Canada Inflation Rate – May 2022 Data – 1915-2021 Historical – June …

Canada’s annual inflation rate quickened to 6.8% in April of 2022, the highest since January of 1991 and slightly above market expectations of 6.7%, driven by food and shelter as the Russian invasion of Ukraine continued to pressure prices of energy and commodities. Food prices surged 8.8% (7.7% in March) amid higher costs for inputs such as fertilizers. Meanwhile, shelter costs increased by …

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