Quote:
Canada's inflation rate rose to 8.1 per cent last month, Statistics Canada says, the fastest annual increase in the cost of living in decades.
The data agency said gasoline was the biggest single contributor to the overall rate going up, as pump prices were up by 54.6 per cent compared to the same month a year ago.
If gasoline is stripped out, the inflation rate would be 6.5 per cent.
Another major source of inflation this year has been food prices, which rose by 8.8 per cent in the past year. That's the same pace of increase seen the previous month, but economist Tu Nguyen with audit, tax and consulting agency RSM Canada says it's too soon to conclude that food prices may have peaked.
"Part of that can be attributed to the fact that Canada consumes more domestically grown food in the summer, which helps keep costs down," she said.
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https://www.cbc.ca/news/business/can...rate-1.6526060
Fuel prices have fallen a bit, no?
Also, there is a widespread concern that grocery chains are inflating prices to gouge customers.