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HomeNewsInflation rate in Canada jumps again

Inflation rate in Canada jumps again

Soaring gas prices led to Canada’s inflation rate jumping to 8.1% last month compared to a year earlier.

Statistics Canada says it’s the largest yearly change in the rate since January 1983.

The inflation rate in May was 7.7%.

Gas prices are up 6.2% compared to May and 54.6% compared to June of last year.

Energy and food prices also continue to rise as the economy reopens further from pandemic restrictions.

-With files from Vista National News Wire

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