPI numbers makes a 75 basis points interest rate hike

Canada: Broadly based price pressures makes a 75bp hike a near certainty – CIBC

While Canada's inflation rate is 7.7%, B.C.'s is now at 8.1%, which mean it is now the highest rate among the provinces.National inflation reaches highest rate since 1983

BC's May inflation rate overtakes Canada's average - North Shore News

Your Local News Network serving London, Windsor, Chatham, Sarnia and Midwestern OntarioIf you found you were keeping a closer eye on your money in April, you likely put off purchases in May.

BlackburnNews.com - Inflation rate hits highest point in nearly 40 years

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Kitco News collects and features the top financial, economic and geopolitical news from around the world. Kitco's aggregated sources include some of the top newswires in the world including the Association Press, Canadian Press, Japanese Economic Newswire, and United Press International.Kitco News collects and features the top financial, economic and geopolitical news from around the world. Kitco's aggregated sources include some of the top newswires in the world including the Association Press, Canadian Press, Japanese Economic Newswire, and United Press International.

High inflation expectations raise stakes for Bank of Canada ahead of CPI data | Kitco News

OTTAWA - Canada's national annual inflation rate was 7.7 per cent in May, Statistics Canada says. Th...OTTAWA - Canada's national annual inflation rate was 7.7 per cent in May, Statistics Canada says. The agency also released rates for major cities, but cautioned that figures may have fluctuated widely because they are based on small statistical samples (previous month in brackets):— St. John's, N.L.: 7.1 per cent (6.0)— Charlottetown-Summerside: 11.7 per cent (9.5)— Halifax: 8.4 per cent (6.6)— Saint John, N.B.: 8.6 per cent (7.3)— Quebec City: 6.7 per cent (5.8)— Montreal: 6.9 per cent (6.7)— Ottawa: 7.6 per cent (6.8)— Toronto: 7.4 per cent (6.6)— Thunder Bay, Ont.: 4.9 per cent (5.1)— Winnipeg: 8.5 per cent (7.3)— Regina: 7.2 per cent (5.7)— Saskatoon: 6.6 per cent (5.7)— Edmonton: 7.1 per cent (6.1)— Calgary: 8.0 per cent (7.1)— Vancouver: 8.2 per cent (6.6)— Victoria: 8.2 per cent (6.9)— Whitehorse: 7.2 per cent (5.8)— Yellowknife: 7.5 per cent (7.0)— Iqaluit: 3.5 per cent (3.5)This report by The Canadian Press was first published June 22, 2022.

May inflation rates, by Canadian city - Winnipeg Free Press

Inflation skyrockets to highest level in nearly 40 years as gas prices soar - North Bay News

Canada’s inflation rate has probably hit its highest in nearly 40 years, according to a Bloomberg survey of economists.Canada’s inflation rate has probably hit its highest in nearly 40 years, according to a Bloomberg survey of economists.

At 7.3% consumer price index, Canada may see its highest inflation in 40 years - Hindustan Times

'The chance of the Bank of Canada following through with its hint of a larger 75 bp interest rate hike in July have risen'

Chances of Bank of Canada 75-point rate hike just went up | Financial Post

Posthaste: Chances of 75 basis-point rate hike from the Bank of Canada just went up | Financial Post