Consumer inflation continued to rise touching 8.1% y-o-y in June

eAwazLocal News

Ottawa – The rate of consumer inflation continued to rise, reaching 8.1% year over year in June, following a 7.7% gain in May. The increase was the largest yearly change since January 1983. The acceleration in June was mainly due to higher prices for gasoline, however, price increases remained broad-based with seven of eight major components rising by 3% or more. Excluding gasoline, the CPI …