Canada's inflation rate in June was 8.1%, hitting a new high in the past 40 years

The inflation rate in Canada continued to rise. The Consumer Price Index (CPI) in June this year increased by 8.1%compared with the same period last year, and after May, the inflation increase since January 1983.

When the Canadian Bureau of Statistics announced the latest inflation data on July 20, the main reason for the acceleration of inflation increase was rising gasoline prices. In June, gasoline prices rose 54.6%year -on -year, higher than 48%in May. From the perspective of data from the previous month, oil prices rose 6.2%in June, slow at the level of May.

If there is no gasoline, the June CPI rose 6.5%year -on -year. But at the same time, prices are rising in a wide range of fields. Among the 8 major sections covered by statistics, the price of 7 blocks rose or exceeded 3%.

In June, CPI floated 0.7%in June, less than 1.4%in May. The CPI adjusted after the seasons increased by 0.6%month -on -month, which was also lower than the level of May.

Due to the shortage of chips, passenger cars are still in short supply, which will continue to bring about rising prices. At the same time, service prices increased by 5.2%year -on -year, mainly seeing the cost of resettlement of homeowners, other self -housing expenses, restaurant consumption, rent, and travel accommodation expenses. However, the Bureau of Statistics believes that housing prices are relieved from the high level earlier this year, and the year -on -year increase in the cost of resetting the homeowner is slowing.

Food prices rose 8.8%year -on -year in June, which was the same as May.

Canada's price increase is still faster than the hourly salary. Data from labor survey shows that as of June, Canada's over -year salary has increased by 5.2%in the past year.

In order to curb the high inflation that has not been seen in the past 40 years, the Central Bank of Canada has raised interest rates for the fourth consecutive time since March this year, and rarely raised interest rates of 100 basis points, setting the largest single increase since August 1998 in 1998. Starting intensity. However, the estimated interest rate of the central bank still needs to be further improved, and at the same time, it will continue to implement the quantitative tightening policy.

Source: China News Network

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