Excluding gasoline, headline inflation would have been 4.0% in June, following a 4.4% increase in May.

Canadians continued to see elevated grocery prices (+9.1%) and mortgage interest costs (+30.1%) in June, with those indexes contributing the most to the headline CPI increase.

The all-items excluding food index rose 1.7% and the all-items excluding mortgage interest cost index rose 2.0%.

https://www150.statcan.gc.ca/n1/daily-quotidien/230718/dq230718a-eng.htm?HPA=1

  • nahc1234
    link
    fedilink
    English
    arrow-up
    4
    arrow-down
    1
    ·
    1 year ago

    The fact that inflation-controlling measures(interest rates) are causing inflation. . . seems so wrong.

    • cyberpunk007@lemmy.world
      link
      fedilink
      English
      arrow-up
      2
      ·
      1 year ago

      Maybe I’m wrong but usually isn’t a recession caused when people stop buying things they don’t need because they can no longer afford them? Restaurants, boats, cars, vacations, etc? Well what happens when many Canadians can’t afford transportation to get to/from work, repair their vehicle, rent, mortgage, and food?

      Necessities are hard to afford now